India became the third-largest importer of Vietnamese pepper in the January-July period, overtaking the UAE. Much of the Vietnamese export of 3,113 tonnes of pepper to Sri Lanka might have also found its way into the country, Kishor Shamji, a veteran pepper exporter told BusinessLine.
In addition, 2,500 tonnes of Sri Lankan pepper is being shipped to India under the free trade agreement between the neighbours, he said.
On the terminal market, 14 tonnes were traded on Tuesday. Of this four tonnes were from the high ranges and were traded at Rs.490 a kg.
Spot prices remained unchanged at Rs.48,300 (ungarbled) and Rs. 50,300 (garbled) a quintal.