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STATES: Pepper futures ease on selling pressure.
from BUSINESS LINE, June 30, 2009 Kochi, June 29 - The pepper futures market was easier on Monday on selling pressure caused by fears that imported pepper was flooding the market.
Trading sources alleged that imported pepper was being sold at discount as Wayanadan pepper.
The latter is sold at Rs 130 a kg while the imported stuff is allegedly sold at Rs 115 - 125 a kg. The landed cost of 500 GL pepper would come to Rs 95 to Rs 105 a kg, market sources told Business Line.
Also, farmers were liquidating stocks to meet the college admission expenses. Apart from this, the strict vigil on the borders by the Kerala Sales Tax department to arrest smuggling of …
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