Yesterday, Monday 5/5, Indian pepper prices rebounded as supply continued to be tight while demand was still very high, but no transactions took place on the national commodity floor and floor areas.
Buyers are willing to pay higher prices but sellers are not willing to sell even part of their inventory, market sources said. Business Line know.
On the National Commodity Exchange (NMCE), buyers were offered at Rs 70,745 per quintal (equivalent to $11,747 per ton), up Rs 1,000 from the previous day’s closing price. ( 1 USD = 60.2249 Rupees )
Similarly, on the Spices Association (IPSTA) floor, buyers were ready at Rs 67,292 per quintal (equivalent to $11,173 per ton) for the May contract and at Rs 66,292 per quintal (equivalent to 11,007 USD) for the May contract. USD/ton) for the June contract, both at Rs 1,000.
Pepper from the state of Karnataka has begun to enter the commodity market and has been offered at Rs 690-700/kg. Traders all attributed the increase in prices to strong demand and continued tight supply.
On the spot market, 13 tons of pepper were delivered and traded at prices ranging from Rs 690 – 700 – 710/kg. However, traders said that Rajkumari pepper (Idukki district) was traded at Rs 720/kg.
Spot prices rose Rs 1,000 to Rs 69,000/quintal ($11,457/ton) for bucket pepper and Rs 71,000/quintal ($11,789/ton) for picks due to strong demand.
The export price of India’s special MG1 pepper has increased to $12,400/ton (c&f) for delivery to Europe and $12,650/ton (c&f) to the US and is still paying.
Follow Giacaphe.vn
Source link
