(January 18) – New crop sales pressure in the Indian domestic market is increasing as farmers in two major pepper growing states, Kerala and Karnataka enter the harvest period, according to market sources. on Business Line.
Thekken, an Indian hybrid of high-yielding pepper
Meanwhile, black pepper imported from Vietnam and Sri Lanka with very significant volume continues to put downward pressure on prices.
On the futures market, on Wednesday, January 17, there were 33 tons of pepper, mainly from Sri Lanka, traded at an average price of Rs 405 a kg and 18 tons of pepper in the delta. Kerala is sold for Rs 410 a kg. Some exporters order MG1 special pepper but have no supply. According to farmers, perhaps growers do not want to sell this type of pepper with this geographical indication because prices are falling too low.
Spot price of pepper also decreased further Rs 300 to Rs 40,800 / quintal (equivalent to USD 6,386 / ton) for black buckets and Rs 42,800 / quintal (USD 6,699 / ton) for preliminarily black pepper. preparations.
On NCDEX, the price of pepper delivered in January delivered at Rs 44,450 / quintal (equivalent to USD 6,957 / ton) and February delivery at Rs 44,700 / quintal (equivalent to USD 6,996 / ton), the price decreased slightly by approximately approximately Rs 100 a quintal compared to the previous week.
Special export price of Indian MG1 export at 6,925 USD / tonne (c & f) for European deliveries and 7,175 USD / tonne (c & f) for delivery in the US.
According to the Indian Spices Association, in recent years the demand for pepper imports is estimated at 20,000 tons per year. Mainly imported pepper from Sri Lanka, Vietnam and Brazil, used to produce pepper essential oil, ground pepper and value-added disinfection pepper.
* According to a report of the General Department of Vietnam Customs, the export in December 2017 reached 12,582 tons of pepper of all kinds, with a turnover of US $ 53.87 million, down 18.0% in volume and down 11.2% in volume. The value compared to the previous month increased 20.9% in volume and decreased 21.8% in value over the same period last year. The average export price in the period reached 4,281 USD / ton, down 5.70% compared to the average export price of November 2017. In 2017, Vietnam exported 214,855 tons of pepper of all kinds, with a total export turnover of US $ 1.12 billion.
* Exchange rate: 1 USD = 63.8898 Rupees.
Source English (giacaphe.vn)
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