(July 20) – Spot prices continued to stabilize amid tight supply and limited activity in the domestic market, according to market sources. Business Line.
After the Muslim fasting month of Ramadan, the Indian pepper market became active again thanks to the good purchasing power of the spice industry and consumers in the northern states.
In particular, Rajkumari grade 600 Gr / l with 13% moisture was offered at Rs 715 / kg but it was also difficult to buy.
Yesterday, Tuesday 19/7, there were 15 tons of pepper in the Pulpally and Bathery region in the district of Wayanad – Kerala and 5 tons of pepper in the High Mountains were traded at Rs 703-712 / kg.
Spot prices are now at Rs 69,600 / quintal (US $ 10,523 / ton) for pint and 72,600 Rs / quintal (US $ 10,976 / ton) for preliminarily processed pepper, down Rs 300 from the month. before.
On the IPSTA Spices Association Floor, August, September and October contracts remained stable at Rs 72,000 / quintal, Rs 71,000 / quintal and 69,000 Rs / quintal (equivalent to USD 10,886 / ton, USD 10,735 / tons and 10,432 USD / ton), unchanged from the previous month.
Export price of Indian pepper stood at USD 11,025 / ton (c & f) for Europe and USD 11,275 / ton (c & f) for US delivery, down slightly by USD 50. However, the export price of Indian pepper is still beneficial because the exchange rate of Rupee is strengthening against the USD
Traders said that Sri Lankan pepper grade 520 – 525 Gr / l is being offered at Rs 650-675 / kg, delivered at Chennai in Tamil Nadu state, and at Rs 675-690 / kg, delivered in Delhi. .
* According to the report of Vietnam General Department of Customs, the export in June 2016 reached 16,618 tons of pepper of all kinds, with a turnover of USD 138.80 million, down 22.2% in volume and down 16.2%. in terms of value compared to the previous month but up 22.6% in volume and 6.5% in value over the same period last year. The average export price in the period reached 8,352 USD / ton, up 7.64% compared to the average export price of May 5/2016. In the first 6 months of 2016, Vietnam exported 106,829 tons of pepper of all kinds, total export turnover of 863.44 million USD.
* Exchange rate: 1 USD = 66.14 Rupee
Source English (giacaphe.vn)
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