(April 26) – Domestic pepper market remains stable between supply and demand, while exporters are stepping up their search for high-quality pepper and are willing to buy at higher prices, according to Market sources said above Business Line.
Yesterday Monday, April 25, on the futures market there were 18 tons of pepper, mainly from the High Mountains, which was traded at Rs 695 / kg. Meanwhile, multinational exporters are willing to buy Pulpally pepper, Battery in Wayanad district of Kerala state for 40% large nuts at Rs 695 / kg. In contrast, customers were looking to buy Rajkumari in Idukki district for Rs 705 a kg but there were no sellers.
Spot prices of pepper remained unchanged at Rs 68,100 / quintal (US $ 10,212 / ton) for the pint and the level of Rs 71,100 / quintal (US $ 10,662 / ton) for the pre-processed grade.
On the IPSTA Spices Association Floor, the contracts for May, June and July periods remained stable at Rs 70,000 / quintal (equivalent to US $ 10,497 / ton), Rs 69,000 / quintal (equivalent to US $ 10,347 / tons) and Rs 68,000 a quintal (equivalent to 10,197 USD / ton).
Export price of Indian pepper is now at 10,900 USD / ton (c & f) for Europe and 11,150 USD / ton (c & f) for the US, up 300 USD compared to the beginning of the month.
* According to the report of Vietnam's Agriculture and Rural Development sector, the export volume of pepper in April 2016 was estimated at 26 thousand tons, with a value of 199 million USD, bringing the export volume of pepper in the first 4 months of 2016 to 70 thousand tons with 569 US $ million, up 28.3% in volume and up 14.6% in value over the same period in 2015. Average export price of the first 3 months of 2016 reached US $ 8,360 / ton, down 8.6% over the with the same period of 2015. The largest pepper export markets of Vietnam in the first 3 months of 2016 were the United States, India, the United Arab Emirates and Germany with 45.93% market share. The markets with strong export value increase are India (15.67 times), United Arab Emirates (5.24 times), Russia (3.78 times), Pakistan (2 times). , 83 times) …
* Exchange rate: 1 USD = 66.6840 Rupees
Source English (giacaphe.vn)
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