(11/12) – Commercial activity in the market is still limited due to no selling pressure while buyers continue to wait for new cases to come out, according to market sources. Business Line.
According to market base dealers in Kerala state, farmers and agents are not ready to sell at current prices while growers are expecting a bit more positive prices.
The market source of Business Line According to the report, 60 to 70 tons of allegedly contaminated pepper were released and brought to the central market in the states.
In addition, in the central markets of North India, Sri Lanka pepper and new pepper pepper have appeared.
Yesterday, Thursday 10/12, 13 tons of pepper were traded, including 6 tons from the High Mountains, 2 tons from the plains and 5 tons were pre-processed, respectively at Rs 650 / kg. , 655 Rupee / kg, 660 Rupee / kg.
Meanwhile, traders in Idukki – Kerala district said that Rajkumari pepper was traded at Rs 670 a kg.
They also added that dealers in other central markets in Maharashtra, Rajasthan, Delhi and Madhya Pradesh, did not buy pepper there because they thought that the quantity of pepper in the warehouse in these centers was given is poisoned, and is offered for sale at Rs 650 a kg.
The spot price of pepper increased at Rs 65,600 / quintal for the bucket type (approximately 9,826 USD / ton), and 68,600 Rs / quintal (equivalent to 10,276 USD / ton) for the preliminary type.
On the floor of IPSTA Spices Association, the terms December, January and February were respectively Rs 69,000 / quintal, Rs 61,500 / quintal and Rs 55,000 / quintal (equivalent to USD 10,336 / ton, USD 9,212 / ton). and 8,139 USD / ton), a reduction of Rs 500.
The export price of Indian pepper is now at 10,600 USD / ton (c & f) for Europe and 10,850 USD / ton (c & f) for the US, down 100 USD from the beginning of the month and still higher than export pepper from other origins.
However, foreign buyers said that they had received an offer from India for a new pepper price of under US $ 10,000 / ton.
* According to the report of Agriculture and Rural Development of Vietnam, the export volume of pepper in November 2015 was estimated at 6 thousand tons, with a value of US $ 65 million, bringing the export volume of pepper in the first 11 months of 2015 to 124 thousand. ton with a value of 1.18 billion USD, down 17.3% in volume but up 2.8% in value. The average export price of pepper in the first 10 months of 2015 reached 9,521 USD / ton, up 24.9% over the same period in 2014. The largest pepper export markets of Vietnam are the United States, United Arab Emirates Nhat and Singapore with 36.14% market share. The markets with strong growth values are Germany (39.46%), the UK (33.16%), South Korea (30.07%), and Spain (29.56%).
* Exchange rate: 1 USD = 66.75 94 Rupees
Source English (giacaphe.vn)
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