Activities in the market are currently very limited, buyers have left the market while sellers also do not want to sell at low prices.
Yesterday, Monday 24/11, spot pepper prices remained stable due to limited activities. Leading exporters, who have actively bought pepper at Rs 690, 695 and Rs 700 per kg, said they would remain active and ready to buy at Rs 690 per kg.
However, sellers are not willing to sell part of their product at this time. As a result, the market is stagnant and therefore the spot market is temporarily stable, market sources said. Business Line know.
On the IPSTA Spices Association Floor, all active contracts have shown a firmer trend, although no transactions have taken place. The contracts for December, January and February were respectively Rs 65,500 / quintal, Rs 60,700 / quintal and Rs 60,900 / quintal (equivalent to USD 10,599 / ton, USD 9,822 / ton and USD 9,855 / ton).
On the spot, 20 tons of pepper were delivered and were traded at 690 – Rs 700 a kg.
Spot prices remained unchanged, at Rs 68,800 / quintal (US $ 11,133 / ton) for the pint and 71,800 / quintal (US $ 11,618 / ton) for the pre-processed grade. But it dropped to Rs 1,400 a quintal compared to a week ago.
Exporters have reported the delivery of December Malabar black pepper at US $ 11,300 – 400 per tonne and March delivery at US $ 9,500 per tonne in international markets.
* Preliminary report data of the General Department of Vietnam Customs showed that exports in the first half of November 2014 reached 2,868 tons of pepper of all kinds, with a value of US $ 26.91 million, up 0.89% to volume and increased sharply to 36.65% in value over the same period last year. The average export price during the period reached US $ 9,383 / ton, down slightly by 0.05% from the previous month's average export price.
* (Exchange rate of 1 USD = 61.7982 Rupees)
Source English (Giacaphe.vn)
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