Indian pepper market last week was still under the control of speculators when they tried to tighten and dredge all goods in the market.
The speculation of more than 3,000 tons made pepper prices pushed up very high, while there was no support from the domestic and foreign markets. Purchasing pepper from other sources seems to be easier.
The exchange's delayed delivery system seems to have helped small and medium-sized businesses to sell more new items.
In the Indian market, speculators from Rajasthan have met the demand of the North with the price of black pepper at Rs 400 – 405 Rs. Therefore, up to now, there is no real delivery demand in the futures market.
However, it is expected that from mid-October domestic demand will flourish as purchases in preparation for the Diwali festival and winter will be made soon. In addition, this is the time when the grinding – grinding industry will make purchases.
Shipments delivered have begun to increase. The new harvest season is expected to start in mid-December. It is estimated that this season's production will be around 60,000 tons, and the peak delivery time is usually from December to February or March. In Wayanad, this year's long drought has reduced the number of pepper, but those that withstand the changing weather will bear a lot of fruit. Drought situation also occurs in other pepper areas. However, total production is expected to be higher than last season, they added.
Last week saw more and more deposits and as a result, trading on the exchange increased to about 4,200 tons.
Closing on Friday, 1,574 mt of slow delivery of pepper was reported.
Good numbers of pepper come from Idukki, Kerala state, and a new harvest is expected from mid-December, market sources said. Business Line. On average, Kollam and Thiruvananthapuram districts sell 20-25 tons of green pepper a week to producers in brine and dehydrated green pepper at Rs 120-130 / kg. Last week, green pepper was sold for Rs 135 – Rs 150, leading market sources said. Supplies from Pathanamthitta district are not yet ready for sale, the source added.
Spot prices in tandem with the trend in the futures market and contracts also increased by Rs 600 to Rs 40,600 a quintal for the buck and Rs 42,100 a quintal for the selected grade.
On the world market, Indian parity remained at 8,500 USD / ton (c & f) and was significantly higher than that of other sources.
Export of Vietnam
According to the Association of Pepper, Vietnam still holds the world record for pepper export in the first 9 months of 2012. The world's leading pepper producing country has exported 93,551 tons of pepper, including 80,433 tons of pepper. black and 13,118 tons of white pepper. Compared to the same period in 2011, although the export volume has decreased by 11,291 tons, equivalent to a decrease of 10.8%, but the export turnover has increased by 7.3%, an increase of 43.7 million USD.
According to Business Line
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