(May 31) – The rain lasted in most of the main pepper growing areas, so the number of goods traded with humidity up to 13.5% was even higher, making all activities almost slow down, according to the report. Trade sources said on Business Line.
Traders in Karnataka are offering their state’s pepper at the Kochi market for Rs 700 per kilogram but there are no buyers, they said.
Yesterday, Monday, May 30, 20 tons of pepper was delivered to the futures market, mainly pepper in the High Mountains and plains of Pathanamthitta district, Kerala state and traded at prices ranging between 690 – 705 Rupees/kg.
The pepper held at the floor’s warehouses is allowed to continue after processing and is offered at Rs 700/kg delivered anywhere in India.
Spot prices fell further 200 rupees to Rs 68,800/quintal for bucket pepper ($10,249/ton) and Rs 71,800/quintal for pre-processed pepper ($10,696/ton), a sharp drop of 900. Rupees compared to the middle of the month.
On the IPSTA Spices Association, the June, July and August futures contracts remained unchanged at Rs 71,000/quintal (equivalent to USD 10,577/ton), Rs 70,000/quintal (equivalent to USD 10,428/ton), and Rs 69,000/quintal (equivalent to USD 10,279/ton).
The export price of Indian pepper is about 11,000 USD/ton (c&f) for European delivery and 11,300 USD/ton (c&f) for the US, with only slight adjustment.
Indonesia is said to have started supplying Lampung Asta Black Pepper at $9,250 – $9,350/ton for August/September delivery. Vietnam also offers ASTA Black Pepper at $9,175 – $9,275/ton for the July/August contract, while 550 Gr/l-FAQ Black Pepper offers $9,050/ton (fob).
*According to a report of Vietnam’s Agriculture and Rural Development sector, the export volume of pepper in May 2016 is estimated at 19 thousand tons, with a value of 171 million USD, bringing the export volume of pepper in the first 5 months of 2016 to 87,000 tons and 627 respectively. million USD, up 19% in volume but down 7.3% in value over the same period in 2015. The average export price of pepper in the first 4 months of 2016 reached 8,110 USD/ton, down 11.8% compared to the same period last year. period 2015. The largest pepper export markets of Vietnam in the first 4 months of 2016 are the United States, India, the United Arab Emirates and Germany with 44.39% market share.
*Exchange rate: 1 USD = 67.1257 Rupees
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