(September 21) – Although domestic demand has softened again, prices offered in the major pepper growing states have remained stable, according to trade sources across the country. Business Line.
Karnataka pepper is offering for sale at Rs 695/kg for delivery anywhere in India, while pepper from the lowlands of Wayanad district in Kerala is trading in the range of Rs 695/kg and pepper in the High Mountains is traded in the range of Rs 695/kg. traded at Rs 700/kg.
Yesterday, Tuesday, September 20, on the futures market, only 7 tons of pepper were bought by domestic traders at the corresponding price. In contrast, export trading companies and processors are looking to buy Sri Lankan pepper offered at $9,000/ton, while Vietnamese pepper continues to fall at $7,500/ton.
On the IPSTA Spices Association Floor, the October, November and December contracts remained stable at Rs 72,000/quintal, Rs 66,000/quintal and Rs 63,000/quintal (equivalent to USD 10,739/ton, 9,844 USD), respectively. USD/ton and $9,396/ton).
Spot pepper prices fell by Rs 300 per quintal month-on-month, to Rs 68,900/quintal (US$10,276/ton) for bucket pepper and at Rs 71,900/quintal (US$10,724/ton) for pre-processed pepper.
The export price of special pepper from India stood at $11,075/ton (c&f) for Europe and $11,325/ton (c&f) for goods to the US, an increase of $200-225 compared to the first day of the month.
*According to the report of the General Department of Vietnam Customs, exports in the first half of September 2016 reached 4,858 tons of pepper of all kinds, with a turnover of 39.66 million USD, up 31.69 % in volume and 13 % in volume. 54% in value over the same period last year. The average export price of pepper in the period reached 8,164 USD/ton, down 0.68% compared to the average export price of August 2016.
*Exchange rate: 1 USD = 67.0476 Rupees
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