(November 4) – Market activities continue to be limited due to lack of sellers while buyers continue to search for sources of goods, especially high-quality pepper, according to the report. Business Line.
Yesterday, Tuesday, November 3, on the spot market, there were 8 tons of pepper traded at Rs 685/kg. While buyers are willing to buy pepper with high weight in bulk at Rs 685/kg, and pepper in Rajkumari (Idukki district) even at Rs 690/kg but there are no sellers.
Local dealers said that sellers are also very limited because they are in the growing season and farmers in standard growing areas are also preparing to harvest a new crop.
Spot pepper prices have increased by Rs 400 more compared to the end of October, to Rs 66,100/quintal (equivalent to USD 10,086/ton) for bucket pepper and Rs 69,100/quintal (equivalent to USD 10,544/ton). for processed pepper.
On the IPSTA Spices Association Floor, the November, December and January futures contracts increased by Rs 1,000 per quintal to Rs 71,000 per quintal, Rs 69,000 per quintal and Rs 65,500 per quintal (equivalent to $10,834 USD). /ton, 10,528 USD/ton and 9,994 USD/ton).
Indian export pepper prices are currently at $11,050/ton (c&f) to Europe and $11,300/ton to the US, up $500 from a month earlier, and still high compared to originating pepper. other origin.
Sri Lankan pepper delivered at Kochi was also reported at $9,650/ton for 525 Gr/l and $9,700 to $9,800/ton for 550 Gr/l.
*According to a report of Vietnam’s Agriculture and Rural Development industry, the export volume of pepper in October 2015 is estimated at 6 thousand tons, with a value of 62 million USD, bringing the export volume of pepper in the first 10 months of 2015 to 117 thousand. tons with a value of 1.11 billion USD, down 19.6% in volume but up 0.5% in value. The average export price of pepper in the first nine months of 2015 reached $9,472 per ton, up 25.3% over the same period in 2014. The largest pepper export markets of Vietnam are the United States, the United Arab Emirates and the United Arab Emirates. Thong Nhat and Singapore with 37.03% market share. Markets with strong increase in value were Germany (38.16%), Korea (33.11%), Spain (29.37%) and UK (23.95%).
*Exchange rate: 1 USD = 65.5369 Rupees
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