(April 26) – The domestic pepper market remains stable between supply and demand, while exporters are stepping up their search for high-quality pepper and are willing to buy at higher prices, according to experts. Market sources said on Business Line.
Yesterday, Monday, April 25, on the futures market, 18 tons of pepper, mainly from the High Mountains, was traded at Rs 695/kg. Meanwhile, multinational exporters are willing to buy pepper from Pulpally, Battery in Wayanad district, Kerala state for the type with 40% large grain at Rs 695/kg. On the contrary, customers were looking to buy Rajkumari pepper in Idukki district for Rs 705/kg but there were no sellers.
Spot pepper prices remained unchanged at Rs 68,100/quintal (equivalent to USD 10,212/ton) for bucket pepper and at Rs 71,100/quintal (equivalent to USD 10,662/ton) for pre-processed pepper.
On the IPSTA Spices Association, the May, June and July futures contracts remained stable at Rs 70,000/quintal (equivalent to USD 10,497/ton) and Rs 69,000/quintal (equivalent to USD 10,347/ton), respectively. tons) and Rs 68,000/quintal (equivalent to USD 10,197/ton).
The export price of Indian pepper is at 10,900 USD/ton (c&f) for Europe and 11,150 USD/ton (c&f) for the US, an increase of 300 USD compared to the beginning of the day.
*According to a report by Vietnam’s Agriculture and Rural Development sector, the export volume of pepper in April 2016 is estimated at 26 thousand tons, with a value of 199 million USD, bringing the export volume of pepper in the first 4 months of 2016 to 70,000 tons with 569 million USD, up 28.3% in volume and 14.6% in value over the same period in 2015. The average export price of pepper in the first 3 months of 2016 reached 8,360 USD/ton, down 8.6% compared to the same period last year. in the same period of 2015. The largest pepper export markets of Vietnam in the first 3 months of 2016 are the United States, India, the United Arab Emirates and Germany with 45.93% market share. The markets with a strong increase in export value are India (15.67 times), the United Arab Emirates (5.24 times), Russia (3.78 times), Pakistan (2 times) ,83 times)…
*Exchange rate: 1 USD = 66.6840 Rupees
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