Indian pepper prices continue to increase hotly due to higher domestic demand amid tight supply, according to news Business Line said.
Primary market traders in Pulpally and Bathery (in Wayanad district, Kerala) reported liquidation of old crop at Rs 715/kg but buyers only paid Rs 710/kg. While pepper from Rajkumari region (Idukki district, Kerala) has been offered for Rs 725/kg and pepper from other parts of the High Mountains is being offered at Rs 723/kg.
On the IPSTA Spices Association floor, all active contracts have increased by Rs 1,000. Specifically, the contract in December, January and February respectively increased at Rs 66,665 / quintal, Rs 61,800 / quintal and Rs 62,026 / quintal (equivalent to 10,823 USD/ton, 10,034 USD/ton and 10,070 USD/ton). .
On the spot, only 12 tons of pepper arrived and all were traded. On the spot floor, prices spiked by Rs 500 more to Rs 70,300 per quintal (equivalent to $11,414 per tonne) for bucket pepper and Rs 73,300 per quintal (equivalent to $11,901 per ton) for preprocessed.
The price of Indian pepper for export increased to $12,500/ton (c&f) for European delivery and $12,750/ton (c&f) for delivery in the US, an increase of $200 compared to the previous week.
Responding to a recent interview by Business Line, Mr. S. Kannan, Chairman of the Spices Council of India, who is also the CEO of IPC, said that this year, an estimated 59,036 tons of pepper have been exported, compared to an estimated 84,706 tons of pepper. types last year. Mr. S. Kannan also expects the price to be likely to stay high until the end of this month, then it may remain stable until March 2015 before changing.
*(Exchange rate 1 USD = 61.5932 Rupees)
Follow Anh Van (Giacaphe.vn)
Source link
