Follow Business Linetotal imports in the first 4 months are estimated at over 6,000 tons, making India the third top importer of pepper from Vietnam.
However, farmers and dealers in the main markets have alleged that imported pepper is being pushed into the domestic market in the shadow of Wayanad and Coorg pepper, since the domestic market pays more for these varieties. this target.
In addition, it is estimated that about 40-50% of the target for re-export, after imported pepper is exploited to produce crushed pepper, has been smuggled into the domestic market.
The northern Indian market continues to be flooded with imported pepper and as a result, prices fell on Friday, June 6.
No activity was seen on national and regional exchange futures exchanges.
Severe hot and dry weather prevailing in Delhi, Rajasthan and other states is also blamed for the drop in domestic demand.
On the spot market, 17 tons of pepper were traded. The leading exporters bought these goods. Meanwhile, North Indian market sources said that pepper for Nepal has already been delivered in some key markets. Imported black pepper is being offered at Rs 675/kg on credit and white pepper at Rs 1,200/kg delivered anywhere in India.
A farmer in Sakleshpur (Karnataka) said to Business Line today that customers have offered to buy at Rs 620/kg. Farmers there and in Chikamagalur report that this year’s pepper crop in Karnataka state has failed.
Spot prices fell further 500 rupees to Rs 67,100 per quintal ($11,334 per ton) for bucket pepper and Rs 69,100 per quintal ($11,672 per ton) for select pepper, but transactions were limited. regime. ( 1 USD = 59,2009 Rupees )
The export price of Indian pepper is $12,900/ton (c&f) for Europe and $13,150/ton (c&f) for the US, still higher than that of other origins.
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