(19/10) – Although supply and demand were temporarily stable, domestic pepper prices were still high due to the strong rupee, which boosted imports, according to market sources. Business Line.
Pepper imported via Sri Lanka alley, sold at cheap prices, is said to flood the Indian market. However, farmers in the southern major states did not rush to sell their products because they thought their pepper quality was always high. In addition, the Association of Agricultural Producers in the major pepper states has proposed that the Government impose minimum import tariffs, or that they will switch crops because of the current investment costs for pepper production. was too high.
Pulpally and Bathery pepper in Wayanad district – Kerala are traded at Rs 435 / kg, while long-distance traders order pepper in the High Mountains in Kerala at Rs 445 – 450 Rs but the growers do not. want to sell.
High density imported pepper is offered at Rs 415-420 / kg delivered at the port's entrepot.
On Wednesday, October 18, spot prices remained stable at Rs 43,200 / quintal (US $ 6,640 / ton) for pint and 45,200 Rs / quintal (US $ 6,947 / ton) for the type of pepper. preliminary treatment.
On NCDEX, the price of pepper delivered in November decreased Rs 275 to Rs 43,325 / quintal (equivalent to USD 6,659 / ton) and delivery in December decreased by Rs 10 to Rs 45,910 / quintal (equivalent to USD 7,056 / ton). ), is expected to fall further as the market enters the Diwali festival this year.
Export price of MG1 Indian special pepper at US $ 7,255 / tonne (c & f) for European goods and US $ 7,775 / tonne (c & f) for US shipments increased by US $ 525 from the beginning of the month. Export prices of Indian pepper now benefit from the strengthening of the Rupee against the USD
In the international market, black pepper prices are offering Lampung – Asta USD 4,850 / ton, Vietnam – Asta 4,375 USD / ton and Brasil – Asta have the most competitive price at 4,200 USD / ton.
* According to a report of the General Department of Vietnam Customs, exports in the first half of October 2017 reached 5,274 tons of pepper of all kinds, with a value of US $ 24.48 million, up 21.62% in volume but down 20, 24% in value compared to the same period last year. The average export price during the period reached US $ 4,641 / ton, down 3.41% compared to the average export price of the previous month.
* Exchange rate: USD 1 = Rs 65,0647.
Source English (giacaphe.vn)
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