(November 25) – During the past week, the pepper market continued to witness Supply crisis even when the purchasing power of domestic market shows signs of recession.
Spot prices at historic prices reached Rs 500 a kg last week and then dropped by Rs 300 to Rs 49,700 a quintal. At the same time, the upward trend of prices continues on national and regional exchanges. The report shows that tight supply situation in other producing countries around the world has supported rising prices.
A small amount of farm grade pepper was brought to the futures market and was traded at Rs 500 – 505 / kg. Meanwhile, 550 GL bulk pepper was sold by processing plants at Rs 510 – 512 – Rs 515 a kg.
Although the health has begun to weaken due to “the middle of the wedding season in Delhi and other cities of Northern India and the election fever in some states,” “boss” The industry is said to hold large quantities of goods from all available sources.
Meanwhile, the sellers in Karnataka were offered at Rs 525 / kg and delivered anywhere in India. Although prices fell on Saturday, overall performance showed an increase in the week of active contracts on both national and regional exchanges.
On NMCE, December and January contracts for the week increased by Rs 599 and Rs 1,014, respectively, to Rs 52,650 / quintal and Rs 52,740 / quintal (equivalent to USD 8,376 / ton and USD 8,390 / ton). (1 USD = Rs 62.8573)
Quantity delivered increased by 24 tons to 72 tons while open interest increased by 2 tons to 6 tons.
On IPSTA, all active contracts increased by Rs 1,315 and Rs 568, respectively, to Rs 52,329 / quintal and to Rs 52,500 / quintal (equivalent to USD 8,325 / ton 8,352 USD / ton). Sales for the week increased 486 tonnes to 705 tonnes while open interest dropped by 1 tonnes to 3 tonnes.
Spot price decreased by Rs 100 during the week to close at Rs 49,700 / quintal (USD 7,907 / ton) for pint and Rs 51,700 / quint (USD 8,225 / ton) for the selected grade, on Saturday on the active day. limited action.
The Indian specialty pepper in the international market was at a higher level due to the increase in spot and spot prices in India due to strong domestic demand. At the same time, tightening supplies in other producing countries has pushed pepper prices in the world market. Malabar pepper has been offered internationally for USD 8,750 / ton (c & f) for Europe and USD 9,050 / ton (c & f) for the US and is still priced.
According to the International Pepper Association (IPC), pepper prices in producing countries have once again increased. “The increase for black pepper is up to 4% and up to 2% for white pepper,” S. Kannan, IPC Executive Director, told Business Line. He said prices may continue to rise mainly due to short supply in Vietnam and Indonesia.
Source Giacaphe.vn
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