In recent days, pepper prices in the Indian market have remained stable due to temporary supply and demand.
Farm grade pepper is being traded at 515 – 535 lakhs / kg but the quantity is not much.
The market is waiting for pepper from the state of Karnataka for the new crop, which is expected to hit the market by March 15.
Yesterday, Wednesday, March 5, on NMCE, futures for March delivery dropped by Rs 202 to Rs 52,710 / quintal (approximately 8,534 USD / ton) while April futures contract did not. guest transactions. (1 USD = 61.7668 Rupees)
Spot prices for pepper remained unchanged, at Rs 51,500 a quintal (US $ 8,338 / ton) for pint and 53,500 Rs / quintal (US $ 8,662 / ton) for the selected grade.
Special export price of MG1 Indian pepper was priced at 8,700 USD – 8,750 USD / ton (c & f) to Europe and at 8,900 – 8,950 USD / ton (c & f) to USA.
According to exporters, the price of Malabar pepper was purchased by customers at a price higher than US $ 200 / ton compared with the export price of other countries.
However, higher Indian pepper prices have led some overseas buyers in the futures market to switch to buying pepper from other countries.
Source Giacaphe.vn
Source link
