Despite the increase in supply due to high harvest, spot prices at major markets in the country remained stable, according to Buisiness Line.
Although the selling pressure from Karnataka is increasing, the supply from this state is mainly low-density pepper and the humidity is still high. Local traders still offered at Rs 510 – 535 lakhs / kg, a stable price since the beginning of the week.
On 18/3, about 82 tons of pepper were shipped, including 64 tons from Kodagu district in Karnataka and were traded at Rs 535 – 555 Rs.
According to traders, pepper from Wayanad and Idukki districts of Kerala state is quite small due to the light rain and cloudy weather over many days. Meanwhile, pepper in the High Mountains in Kerala will not be ready to sell for under Rs 560 a kg.
At the same time, the uncertainty of 7,000 tons of pepper contaminated with mineral oil will be released by the Food Standards Authority of India (FSSAI), raising concerns about the availability of products and market sources. The school has said above Business Line.
Spot prices were stable at Rs 53,500 a quintal (US $ 8,531 per tonne) for pint and 56,500 Rs / quintal (US $ 9,010 per ton) for preliminarily processed pepper.
Yesterday on March 19, on the IPSTA Spices Association Floor, the contracts for April, May and June increased to Rs 58,508 / quintal, Rs 57,515 / quintal and Rs 57,505 respectively (equivalent to USD 9,329 / tons, 9,711 USD / ton and 9,169 USD / ton).
Export prices of Indian pepper remained stable at US $ 9,300 / ton (c & f) for European deliveries and 9,550 (c & f) for shipments to the US.
Vietnam's pepper export prices remain unchanged, but prices at home market are reported to be at a high level due to cross-border demand.
* According to the report of Vietnam General Department of Customs, the export in February 2015 reached 12,058 tons of pepper of all kinds, with a turnover of US $ 108.52 million, up 14.9% in volume and 9.2% in volume. value over the previous month and down 4.5% in volume but up 29.0% in value over the same period last year. The average export price during the period reached US $ 8,999 / ton, down 4.98% compared to the average export price of January 2015.
* (Exchange rate: 1 USD = Rs 62,7135)
Source English (Giacaphe.vn)
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