Local traders are actively buying in amidst tight supply, while export companies are waiting for suppliers to deliver, according to Business Line.
Demand in major domestic markets has also increased after the festive season.
Spot prices of pepper have shown a firmer trend of buying power to support well in the context of available goods remain tight. Domestic traders are also actively seeking sources of goods in localities.
Yesterday, Thursday, 03/9, on the futures market, only 19 tonnes of high-density pepper were traded at Rs 655-657 / kg.
Spot prices of pepper also increased to Rs 200 to Rs 64,300 a quintal (US $ 9,715 per tonne) for pint and 67,300 Rs / quintal (US $ 10,169 per ton) for semi-processed pepper.
However, on the IPSTA Spices Association's Floor, the September contract dropped Rs 750 to Rs 67,750 a quintal ($ 10,237 per tonne).
Meanwhile, Brazil is offering Asta B at $ 9,850 / ton (c & f), Vietnam offers Asta pepper at $ 10,425 / ton (fob), Lampung Indonesia pepper is reported to sell at $ 10,360 / Tons (fob) and Sri Lankan pepper are offering 500 Gr / l at 9,400 USD / ton, delivered at Kochi.
The price of Indian pepper exported was around USD 10,550 per tonne (c & f) for European products and USD 10,800 per tonne (c & f) for export to the US, a slight increase.
* According to the report of Agriculture and Rural Development, the export volume of pepper in August 2015 was estimated at 7 thousand tons, valued at US $ 72 million, bringing the export volume of pepper in the first 8 months of 2015 to 104 thousand tons with value of 978 million USD, down 21.7% in volume and 1% in value. The average export price of pepper in the first 7 months of 2015 reached 9,373 USD / ton, up 28.11% over the same period in 2014. Export of pepper to the US, Singapore and the United Arab Emirates – 3 markets Vietnam's largest market in the first 7 months of 2015 accounted for 38.86% of market share.
* Exchange rate 1 USD = 66.1834 lakhs
Source English (giacaphe.vn)
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