Active contracts in the futures market continued to decline due to the expiration of the trading day. Hold positions are currently being liquidated. Other contracts on the board also fell and were adjusted to actual levels, market sources said Business Line know.
Spot pepper mainly comes from the plains. But has been commercially accused of being infected by a fungus. As a result, processing costs have increased significantly.
38 tons of farm grade pepper were delivered and were traded at Rs 409-415 / kg depending on the quality and scale of production. Representatives of federal companies are looking for high-density pepper at the doorstep of farmers and traders in the high mountains. But, the sellers did not show up. Selling pressure continues to increase in the plains of Kerala, probably to meet the spending needs for the Onam festival.
The direct supply from Karnataka has met most of the domestic demand at Rs 400 a kg at the doorstep of buyers in cash and delivered anywhere in India, market sources said.
The report said demand from exporters, industry and dealers of high-density pepper is currently very large, but the goods are not available.
On NMCE, September and October contracts dropped sharply by Rs 390 and Rs 517 to Rs 43,350 a quintal and Rs 44,000 a quintal (equivalent to US $ 6,844 / ton and 6,947 USD / ton). November contract dropped Rs 1,165 to Rs 43,850 a quintal (US $ 6,923 / ton). (1 USD = 63,336 Rupees)
Total open interest dropped by 1 tonnes to 49 tonnes. Total turnover increased by 21 tonnes to 55 tonnes.
Spot prices remained unchanged, as required and provided at Rs 40,900 / quintal (US $ 6,458 / ton) for pail and Rs 42,900 / quintal (US $ 6,773 / ton) for selected grades. .
Indian specialty pepper in the international market increased to US $ 7,100 per tonne (c & f) in Europe and US $ 7,350 per tonne (c & f) for the United States, and remained competitive.
Source Giacaphe.vn
Source link
