Follow Business Line, total imports in the first 4 months were estimated at over 6,000 tons, making India the third importer among the top pepper importers from Vietnam.
However, farmers and dealers in major markets have accused importers of being pushed into the domestic market under Wayanad and Coorg pepper, since the domestic market paid more for this pepper.
In addition, an estimated 40-50% of re-export targets, after imported pepper is exploited to produce crushed pepper, have smuggled into the domestic market.
The North Indian market continued to be flooded with imported pepper and as a result, prices fell on Friday, June 6.
No activity was seen on the futures exchanges of national and regional exchanges.
Severe hot and dry weather is now common in Delhi, Rajasthan and other states that are also thought to be responsible for the decline in domestic demand.
In the spot market there were 17 tons of pepper traded. Leading exporters have purchased these items. Meanwhile, market sources in North India said that pepper for Nepal was delivered in some major markets. Imported black pepper is being offered at Rs 675 a kg on credit and white pepper at Rs 1,200 a kg delivered anywhere in India.
A farmer in Sakleshpur (Karnataka) told Business Line Today was the bid for Rs 620 / kg. Farmers there and in Chikamagalur said that this year's crop of Karnataka state had failed.
Spot prices dropped further by Rs 500 to Rs 67,100 / quintal (US $ 11,334 / ton) for the pintle and to Rs 69,100 / quintal (US $ 11,672 / ton) for the selected type, but transactions were long-term. preparations. (1 USD = 59,2009 Rupees)
The export price of Indian pepper was US $ 12,900 / ton (c & f) for Europe and US $ 13,150 / ton (c & f) for the US, which is still higher than that of other origins.
Source Giacaphe.vn
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