(May 31) – The rains persisted in most of the major pepper growing areas, so the number of products traded at a moisture content of 13.5% was even higher, making all operations virtually slowed down, according to Trade sources said above Business Line.
Traders in Karnataka are offering their own pepper at the Kochi market for Rs 700 a kg but there are no buyers, they said.
Yesterday, Monday 30/5, 20 tons of pepper were delivered to the futures market, mainly in the High Mountains and the plains of Pathanamthitta district, Kerala state and traded at prices ranging from 690 – 705 lakhs / kg.
The number of pepper held at the exchange's warehouses is allowed to be released further after being processed and supplied for Rs 700 a kg delivered anywhere in India.
Spot price decreased further Rs 200 to Rs 68,800 / quintal for the bucket type (equivalent to US $ 10,249 / ton) and Rs 71,800 / quintal for the semi-processed pepper (equivalent to US $ 10,696 / ton), plummeting to 900 Rupee compared to the middle of the month.
On the IPSTA Spices Association Floor, June, July and August futures contracts remained unchanged at Rs 71,000 / quintal (US $ 10,577 / ton), Rs 70,000 / quintal (US $ 10,428 / ton), and Rs 69,000 / quintal (equivalent to USD 10,279 / ton).
The price of Indian pepper exported was around US $ 11,000 / ton (c & f) for European deliveries and US $ 11,300 / ton (c & f) for US shipments, with a slight adjustment.
Indonesia is said to have started offering Lampung Asta black pepper at $ 9,250 – $ 9,350 per tonne for August / September shipments. Vietnam also offers ASTA black pepper at USD 9,175 – USD 9,275 / ton for July / August contract, while 550 Gr / l-FAQ black pepper is priced at USD 9,050 / ton (fob).
* According to the report of Vietnam's Agriculture and Rural Development sector, the export volume of pepper in May 2016 was estimated at 19 thousand tons, with a value of US $ 171 million, bringing the export volume of pepper in the first 5 months of 2016 to 87 thousand tons and 627 tons. million USD, up 19% in volume but down 7.3% in value over the same period in 2015. Average export price of the first 4 months of 2016 reached 8,110 USD / ton, down 11.8% compared to the same period. period of 2015. The largest pepper export markets of Vietnam in the first 4 months of 2016 were the United States, India, the United Arab Emirates and Germany with 44.39% market share.
* Exchange rate: 1 USD = 67.1257 Rupee
Source English (giacaphe.vn)
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