(04/11) – Market activities continue to be limited due to the absence of sellers while buyers continue to source goods, especially high quality pepper, according to Business Line.
Yesterday, Tuesday 03/11, on the spot market recorded 8 tons of pepper were traded at Rs 685 / kg. While buyers are willing to buy high density bulk pepper at Rs 685 / kg, and the Rajkumari area (Idukki district) even costs Rs 690 / kg but there is no seller.
Local dealers said the sellers were very limited as they were in the middle of a crop and farmers in the growing areas were also preparing to enter a new harvest.
Spot pepper prices have increased by Rs 400 compared to the end of October, to Rs 66,100 / quintal (US $ 10,086 / ton) for shovel and 69,100 Rs / quintal (US $ 10,544 / ton). for semi-processed pepper.
On the IPSTA Spices Association's Floor, the November, December and January futures contracts increased by Rs 1,000 to Rs 71,000, Rs 69,000 and Rs 65,500 (USD 10,834). / ton, USD 10,528 / ton and USD 9,994 / ton).
Export prices of Indian pepper are now at US $ 11,050 / ton (c & f) for Europe and US $ 11,300 / ton to the US, an increase of US $ 500 from a month earlier, and still higher than the price of origin pepper. other origin.
Sri Lanka pepper delivered at Kochi was also informed at USD 9,650 / ton for the 525 Gr / l grade and at USD 9,700 – 9,800 / ton for the 550 Gr / l grade.
* According to the report of Agriculture and Rural Development of Vietnam, the export volume of pepper in October 2015 was estimated at 6 thousand tons, with a value of US $ 62 million, bringing the export volume of pepper in the first 10 months of 2015 to 117 thousand. tons with a value of 1.11 billion USD, down 19.6% in volume but increased by 0.5% in value. The average export price of pepper in the first 9 months of 2015 reached US $ 9,472 / ton, up 25.3% over the same period in 2014. The largest pepper export markets of Vietnam are the United States and the United Arab Emirates. Thong Nhat and Singapore with 37.03% market share. The markets with strong growth values are Germany (38.16%), South Korea (33.11%), Spain (29.37%) and the UK (23.95%).
* Exchange rate: USD 1 = Rs 65,5369
Source English (giacaphe.vn)
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