Spot prices increased again due to strong demand from leading exporters for high-grade pepper. While the current wet weather in major pepper areas has led to an increase in the cost of primary processing machinery, market sources said. Business Line.
Domestic buyers in the northern states are waiting for pepper “Allegedly contaminated mineral oil” was released at a more affordable price.
The price of pepper increased to Rs 655 – 660 Rs. Pepper of Wayanad district in Kerala was offered at Rs 637 – 638 / kg and pepper in the High Mountains was sold at Rs 645 – 650 Rs, while Coorg pepper was offered at Rs 630 / kg. and cash transactions at the facility.
Sri Lanka pepper caps of type 500 Gr / l and 550 Gr / l are provided across the border with the price of 9,500 USD / ton and 9,700 USD / ton.
Vietnamese pepper was reported at US $ 9,700 per tonne for black pepper and US $ 13,500 per ton for white pepper.
Yesterday, Wednesday, July 22, 42 tonnes of pepper were traded in the futures market.
Spot prices increased by Rs 500 to Rs 62,500 a quintal (US $ 9,837 per tonne) for pail and 65,500 Rs / quintal (US $ 10,309 per ton) for pre-processed grades.
On the IPSTA Spices Association Floor, August and September contracts remained unchanged, respectively at Rs 66,500 / quintal (US $ 10,467 / ton) and Rs 66,999 / ton (US $ 10,545 / ton).
Export prices of Indian pepper remained stable at US $ 10,750 per tonne (c & f) for European deliveries and US $ 11,000 per tonne (c & f) for US shipments, but slightly decreased by US $ 200 compared to the beginning of the month.
* According to a report of the General Department of Vietnam Customs, the export in June 2015 reached 13,934 tons of pepper of all kinds, with a value of US $ 135.48 million, down 25.4% in volume and 22.1% down in volume. in value over the previous month and down 20.4% in volume but up 3.4% in value over the same period last year. The average export price in the period reached 9,723 USD / ton, up 4.46% compared to the average export price of May 2015.
* Exchange rate: 1 USD = 63.5339 Rupees
Source English (giacaphe.vn)
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