Last week, pepper prices tended to mixed in the futures market, while weakening in the spot market due to limited activities.
The selling pressure was not much, while the buying activity slowed down. Investors are trying to sell shipments issued from the warehouse for Rs 510 a kg, and buyers pay Rs 505 a kg.
In the spot market, new pepper was traded at Rs 488 – 508 / kg. Pepper from the southern districts of Kerala was priced at Rs 475 – Rs 485 per kg while pepper from the mountain ranges cost Rs. 495 – Rs 500 per kg last week.
Indian domestic demand is estimated at 4,000 – 5,000 tons a month and is met by direct supply in major markets on a cash and self-transport basis.
Federal agents, based in Tamil Nadu and Wayand districts of Kerala state, have covered and supplied to the northern Indian market, while some pepper from Kerala was sent by rail.
On NMCE last week, February contract increased by Rs 253 to Rs 51,320 / quintal (equivalent to US $ 8,317 / ton), March contract fell by Rs 350 to Rs 51,650 / quintal (equivalent to US $ 8,385 / ton). Total turnover during the week decreased by 75 tonnes to close at 40 tonnes. (1 USD = 61,5986 Rupees)
On IPSTA, February contract increased by Rs 4,392 to Rs 50,910 / quintal ($ 8,265 / ton).
Spot prices fell by Rs 100 to close at Rs 48,800 a quintal (US $ 7,922 per tonne) for pail and Rs 50,800 a quintal (US $ 8,247 per tonne) for the selected type, in the context of activities. limited action.
The export price of India last week was at 8,500 USD / ton (c & f) in Europe and 8,750 USD / ton (c & f) for the US and still paying the price.
According to the International Pepper Association (IPC), prices have fallen in the first half of this month.
Recently, pepper in Vietnam has begun to harvest, which seems to be one of the reasons why pepper prices tend to fall on the prediction of the number of leading new crop. However, the number of new crop is expected to increase sharply from mid-February after the Lunar New Year.
Source Giacaphe.vn
Source link
