Spot and pepper prices for both futures continued to rise sharply as demand from both exporters and international buyers remained high.
Although the selling pressure of new crop in pepper growing areas is still strong, both spot and export pepper prices continued to increase due to high demand.
Yesterday Monday 25/5, 132 tons of pepper was delivered and was traded whole. It is known that these ingredients come from the Kodagu, Pulpally and Bathery areas of Wayanad district, the High Mountains and the plains of Kerala. Leading export companies have been actively buying. They are also buying directly from major markets in Kerala, the market source said BusinessLine.
News from abroad said Vietnamese and Singaporean exporters said they were offering black pepper grade 550 Gr / l at US $ 10,100 / ton.
Spot prices were stable at Rs 60,000 / quintal (US $ 9,433 / ton) for pint and Rs 63,000 / quintal (US $ 9,9045 / ton) for preliminary processing.
On the IPSTA Spices Association Floor, June, July and August contracts increased by Rs 500 to a high of Rs 63,000 a quintal.
Export price of MG1 Indian pepper is now at 10,400 USD / ton (c & f) for Europe and 10,650 USD / ton for US shipments, up another 400 USD higher than 1 week ago, mainly due to the rise of the Rupee exchange rate. .
* The Indian Spices Council said that in order to increase the competitiveness of Indian pepper in the international market, the Council proposed plans to support farmers to plant tools such as harvesting ladders, tarpaulins, and 1,100 pepper plucking machines to improve post-harvest quality, hygiene, and farmers in the major pepper growing states of this IPC member state in South Asia.
* According to a report of the General Department of Vietnam Customs, exports in the first half of May 2015 reached 8,916 tons of pepper of all kinds, with a turnover of US $ 82.23 million, up 5.93% in volume and 30, 85% in value compared to the same period last year. The average export price during the period reached USD 9,222 / ton, up 3.73% compared to the average export price of the previous month.
* Exchange rate 1 USD = 63.6076 lakhs
Source English (giacaphe.vn)
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