The trend of Indian pepper price continued to increase strongly yesterday, Thursday 9/10, due to strong domestic demand amidst tight supply.
Merchants in Karnataka reportedly supplied pepper from the Erode district of Tamil Nadu state, 500 Gr / l, at Rs 715 / kg while it was being supplied to Delhi market at Rs 720 / kg.
Buyers are looking for MG1 pepper at Rs 725 / kg.
According to market sources for Business Line It is known that industry and local traders are buying pepper from the High Mountains at Rs 710 / kg, while dealers in Wayanad district have delivered pepper from Erode at Rs 725 / kg.
Local prices in Karnataka also increased to Rs 695 a kg.
On the pepper market of IPSTA Spices Association, no stock was traded and no customers traded.
Spot prices increased by Rs 500 to Rs 67,800 a quintal (US $ 11,013 per tonne) for shovels and at Rs 70,800 a quintal (US $ 11,501) per option.
Export price of MG1 is at 12,050 USD / ton (c & f) for goods going to Europe and at 12,300 USD / ton (c & f) for goods going to the US.
* (Exchange rate: USD 1 = Rs 61.5617)
Source English (Giacaphe.vn)
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