Spot prices of pepper remained stable despite tight supply. However, buyers are currently interested in seeking lower grade pepper.
While most of the current traded pepper is from Karnataka, which is mixed with Kerala pepper, trade sources revealed that BusinessLine.
Yesterday, Tuesday, June 15, 46 tonnes of pepper were delivered to the futures market and all were traded at Rs 630-640 per kg. Rajkumari pepper (Idukki district) was traded at Rs 645 / kg while pepper in the High Mountains was sold at Rs 640 / kg and pepper in Pulpally and Battery (Wayanad district) was sold at Rs 630 – 635 Rs / kg. Preliminarily processed pepper is offered by the crushing pepper producer at Rs 630 a kg.
Spot prices were stable at Rs 62,000 per quintal (US $ 9,685 per tonne) for pint and 65,000 rupees per quintal (US $ 10,153 per tonne) for pre-processed grades.
On the IPSTA Spices Association's Floor, June, July and August futures contracts dropped by Rs 1,000 a quintal, and stood at Rs 65,506 a quintal ($ 10,232 per tonne).
Indian export prices increased to US $ 10,500 per tonne (c & f) for European deliveries and US $ 10,750 per tonne (c & f) for US shipments, a slight increase of US $ 50 per tonne from the previous week, mainly due to VND. Rupee strengthened.
* According to the report of Vietnam General Department of Customs, export in May 2015 reached 18,688 tons of pepper of all kinds, with a turnover of 173,943 million USD, up 13.9% in volume and 13.9% in price. value over the previous month and down 21.9% in volume but up 2.7% in value over the same period last year. The average export price during the period reached USD 9,308 / ton, down 0.01% compared to the average export price of April 2015.
* Exchange rate 1 USD = 64,0177 Rupees
Source English (giacaphe.vn)
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