Pepper prices continued to decline due to new season sales pressure while export prices were still higher than other origins, according to the report. Business Line.
The new crop has now been harvested in Kottayam, Pathanamthitta, Kollam and High Mountains ranges in Kerala state, local agents said. Spot delivery is also quite easy at a price of Rs 630 – 640 / kg.
The reason for the fall in pepper prices was due to the fact that the new pepper has high relative humidity, while the supply of high quality pepper is still limited, according to long-distance traders.
They also confirmed that pepper at Battery, Pulpally in Wayanad district was traded at 645 – 650 Rs. However, the old pepper price was still traded at 665 – Rs 675 / kg.
Last week, 700 tonnes of allegedly poisoned pepper were cleaned at the Walayar warehouse in Palakkad district, purchased by a company for Rs 700 a kg and more, they added.
Yesterday, Tuesday, December 29, according to traders trading in the spot market, the amount of goods being transferred is increasing day by day. This caused spot prices to continue to drop another Rs 500, to Rs 63,100 / quintal (USD 9,517 / ton) for the bucket type and to Rs 66,100 / quintal (approximately USD 9,970 / ton) for the same grade. preliminary treatment.
On the IPSTA Spices Association Floor, the contracts for January, February and March all simultaneously dropped by another 1,000 Rs / quintal, to stand at Rs 66,000 / quintal (equivalent to USD 9,955 / ton), Rs 59,500 / quintal (equivalent to US $ 8,974 / ton) and Rs 57,000 / quintal (equivalent to US $ 8,597 / ton).
Indian export price of pepper is about 10,300 USD / ton (c & f) for Europe and 10,550 USD / ton (c & f) for goods to the US, down 200 USD from the middle of the month, still higher than pepper from origin. other.
* According to the report of Agriculture and Rural Development of Vietnam, the export volume of pepper in December 2015 is estimated at 8 thousand tons, with a value of 72 million USD, bringing the export volume of pepper in 2015 to 135 thousand tons at a price $ 1.26 billion, down 13% in volume but up 5% in value. The average export price of pepper in the first 11 months of 2015 reached 9,335 USD / ton, an increase of 21.5% over the same period in 2014. The largest export markets of Vietnam are the United States and the United Arab Emirates. Thong Nhat and Singapore with 35.87% market share. The markets with strong growth values are Germany (35.51%), South Korea (32.73%), Spain (31.18%) and the UK (30.25%).
* Exchange rate: USD 1 = Rs 66,2994
Source English (giacaphe.vn)
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