(August 18) – Domestic demand for pepper continues to increase. In North Indian markets there is competition between Kamataka pepper and imported pepper being offered at low prices, according to the report. Business Line.
Pulpally and Bathery pepper in Wayanad – Kerala district were traded at Rs 490 / kg but the supply was limited. While Kamataka pepper is offered in the Northern markets at Rs 475 – 480 480 / kg and imported pepper is offered at 455 – 460 Rs / kg, a difference of 20 Rup / kg.
However, the quantity of good quality pepper being put into business is very limited and the current number of imported pepper is not much.
Yesterday, Thursday, August 17, Spot price of pepper increased by Rs 200, to Rs 48,400 / quintal (USD 7,538 / ton) for pint and 50,400 Rs / quint (USD 7,850 / ton) for preliminarily processed pepper.
On the NCDEX commodity floor, September delivery increased by Rs 570 to Rs 48,470 / quintal and October delivery increased by Rs 450 to Rs 48,450 / quintal (equivalent to USD 7,549 / ton and USD 7,546 / ton). .
According to statistics from the floor, futures prices have almost grown continuously due to a significant increase in open interest. And this, coupled with limited domestic supply, has helped the spot price to increase continuously since the restart of the NCDEX pepper trading floor 24/7 today.
The export price of Indian pepper, grade MG1, was US $ 8,125 / ton for European deliveries and US $ 8,350 / ton for delivery in the US.
* According to a report of the General Department of Vietnam Customs, the export in July 2017 reached 21,536 tons of pepper of all kinds, with a turnover of $ 96.69 million, down 5.8% in volume and down 10.4% in volume. The value against the previous month increased by 22.4% in volume and decreased by 17.3% in value over the same period last year. The average export price in the period reached US $ 4,490 / ton, down 1.69% compared to the average export price of July 2017. In the first 7 months of 2017, Vietnam exported 147,388 tons of pepper of all kinds, with a total export turnover of US $ 809.28 million.
* Exchange rate 1 USD = 64.204 lakhs.
Source English (giacaphe.vn)
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