Commercial activities after the festive season continue to be limited because the supply is still tight. While black pepper is currently trading on the market allegedly originating from the number of contaminated pepper oil allowed to release mixed with the material of the new crop, according to market sources on Business Line..
The spot market for pepper has remained stable over the past few days due to limited commercial activities. However, the domestic market is still operating with increasing requirements.
On Friday, on August 14, 10 tons of pepper were traded in the futures market at Rs 635 a kg.
Contracts on the IPSTA Spice Association both increased by Rs 500. Specifically, the contract for delivery in August increased to Rs 67,000 / quintal (equivalent to $ 10,288 / ton), and the contract for delivery in September increased to Rs 67,500 / quintal (equivalent to $ 10,655 / ton).
Spot prices of pepper remained unchanged at Rs 62,000 / quintal (US $ 9,520 / ton) for the pint and 65,000 Rs / quintal (US $ 9,981 / ton) for processed pepper.
Export prices of Indian specialty pepper remained at US $ 10,700 per tonne (c & f) for European deliveries and US $ 10,950 per tonne (c & f) for US shipment.
Sri Lanka pepper prices continued to fall slightly, with black grade 525 – 530 Gr / l at $ 8,900 / ton (fob) and $ 8,950 / ton (c & f) delivered at Kochi, trade sources said.
Meanwhile, Indonesia raised the price of Asta pepper to US $ 10,250 / ton (fob), while Vietnamese black pepper was also reported to increase slightly to US $ 10,150 / ton (fob).
Brazilian black pepper of Asta grade is sold at 9,500 USD / ton (fob), while B1 – 560 Gr / l and B2 – 550 Gr / l are priced at 9,400 USD / ton and 9,200 USD / ton (fob). ).
In general, export prices of all origins increased by US $ 100 – 150 / ton in the past week.
* According to the report of Vietnam General Department of Customs, the export in July 2015 reached 9,425 tons of pepper of all kinds, with a value of US $ 94.55 million, down 32.4% in volume and down 30.2%. in value compared to the previous month and down 21.7% in volume but increased by 0.3% in value over the same period last year. The average export price in the period reached 10,032 USD / ton, up 3.18% compared to the average export price of June 2015.
* Exchange rate: 1 USD = 65.1227 Rupees
Source English (giacaphe.vn)
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