(30/9) -While there has been a delay in the futures and spot market, the mismatch between supply and demand is likely to keep companies or markets stable at least for to the end of this year. However, dealers in Tamil Nadu have covered prices from the high mountains of Kerala.
During the week, some of Kerala pepper, mainly of low density, is also being traded at current prices.
The source of goods transported in the domestic market continues to be in short supply due to the subsidized agents to meet the immediate needs because of the high cost of inventory from Karnataka, related to low-cost consumption of Rs 400 – Rs 405. / kg delivered anywhere in the country.
Last week, contracts were trading on the NMCE up. October and November contracts increased by Rs 582 and Rs 51 respectively with the final trading price (LTP) of Rs 43,490 / kg and Rs 43,500 / kg (equivalent to USD 6,958 / ton and USD 6,960 / ton). (1 USD = Rs 62.5025)
Total turnover dropped by 14 tonnes to 172 tonnes. Total open interest dropped by 19 tonnes to 20 tonnes.
Spot prices eased by Rs 200 to close at Rs 40,100 / quintal (US $ 6,416 / ton) for all types of pepper and Rs 42,100 / quintal (US $ 6,736 / ton) for the selected type.
Indian parity in the international market was almost stable at US $ 7,125 per tonne (c & f) for Europe and US $ 7,375 per tonne (c & f) for the US and remained competitive. .
S Kannan, executive director of the International Pepper Association (IPC) based in Indonesia, said that since Vietnam exported more than 100,000 tons of pepper in the first eight months of 2013, with pepper production. Lampung is lower, along with limited Indonesian inventory and Brazil's production report this year at an average level, “pepper supplies will not improve between September and December 2013. Stability. of pepper prices during the year helped local farmers sell their pepper without waiting for higher prices. ”
According to him, black pepper production in Lampung this year is 15,000 tons lower than about 55,000 tons in 2012. Output in Brazil this year is estimated to be normal. In Vietnam, current inventory estimates are limited. Harvest this year is about 118,000 tons, while exports from January to August 2013 are about 100,000 tons.
It is known that Lampong's crop is almost dry and there is no selling pressure from Brazil. Thanks to supportive rains, 2014 production is likely to be better than 2013, so farmers are advised not to keep a lot of inventory this year.
In the upcoming meetings in Kuching, IPC will continue to clearly identify this issue so that conclusions can be reached to influence the pepper industry in general.
He advises farmers to sell pepper this year and carry over their inventory in 2013 and only keep less stock, if preferred.
Source Giacaphe.vn
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