After days of lull due to the Diwali festival, the year-end pepper market was soon exciting. Domestic traders and leading exporters have begun promoting transactions across the domestic markets during periods of high demand for the upcoming winter and New Year, according to the report. Business Line.
Yesterday Tuesday, November 17, exporters bought directly from dealers 50 tons of pre-processed pepper at Rs 710 / kg.
There are also 21 tonnes of pepper from the Pulpally, Bathery plains and from the High Mountains of Wayanad district in Kerala sold for Rs 690 – Rs 715 per kg.
Rajkumari pepper area (Idukki district, Kerala) was also reported to be trading at Rs 715 a kg.
Spot prices were stable at Rs 69,000 / quintal (US $ 10,450 / ton) for the pint and 72,000 Rs / quintal (US $ 10,905 / ton) for the semi-processed type, an increase of Rs 3,000 compared to the previous one. the first day of the month.
On the floor of IPSTA Spices Association, November and December maturities remained stable at Rs 72,000 / quintal (equivalent to US $ 10,905 / ton).
Export price of MG1 special Indian pepper was at 11,300 USD / ton (c & f) for delivery to Europe and 11,550 USD / ton (c & f) to the US, up 250 USD / ton compared to the previous two weeks.
Indonesian and Vietnamese pepper were offered at US $ 9,900 a tonne while Brazil and Sri Lanka pepper were offered at US $ 9,500 per tonne.
Thus, Malabar pepper continues to be at a very high level, compared with all other pepper manufacturers are below $ 10,000 / ton.
* According to a report of the General Department of Vietnam Customs, the export in October 2015 reached 7,069 tons of all kinds of pepper, with a turnover of US $ 72.96 million, down 5.7% in volume and down 4.5%. in value compared to the previous month, and down 18.8% in volume but increased 1.4% in value over the same period last year. The average export price in the period reached 10,321 USD / ton, up 1.24% compared to the average export price of September 2015.
* Exchange rate: 1 USD = 66.0268 rupees
Source English (giacaphe.vn)
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