(March 16) – The domestic pepper market shows that the trend of supply is becoming easier as the selling power from the farms remains steady. Karnataka pepper is supplied locally for Rs 625 a kg and delivered anywhere in India for Rs 650 a kg, according to market sources. Businness Line.
While Kerala Pepper has been sold by farmers and on-site dealers for Rs 635 / kg for the high quality.
Although yesterday, on 15/3, only 12 tons of pepper was delivered in the futures market and traded at Rs 625-63535 / kg depending on the quality and planting area. Domestic market traders and federal agents bought while exporters with trading companies in producing countries only bought for less than Rs 5 a kg.
Spot prices remained unchanged at Rs 61,800 a quintal (US $ 9,182 per tonne) for pint and 64,800 a quintal (US $ 9,628 per tonne) for processed pepper.
On the IPSTA Spices Association's Floor, the March contract ended the futures trading and closed at Rs 64,000 / quintal (equivalent to USD 9,509 / ton), an increase of Rs 3,500 / quintal compared to the beginning of the month, in when the April contract remained unchanged at Rs 63,500 / quintal (equivalent to USD 9,435 / ton).
Export prices of India, MG1 special type, were 9,675 USD / tonne (c & f) delivered to Europe and 9,925 USD / tonne (c & f) for the US, an increase of 200 USD compared to the beginning of the month, mainly due to the VND exchange rate. Rupee surged again.
The report from abroad also said that Vietnamese pepper is now easier to buy because the leading pepper producing country farmer is harvesting the new crop with an estimated 135,000 – 140,000 tons, slightly higher than the previous one. little.
* According to a report of the General Department of Vietnam Customs, the export in February 2016 reached 10,304 tons of pepper of all kinds, with a turnover of US $ 87.59 million, up 9.5% in volume and up 2.0% in terms of value over the previous month but down 8.7% in volume and down 12.2% in value over the same period last year. The average export price in the period reached 8,500 USD / ton, down 6.79% compared to the average export price of January 2016.
* Exchange rate: 1 USD = 67.3040 lakhs
Source English (giacaphe.vn)
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