Trade in major markets has remained stable, though some have slowed down due to festivals, resulting in lower volumes and a lack of interest, according to Business Line.
On Wednesday, September 23, 9 tonnes of pepper were delivered in the forward market, of which 5 tonnes of high-density pepper were sold at Rs 650 a kg and the remaining pre-processed pepper was sold. sold 640 – 645 lakhs / kg.
Traders in Kerala said pepper in the High Mountains was being sold at Rs 645 per kg delivered at the doorstep of the growers while pepper in the plains was offered at Rs 640 per kg but quantity was very limited. Moreover, the market did not appear interested in buying industrial houses, the domestic demand temporarily subsided due to festivals.
On the floor of IPSTA Spices Association, futures contracts remained stable. October contract stood at Rs 67,000 / quintal (US $ 10,153 / ton), while November and December contracts stood at Rs 67,500 / quintal (US $ 10,229 / ton).
Spot prices remained unchanged at Rs 63,000 / quintal (US $ 9,547 / ton) for the pint and 66,000 Rs / quintal (US $ 10,001 / ton) for processed pepper.
In the international market, Vietnam's pepper prices were stable at US $ 10,500 / ton (c & f) US. Sri Lanka pepper is offering 550 Gr / l for $ 9,500 / ton and 525 Gr / l for $ 9,100 / ton (fob). Indonesian black pepper grade L Asta is priced at 9,700 – 9,900 USD / ton (c & f) US.
Export price of Indian Malabar pepper was at 10,350 USD / ton (c & f) Europe and 10,600 USD / ton (c & f) USA, still maintaining competitiveness.
* According to a report of the General Department of Vietnam Customs, exports in the first half of September 2015 reached 3,262 tons of pepper of all kinds, with a turnover of US $ 33.06 million, down 21.52% in volume and down 13, 87% in value compared to the same period last year. The average export price in the period reached 10,314 USD / ton, up 0.91% compared to the average export price of the previous month.
* Exchange rate: 1 USD = Rs 65.9920
Source English (giacaphe.vn)
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