Yesterday Wednesday, September 4, pepper prices Hot rise on consumption demand abroad. As a result, futures contracts increased significantly.
A number of reputable businesses ended negotiations with US customers last night for about 6,850 USD / ton, this price combined with tight supply pushed the futures price up today, the source said. market said.
There is interest in buying more for pepper Density 570 Gr / l from the High Mountains. However, the quality of pepper High density types are not up to the prescribed level, they say. Market sources said that pepper Kottayam County is used to mix with pepper premium quality.
Traders that have signed contracts with foreign buyers are in the market looking for supplies.
Dealers from Tamil Nadu have directly bought pepper There is a high density from the door of Idukki growers' farm gate at market maturity, in cash and on-premises basis.
Goods in place, there are 48-50 tons pepper is brought to and traded at 407 – 410 Rs.
The fluctuations of currency exchange rates are affecting the market, making it difficult for exporters to execute signed contracts.
On the NMCE National Commodity Stock Exchange, contracts for September and October increased by Rs 603 and Rs 553, respectively, to Rs 44,813 per quintal and Rs 45,200 per quintal (equivalent to USD 6,698 / ton and 6,756 USD / ton), respectively. (1 USD = 66.9051 Rupees)
Total open interest increased by 6 tonnes to 55 tonnes. Total turnover increased by 20 tonnes to 39 tonnes.
Spot prices remained unchanged at Rs 40,700 a quintal (US $ 6,083 / ton) for the grade pepper buckets and Rs 42,700 a quintal (US $ 6,382 / ton) for the type pepper Choose, on request and deliver accordingly.
Pepper MG1 specialization of India has increased slightly, because the exchange rate of Rupee has increased slightly against the dollar, up to 6,900 – 6,950 USD / ton (c & f).
Source Giacaphe.vn
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