Indian pepper prices continued their stable trend due to limited trading on both national and regional exchanges. Limited spot pepper also kept the market stable.
Only 2 tonnes of pepper were traded in the April contract on the national exchange, while in the May contract no one placed an order.
Selling pressure did not come from the southern districts of Kerala state, where crops are thought to be growing well. Trends from other regions are similar. Only a very small amount of pepper has been sold from Karnataka state and this is a sign of a crop failure, market sources said. Business Line.
New arrivals continue to be very few. Only 40 tons were traded on the spot at Rs 509 – Rs 525 / kg. At the same time, domestic demand is said to have met. Agents in Tamil Nadu have actively subsidized prices from high mountains on a cash and self-transport basis.
On NMCE, April contract fell 740 lakhs to Rs 53,500 a quintal (approximately 8,734 USD / ton). While on the regional exchange, the terms being traded are unchanged with very little activity. (1 USD = 61.2539 Rupees)
Spot prices were stable at Rs 50,900 / quintal (US $ 8,310 / ton) for the pint and 52,900 Rs / quintal (US $ 8,636 / ton) for the selected type.
Export price of MG1 special pepper was at 8,775 USD – 8,800 USD / ton (c & f) to Europe and 9,025 – 9,050 USD / ton (c & f) to USA.
Giatieu.com
Source Giacaphe.vn
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