(February 4) – Spot prices immediately hit a new high yesterday, Monday 3/2. Pepper futures market prices on the National Commodity Exchange also increased.
Export prices for pepper are also increasing, market sources said Business Line know.
Domestic demand in India is very strong in the context of tight availability of goods which has pushed up prices. Only 9 tons of farm grade pepper were brought in and 11 tons of pepper were traded. Domestic demand has been bought directly from major markets on the basis of cash and self-transport. Pepper in the highland area was traded at Rs 535 / kg, while pepper in the other regions was at Rs 520 / kg and higher.
Indian specialty pepper on the world market increased to USD 9,000 / ton (c & f) for Europe and USD 9,250 / ton (c & f) for the US. Indian pepper is still completely higher than other origins.
Spot prices jumped to Rs 500 a quintal yesterday to close at Rs 52,200 a quintal (US $ 8,341 per tonne) for pint and 54,200 Rs / quintal (US $ 8,661 / ton) for the selected grade. thanks to strong demand amid tight supply. (1 USD = Rs 62,5825)
Source Giacaphe.vn
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