(July 20) – Spot pepper prices continue to be stable amid tight supply and limited activities in the domestic market, according to market sources on Business Line.
After the Muslim fasting month of Ramadan, the Indian pepper market is active again thanks to the good purchasing power of the spice industry and consumers in the northern states.
In particular, 600 Gr/l Rajkumari pepper with a moisture content of 13% was offered at Rs 715/kg but it was also difficult to buy.
Yesterday, Tuesday, July 19, there were 15 tons of pepper from Pulpally and Bathery in Wayanad district – Kerala and 5 tons of pepper in the High Mountains traded at Rs 703-712/kg.
Spot pepper price is currently at Rs 69,600/quintal (equivalent to 10,523 USD/ton) for bucket pepper and 72,600 rupees/quintal (equivalent to 10,976 USD/ton) for pre-processed pepper, down 300 Rs. before.
On the IPSTA Spices Association Floor, the August, September and October contracts remained stable at Rs 72,000/quintal, Rs 71,000/quintal and Rs 69,000/quintal (equivalent to $10,886/ton, $10,735/kg, respectively). tons and 10,432 USD/ton), unchanged from the previous month.
Indian pepper export prices are currently at $11,025/ton (c&f) for Europe and $11,275/ton (c&f) for delivery in the US, down slightly by $50. However, the export price of Indian pepper is still beneficial due to the strengthening of the Rupee exchange rate against the USD
Traders said that Sri Lankan pepper grade 520-525 Gr/l is being offered for sale at Rs 650-675/kg, delivered in Chennai, Tamil Nadu state, and at Rs 675-690/kg, delivered in Delhi. .
*According to the report of the General Department of Vietnam Customs, exports in June 2016 reached 16,618 tons of pepper of all kinds, with a turnover of USD 138.80 million, down 22.2% in volume and 16.2% down. in value compared to the previous month but increased by 22.6% in volume and 6.5% in value over the same period last year. The average export price of pepper in the period reached 8,352 USD/ton, up 7.64% compared to the average export price of May 2016. Accumulated in the first 6 months of 2016, Vietnam exported 106,829 tons of pepper of all kinds, total export value of 863.44 million USD.
*Exchange rate : 1 USD = 66.1417 Rupees
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