BILLIONpepper trade in Kochi, tmarket transaction pepper India’s main events continued to unfold in silence. Yesterday, only 6 tons of pepper was available transactionaccording to news from Business Line.
Sri Lankan farmers drying new crop of pepper.
The reason for the depression is mainly due to the lack of consensus on the price, and the price gap between the two buyers and sellers is still quite far.
Pepper from Wayanad district, Kerala state is offered to buy at Rs 330/kg while farmers only want to sell at Rs 335/kg. Similar to Idukki pepper, the asking price is Rs 335/kg but the seller wants Rs 340/kg. Therefore, the market recorded not much pepper being traded.
Moreover, the consuming markets reported buying imported pepper and pepper in Karnataka state was cheaper.
Mr. Kishore Shamji, owner of Kishor Spices, based in Kochi, said that the amount of pepper imported from Sri Lanka with a minimum import price (MIP) of Rs 500/kg has not decreased although there have been some objections. This has caused concern in the farming community.
Almost all elected representatives of industry in Parliament have raised the issue, but so far there have been no results, he stressed.
According to the Indian Spice and Pepper Trade Association (IPSTA), pepper traded in the Kochi market is priced at Rs 333/kg of bucket pepper, Rs 350/kg of pre-processed MG1 pepper and Rs 318/kg of pepper. new.
* According to the report of the General Department of Vietnam Customs, exports in the first half of November 2019 reached 7,903 tons of pepper of all kinds, with a turnover of 18.36 million USD, down 25% in volume and down 0.94%. in terms of value compared to the same period last year. The average export price of pepper in the period reached 2,323 USD/ton, down 3.77% compared to the average export price in October 2019. Accumulated in the first 10.5 months of 2019, Vietnam exported 258,133 tons of pepper of all kinds.
*Exchange rate: 1 USD = 71.5478 Rupees.
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