Black pepper grade 500g Gr / l-FAQ of our country is currently at 6,300 USD / ton and 550 Gr / l-FAQ grade at 6,600 USD / ton, white pepper of DW630 Gr / l offered at USD 9,650 / ton, (FOB- HCM).
Information The Indian Government requested the Commission of the Indian Futures Market to report, determine whether excessive speculation manipulated the prices of agricultural commodities, to consider whether to suspend further trading orders. Some essential agricultural products including pepper. This move made the Indian futures market softened.
It is known that on March 26, the Indian government removed guar gum from the futures market due to the declining production of guar gum while prices kept rising, exceeding the endurance level. of the public.
However, it seems that this move is just a reminder, so the term pepper market also warmed up, the price has dropped but mainly because the Indian Rupee exchange rate dropped sharply against the USD.
Indian pepper price in the international market increased slightly to USD 7,550 / ton (C&F) for the European market and USD 7,850 / ton (C&F) for delivery to the US market, up USD 50.
Vietnam pepper price increased by the end of the week but it also leveled off earlier this week. Black pepper grade 500g Gr / l-FAQ at USD 6,300 / ton and 550 gr / l-FAQ grade USD 6,600 / ton, while black pepper grade 550 Gr / l-Asta offered USD 6,950-7,000 / ton and pepper. white DW630 Gr / l offered at USD 9,650 / ton, (FOB-HCM).
At that time, Brazilian black pepper of Bra-Asta price of US $ 7,000 / ton and B1 grade 560 Gr / l of pepper cost 6,850 USD / ton (FOB-Belem)
Ending the afternoon session on Wednesday, 25 April, futures price on NCDEX in Kochi-India increased sharply. May, June and July terms increased by Rs 545, Rs 285 and Rs 220 to Rs 38,650 a quintal, Rs 39,030 a quintal and Rs 39,400 a quintal, equivalent to USD 7,359 per ton, USD 7,431 per ton and 7,502. USD / ton, (1 USD = 52.5237 Rupees).
Spot prices increased marginally Rs 300 to Rs 37,300 a quintal, equivalent to US $ 7,102 per ton for pail and Rs 38,800 a quintal, or US $ 7,387 per ton for MG1 selected.
On SMX in Singapore, the price of pepper delivered in May decreased by 37 USD to 6,429 USD / ton and June delivery also dropped by 160 USD to 6,318 USD / ton.
This morning April 26, domestic black pepper prices were unchanged. Specifically, in Ba Ria – Vung Tau cost 126 thousand VND / kg, in Binh Phuoc and Dak Lak – Dak Nong price 123 thousand VND / kg and Gia Lai price 122 thousand VND / kg.
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Source TTVN / CafeF
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