Our country’s 500g Gr/l-FAQ black pepper is currently at $6,300/ton and 550 Gr/l-FAQ at $6,600/ton, DW630 Gr/l white pepper is offered at $9,650/ton, (FOB- Ho Chi Minh City).
Information The Government of India has requested the Futures Market Commission of the country to report and determine whether excessive speculation has manipulated prices of agricultural commodities, to consider whether to issue an order to stop trading further. some essential agricultural products including pepper. The move caused the Indian futures market to calm down.
It is known that on March 26, the Government of India removed guar gum from the futures market due to the declining production of guar gum beans while the price kept increasing, beyond the tolerance. of the public.
However, it seems that this move is just a reminder, so the pepper futures market has also warmed up, prices have dropped, but mainly because the exchange rate of the Indian Rupee has declined quite strongly against the USD.
Indian pepper prices in the international market increased slightly to $7,550/ton (C&F) for the European market and $7,850/ton (C&F) for delivery to the US market, an increase of $50.
Pepper prices in Vietnam last week increased quite well but at the beginning of this week also slowed down. Black pepper grade 500g Gr/l-FAQ at $6,300/ton and grade 550 Gr/l-FAQ at $6,600/ton, while black pepper grade 550 Gr/l-Asta offered at $6,950-7,000/ton and pepper white grade DW630 Gr/l offered at $9,650/ton, (FOB-HCM).
At that time, Bra-Asta Brazilian black pepper was priced at USD 7,000/ton and B1 grade 560 Gr/l was priced at USD 6,850/ton (FOB-Belem).
At the end of the Wednesday afternoon session on April 25, pepper futures on NCDEX in Kochi-India had a strong increase. The terms of May, June, and July increased by Rs 545, Rs 285 and Rs 220, respectively, to Rs 38,650 per quintal, Rs 39,030 per quintal and Rs 39,400 per quintal, equivalent to $7,359 per ton, $7,431 per tonne and 7,501 USD/ton, (1 USD = 52.5237 Rupees).
Spot pepper price increased slightly by Rs 300 to Rs 37,300/quintal, equivalent to USD 7,102/ton for bucket pepper and Rs 38,800/quintal or USD 7,387/ton for selected MG1.
On the SMX exchange in Singapore, the price of pepper for May delivery fell by 37 USD to 6,429 USD/ton and for June delivery also decreased by 160 USD to 6,318 USD/ton.
This morning, April 26, the domestic price of black pepper bucket remained unchanged. Specifically, in Ba Ria – Vung Tau the price is 126,000 VND/kg, in Binh Phuoc and Dak Lak – Dak Nong the price is 123,000 VND/kg and Gia Lai price is 122 thousand VND/kg.
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