Login ID:
Password:
Partner Login
Contact Us : 7066511911

Uptrend Continues In Spot Pepper On Supply Squeeze

23 Jul 2019 6:24 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

MUMBAI (Commoditiescontrol) – Uptrend continued in the spot pepper on Tuesday following a supply squeeze due to sellers withdrawal from the markets.

"No sellers were forthcoming", market sources said.

On the terminal market 12 tonnes of pepper arrived today. Of thi
s 5 tonnes were from the plains and that were traded at Rs 325 a kg while 7 tonnes from the high ranges were sold at Rs 340 a kg. Interstate dealers have bought it.

Spot prices increased further by Rs 100 a quintal to close at Rs 33,600 (ungarbled) and Rs 35,600 (garbled) a quintal.

Trade sources claimed that during May and June 180 tonnes of pepper from Sri Lanka had arrived in India as Sri Lankan pepper imported by a single Indian importer. According to them more such consignments are expected in July/August.

Indian parity in the international market was at $5,400 a tonne c &f for Europe and $5,650 a tonne c & f for USA.

(By Commoditiescontrol Bureau)


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
Spot Pepper Moves Up On Supply Squeeze
Spot Red Chilli Prices Continue To Remain Stable
Spot Coriander Prices Remain Steady
Spot Jeera Prices Rule Stable In Limited Trade
Spot Turmeric Up At Nizamabad; Flat At Other Markets
more
Top 5 News
Cotton Rules Steady To Firm In Central, South India Ami...
Canada/Ukraine White Pea Settles Weak In Mumbai
Cotton Slightly Up In North On Positive Global Cues
Tur, MP Origin Moong Firm In Delhi; Urad Weakens
India 2019-20 Kharif Oilseeds Sowing Status As On Aug 1...
Top 5 Special Reports
Tur Prices May Move Up From Current Level
India's Vegetable Oil Import Up 26% YoY In July At 14.1...
USDA Revises Down 2019-20 Global Cotton Production Esti...
Weekly ICE Sugar: Prices End Down Led By Weaker Crude O...
Weekly: ICE Cotton Ends Down On Worsening US-China Trad...
Copyright © CC Commodity Info Services LLP. All rights reserved.