Login ID:
Password:
Partner Login
Contact Us : 7066511911

Pepper Prices Rise in Domestic Markets; Vietnam Remains Stable

4 Oct 2023 10:41 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 
Mumbai, 04 Oct (Commoditiescontrol):In a continuing trend, domestic pepper prices in major markets of India have once again seen a hike. For the third consecutive session, prices in Kerala, a significant hub for spice trade, went up slightly, buoyed by robust demand at lower price levels.

In Cochin, the current rates for both garbled and ungarbled pepper are reported at Rs 62,900 and Rs 60,900 per quintal, respectively. This represents an uptick, albeit marginal, in the value of this much-sought-after spice.

On the other hand, the neighboring state of Karnataka also reported a stable trend in pepper prices, mirroring the previous session's statistics. In major market areas like Kushalnagar and Chikamagalore, the rates fluctuated between Rs 61,600 and Rs 62,200 per quintal. The overall surge across the major markets was noted to be between Rs 100-200 for each quintal.

Internationally, Vietnam, a significant pepper producer, reported stable prices for the second consecutive session, ranging between VND 69,000 and 72,000 per kilogram. Exceptional crop conditions in Vietnam, coupled with improved crop health in India, are projected to influence prices shortly.

In the global arena, FOB prices for black pepper from most major origins held their ground. The only exception was Indonesia, which saw a dip in its prices.


**Domestic Quotes (INR/Qtl):** - Kochi Ungarbled: Rs 60,900 - Kochi Garbled: Rs 62,900 - Kushalnagar: Rs 61,900-62,200 - Chikamagalore: Rs 61,600-61,800

**FOB Quotes for Black Pepper:** - Brazil ASTA (USD/MT): $3,150 - Vietnam 500gl (USD/MT): $3,500 - Vietnam 550gl (USD/MT): $3,600 - Indonesia ASTA (USD/MT): $4,166 - Malaysia (Ringgit/MT): 4,900




(By Commoditiescontrol Bureau; +91-9820130172)


       
  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
Long/Short Quantity Position In NCDEX Castor seed on 7t...
Soy Oil Rallies as Argentina's SoyDollar Scheme Nears E...
NCDEX Stock position of commodities at NCCL approved wa...
DCE Oil Complex Mid Day Closing 08 Dec 2023
Govt Revised Custom Ex. Rate of USD to Rs 84.30 from Rs...
more
Top 5 News
Long/Short Quantity Position In NCDEX Castor seed on 7t...
Copper Prices Climb on Strong Chinese Export Data, Sign...
Soy Oil Rallies as Argentina's SoyDollar Scheme Nears E...
NCDEX Stock position of commodities at NCCL approved wa...
DCE Oil Complex Mid Day Closing 08 Dec 2023
Top 5 Special Reports
US cotton net export sales for Nov 24-30 at 116,400 RB,...
US soybean net sales for Nov 24-30 at 1,517,600 MT, dow...
Desi Moong (Jaipur) Trading Near Key Support (Rs. 8,3...
Rajkot Groundnut Oil Loose Correction Underway / Next...
Baltic Dry Index Soars to 18-Month High Amid Global Shi...
Copyright © CC Commodity Info Services LLP. All rights reserved.