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Domestic and Vietnamese Pepper Prices Hold Steady in Key Markets

7 Dec 2023 8:55 pm
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Mumbai, December 7 (CommoditiesControl): The domestic pepper prices in Kerala's primary trading hubs has maintained stability for the second consecutive session. In Cochin, the price for garbled pepper stands at Rs 61,600 per quintal, while ungarbled pepper is priced at Rs 59,600.

Meanwhile, major markets in Karnataka are reporting quotes ranging from Rs 59,500 to Rs 60,200 per quintal. The global pepper market is experiencing a downturn, attributed to improved crop conditions in both India and Vietnam.

Pepper harvesting has commenced in certain areas, albeit delayed by 7-8 days, with most regions expected to initiate the process next week. Although rains have hindered this season's harvest, reports indicate favorable crop conditions. Indian pepper production is projected to increase by 2,000 tons from the previous season, reaching an estimated 68,000-70,000 tons this season.

In Vietnam, reports indicate a stabilization in pepper prices following a brief rise over the past 2-3 sessions. The price per kilogram ranges from VND 71,500 to VND 74,500. Despite favorable crop conditions in Vietnam, prices are sustained by a reduced stockpile resulting from increased exports. International FOB prices for major origins remain stable, while Indonesian prices have experienced a decline.

Here are the latest domestic and international pepper quotes:

Domestic Quotes (INR/Qtl):
- Kochi: Ungarbled - Rs 59,600, Garbled - Rs 61,600
- Kushalnagar: Rs 59,400-59,800
- Chikamagalore: Rs 59,600-60,000

FOB Quotes - Black Pepper:
- Brazil ASTA (USD/MT): 3,270
- Vietnam 500gl (USD/MT): 3,700
- Vietnam 550gl (USD/MT): 3,800
- Indonesia ASTA (USD/MT): 3,973
- Malaysia (Ringgit/MT): 4,900

(By CommoditiesControl Bureau; +91-9820130172)

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