login_img.jpg
Login ID:
Password:
Partner Login
Contact Us : 7066511911

Domestic Pepper Prices Surge; Vietnamese Prices Decline

16 Apr 2024 9:08 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai, April 16 (CommoditiesControl): Domestic pepper prices in major Indian markets continued their upward trajectory, witnessing an additional increase of Rs 200-300 per quintal. Prices have surged by nearly Rs 6,000 per quintal since the recent low, driven by robust domestic demand. Export demand has also seen an uptick in recent weeks, spurred by a significant narrowing of the price gap between India and other countries.

In Cochin, garbled pepper is priced at Rs 57,900 per quintal, while ungarbled pepper stands at Rs 55,900. Prices in Karnataka ranged from Rs 55,800 to Rs 58,000 per quintal.

Conversely, Vietnamese pepper prices remained low, experiencing a decline of VND 500 per kg and trading between VND 89,000 and 89,500 per kg compared to the previous session. Prices are anticipated to remain under pressure as arrivals peak. Global Free on Board (FOB) prices from major origins were reported to be stable.

The limited export parity between domestic and Vietnamese prices is likely to constrain further price increases in the domestic market unless Vietnamese prices start to rise.

Domestic Quotes (INR/Qtl)
- Kochi Ungarbled: 55,900
- Kochi Garbled: 57,900
- Kushalnagar: 55,800-57,800
- Chikamagalore: 55,800-58,000

FOB Quotes - Black Pepper
- Brazil ASTA (USD/MT): 4,450
- Vietnam 500gl (USD/MT): 4,200
- Vietnam 550gl (USD/MT): 4,300
- Indonesia ASTA (USD/MT): 4,463
- Malaysia (Ringgit/MT): 4,900







(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 :  
   

Post Comment  

Latest Market Commentary
Market Wise Urad Arrivals: Supply Down By -32.95% Again...
Market Wise Tur Arrivals: Supply Down By -12.63% Agains...
Market Wise Moong Arrivals: Supply Down By -8.66% Again...
Market Wise Chana Arrivals: Supply Down By -4.01% Again...
Market Wise Matar Arrivals: Supply Down By -29.38% Agai...
more
Top 5 News
DCE OIL COMPLEX EVENING CLOSING 21 MAY 2024
ZCE COTTON AND YARN EVENING CLOSE 21 MAY 2024
Market Wise Urad Arrivals: Supply Down By -32.95% Again...
Market Wise Tur Arrivals: Supply Down By -12.63% Agains...
Small Cardamom Prices Surge as Arrival Tops 1.0 Lakh kg...
Top 5 Special Reports
Sunflower Refined Oil (AP) Inflection Point: Trading N...
Black Matpe (Urad) SQ Chennai Trending Higher / Next R...
Weekly: ICE sugar futures under pressure as Brazilian p...
Weekly: ICE cotton prices maintain weak stance amid slo...
Jaipur Mustard Seed Signs of a Bullish Reversal / Next...
Copyright © CC Commodity Info Services LLP. All rights reserved.