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
Clove Prices Continue to Trade Higher; Lower Imports in...
Domestic and Vietnamese Pepper Prices Continue to Rise
Turmeric Spot Prices Remained Stable to Weak; NCDEX Fut...
Mixed Trend Observed in Coriander Spot Prices
Cumin Spot Prices Decline, Futures Rise
more
Top 5 News
Solapur Pulse Market Sees Surge in Tur and Chana Prices...
Clove Prices Continue to Trade Higher; Lower Imports in...
Domestic and Vietnamese Pepper Prices Continue to Rise
Weaker Dollar Boosts Sugar Prices; Brazilian Production...
ICE Cotton Prices Dip Ahead of Holiday, But Posts Weekl...
Top 5 Special Reports
US Soybean net sales for May 10-16 at 279,400 MT, up 5 ...
US Cotton net export sales for May 10-16 at 202,900 RB,...
Pea (Matar) Kanpur U.P. Line Counter-trend Rally / Nex...
Deesa Castor Seed (Plant) Trending Lower / Next Suppor...
Sunflower Refined Oil (AP) Inflection Point: Trading N...
Copyright © CC Commodity Info Services LLP. All rights reserved.