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

Domestic and Vietnamese Pepper Prices Remain Stable

18 Jun 2024 9:37 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai, June 18 (Commoditiescontrol): Following a drop in the last 2-3 sessions of the previous week, pepper prices in major domestic markets were reported to be stable as sellers remained inactive. Prices have reached an eight-year high, encouraging stockists to sell their holdings for a profit. According to local traders, farmers and stockists are hesitant to sell, which is driving up spot market prices.

In Cochin, garbled pepper remained stable at Rs 69,600 per quintal, while ungarbled pepper was priced at Rs 67,600 per quintal. In Karnataka, pepper prices ranged from Rs 67,600 to Rs 69,800 per quintal. These prices mark the highest levels seen in eight years.

In Vietnam, pepper prices stabilized after a sharp drop of VND 25,000-28,000 per kg in the previous two sessions. Prices in the major provinces ranged from VND 160,000 to 162,000 per kilogram. Globally, prices stayed mostly stable.

Domestic Quotes (INR/Qtl)
- Kochi Ungarbled: 67,600
- Kochi Garbled: 69,600
- Kushalnagar: 67,600-69,700
- Chikamagalur: 67,500-69,800

FOB Quotes - Black Pepper
- Brazil ASTA (USD/MT): 7,900
- Vietnam 500gl (USD/MT): 8,000
- Vietnam 550gl (USD/MT): 7,800
- Indonesia ASTA (USD/MT): 6,418
- Malaysia (Ringgit/MT): 4,900

As sellers remain inactive and spot prices are driven up by hesitant stockists and farmers, the stability in pepper prices is expected to continue in the short term. The global market also reflects this stability, with prices largely unchanged across major exporting countries.



(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 :  
   

Post Comment  

Latest Market Commentary
APSCSCL Announces Tender for 22,500 MT of Tur Dal for S...
Mumbai Pulse Market Sees Stable to Weak Trend in Pulse ...
Branded Processed Pulses At Mumbai Apmc Market - 13 Jul...
CNF Chennai Port Burma Prices In $ - 13 Jul 2024
Solapur Pulse Market Sees Decline in Tur Prices, Chana ...
more
Top 5 News
Malaysian Crude Palm Oil Futures Decline Amid Weakness ...
Global Market Update: Market Volatility Increases Amid...
Market Snapshot GLOBEX
Market Snapshot MCX - NCDEX
China's Q2 GDP Growth Falls Short at 4.7%
Top 5 Special Reports
Weekly: Sugar Prices Decline Amid Strong Brazilian Outp...
Weekly: Cotton Extend Loss For 7th Week; Bears Tighten ...
USDA lowers 2024-25 global soybean production estimates...
USDA revises 2024-25 global cotton ending stocks estima...
Textile Industry Pins Hopes on Upcoming Union Budget
Copyright © CC Commodity Info Services LLP. All rights reserved.