Login ID:
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

   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 Snapshot MCX - NCDEX
Market Snapshot GLOBEX
Market Snapshot MCX - NCDEX
Market Snapshot MCX - NCDEX
Market Snapshot MCX - NCDEX
Top 5 News
Domestic and Vietnamese Pepper Prices Continue to Decli...
Small Cardamom Prices Continue to Decine
Clove Prices Remained Stable; Imports Declined After Fi...
Market Wise Chana Arrivals: Supply Up By 3.56% Against...
Market Wise Tur Arrivals: Supply Up By 8.39% Against P...
Top 5 Special Reports
Argentina's Currency Market Intervention: Will It Reviv...
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...
Copyright © CC Commodity Info Services LLP. All rights reserved.