Mumbai, December 10 (CommoditiesControl): Pepper prices in India’s major markets have maintained an upward trend, with an additional rise of ₹100 per quintal reported today. The announcement of a delay in harvesting by 15-20 days due to excessive rainfall has significantly influenced the market, resulting in a cumulative increase of ₹2,300 per quintal.
In Kochi, ungarbled pepper is priced at ₹64,400 per quintal, while garbled pepper fetches ₹66,400 per quintal. The price for 500 GL pepper stands at ₹63,200. Karnataka markets, including Kushalnagar and Chikmagalur, reported prices ranging between ₹64,200 and ₹66,500 per quintal. Farmers remain optimistic about a favorable harvest season despite the delay, citing suitable agricultural conditions.
On the global front, Vietnam’s pepper prices recovered slightly after a drop last week, with prices in key provinces rising by VND 2,000 to range between VND 142,000 and VND 143,000 per kg. Limited supply from stockists and farmers, coupled with a 15-20 day delay in harvest, has driven this recovery. FOB prices in Vietnam rose by 16%, with 500 GL priced at USD 6,300 per MT and 550 GL at USD 6,600 per MT.
Prices in other origin countries, including Brazil and Indonesia, remained stable. Indonesia’s ASTA pepper is priced at USD 6,883 per MT, and Malaysia quotes a high of MYR 8,200 per MT. However, with harvesting expected to begin next month, market participants anticipate potential pressure on prices.
Kochi Prices (₹ per quintal):
- Ungarbled: ₹64,400
- Garbled: ₹66,400
- 500 GL: ₹63,200
Karnataka Prices (₹ per quintal):
- Kushalnagar: ₹64,200–₹66,400
- Chikmagalur: ₹64,200–₹66,500
FOB Quotes (USD/MT):
- Brazil ASTA: USD 6,275
- Vietnam 500 GL: USD 6,300
- Vietnam 550 GL: USD 6,600
- Indonesia ASTA: USD 6,883
- Malaysia: MYR 8,200
(CommoditiesControl Bureau; +91-9820130172)
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