New Delhi, March 26 (Commodities Control): Pepper prices in major domestic markets have witnessed a notable uptrend, driven by robust demand at lower price levels. Reports indicate a significant rise in prices across key regions such as Kerala and Karnataka, reflecting a dynamic market scenario.
In Kerala and Karnataka, pepper prices have surged by Rs 800-1,000 per quintal, underlining the strong demand dynamics at play. However, despite this recent uptick, prices have experienced a substantial decline of nearly Rs 18,000 per quintal from their peak levels, primarily attributed to weakened export demand.
According to market data, garbled pepper prices in Cochin are currently quoted at Rs 52,800 per quintal, while ungarbled peppers are priced at Rs 50,800. Meanwhile, in Karnataka, pepper prices range between Rs 51,000 and Rs 53,000 per quintal, indicating a bullish sentiment prevailing in the region.
Contrastingly, in Vietnam, pepper prices depict a mixed trend, with fluctuations observed across different markets. While some markets report a decline, others register an increase, maintaining prices near a record high of VND 92,500 to 96,000 per kg, reflecting a substantial 35% year-on-year increase. However, market experts anticipate continued pressure on prices as arrivals peak in the region.
On the global front, FOB prices remain relatively stable across various origins, with the exception of Indonesia, where prices have witnessed a sharp increase.
Domestic Quotes (INR/Qtl)
Kochi Ungarbled 50,800
Kochi Garbled 52,800
Kushalnagar 51,200-53,000
Chikamagalore 51,000-52,800
FOB Quotes - Black Pepper
Brazil ASTA (USD/MT) 4,375
Vietnam 500gl (USD/MT) 4,200
Vietnam 550gl (USD/MT) 4,300
Indonesia ASTA (USD/MT) 4,413
Malaysia (Ringgit/MT) 4,900
(CommoditiesControl Bureau; +91-9820130172)
0 Comments 
Post Comment 
