Weekly Black Pepper: June 2019 Rainfall Will Be Crucial For Upcoming Price Movements

MUMBAI (Commoditiescontrol) - Since beginning January 2019, Vietnam exported around 9969 MT of pepper to India in which April 2019 accounted for about 2461 MT.

As per the official sources, Vietnam’s pepper exports to Sri Lanka remained nil during April 2019 from where India received pepper illegally.

In India, after a drastic decline in prices a couple of months back, the price of pepper recovered to INR 372 per kg levels at present. June 2019 rainfall is crucial for upcoming price movements.

In short-run, on the lower side, the price of may go up to INR 367 per kg levels and on the higher side, it may touch INR 378 per kg levels. Prices ar the Kochi markets traded higher at INR 372-373/ Kg as compared to INR 367-371/ Kg last week.

Fortnight-wise export of pepper from Vietnam

2019 - Export quantity in MT
Jan 01 – 15 7080
Jan 16- 31 12,247
Feb 01 -15 3599
Feb 16- 28 13,376
Mar 01 – 15 17,757
Mar 15 – 31 17,513
Apr 1 – 15 17,213
Apr 16 – 30 20,319
May 01 – 15 17,278
Total 1,26,382

Source: Vietnam Custom Statistics

FOB price of Black pepper in major destinations witnessed a slight increase during the second
half May 2019.

(By Commoditiescontrol Bureau)