New Delhi, May 15 (Commodities Control): Domestic pepper prices showed stability following a period of weakened prices. A surge in demand noted subsequent to a notable decline. With lower global production, analysts predict a sustained stability in domestic pepper prices.
In Cochin, a key trading hub, reports indicate stability in garbled pepper at Rs 59,400 per quintal, while ungarbled pepper holds firm at Rs 57,400 per quintal. Meanwhile, in Karnataka, prices range between Rs 57,500 and Rs 59,500 per quintal, showcasing a resilient market despite recent turbulence.
Vietnamese pepper, a major player in the global pepper trade, has seen a resurgence in prices, effectively counteracting the downward pressure experienced by domestic markets. Recent trends indicate Vietnamese prices stabilizing at VND 102,000 to 103,000 per kilogram, marking a halt to the previous downward trajectory. Year-on-year comparisons reveal a staggering 65% increase in Vietnamese pepper prices, reaching near-record levels and injecting optimism into the market.
On the international front, FOB prices exhibit a mixed movements. While Brazil witnesses an uptick in prices, Indonesia experiences a slight dip. Vietnam, however, remains a stronghold with prices maintaining stability. Malaysia, too, contributes to the stable outlook, with prices holding steady.
Domestic Quotes (INR/Qtl)
Kochi Ungarbled 57,400
Kochi Garbled 59,400
Kushalnagar 57,600-59,500
Chikamagalore 57,5800-59,500
FOB Quotes - Black Pepper
Brazil ASTA (USD/MT) 5,000
Vietnam 500gl (USD/MT) 4,600
Vietnam 550gl (USD/MT) 4,700
Indonesia ASTA (USD/MT) 4,887
Malaysia (Ringgit/MT) 4,900
(By CommoditiesControl Bureau: +91-9820130172)
0 Comments 
Post Comment 
