Mumbai, May 6 (CommoditiesControl): Pepper prices in major domestic markets witnessed a significant surge, climbing by Rs 500 per quintal for the second consecutive session, due to robust demand.
Market participants attribute the price uptick to increased activity among stockists and a surge in export inquiries. Moreover, the increasing global prices are exerting further upward pressure on domestic market prices, with Vietnam reporting new record highs.
In Cochin, garbled pepper commands Rs 59,700 per quintal, while ungarbled pepper is priced at Rs 57,700. Meanwhile, pepper prices in Karnataka ranged from Rs 57,500 to Rs 59,800 per quintal.
Vietnamese pepper prices have witnessed a sharp ascent over the past two sessions, reaching levels between VND 103,000 to 104,000 per kg. This surge in prices represents a staggering 65% increase year-on-year, attributed to reduced output and a tighter supply-demand balance driven by aggressive exports. Notably, global FOB prices experienced a substantial uptick in Indonesia, while prices in other centers remained relatively stable.
Domestic Quotes (INR/Qtl):
- Kochi: Ungarbled - 57,700, Garbled - 59,700
- Kushalnagar: 57,500-59,700
- Chikamagalore: 57,600-59,800
FOB Quotes - Black Pepper:
- Brazil ASTA (USD/MT): 4,700
- Vietnam 500gl (USD/MT): 4,400
- Vietnam 550gl (USD/MT): 4,500
- Indonesia ASTA (USD/MT): 4,913
- Malaysia (Ringgit/MT): 4,900
(By CommoditiesControl Bureau: +91-9820130172)
0 Comments 
Post Comment 
