Login ID:
Password:
Partner Login
Contact Us : 7066511911

Pepper Gains As Sellers Hold Back

11 Oct 2018 5:54 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

MUMBAI (Commoditiescontrol) - The spot pepper on Friday gained, albeit marginally, as the sellers were holding back following no arrivals from the growers in the primary markets of Idukki and Wayanad districts.

According to market sources, Tamil Nadu based dealers were covering high range pepper at ₹375 a kg from the door steps of the growers on cash and carry basis. As a result, the growers were not forthcoming sell.

Meanwhile, interstate dealers were quoting ₹370 a kg for Pulpally and Bathery pepper on a four-week deferred payment. But, the sellers were reportedly not ready to sell at below ₹400 a kg on credit for four weeks.

Since yesterday the trend has changed with no sellers forthcoming to sell at the prevailing prices. They might be anticipating rise in demand in view of the Navrathri and ensuing Divali and a consequent price increase, trade sources claimed.

On the terminal market, only five tonnes of high range pepper were traded at ₹375 a kg, they said.

Spot prices moved up by ₹100 a quintal to close at ₹36,600 (ungarbled) and ₹68,600 (garbled) a quintal.

Indian parity in the international markets was at $5,425 a tonne c&f for Europe and $5,675 a tonne c&f for USA.

(By Commoditiescontrol Bureau; +91-22-40015567)


N       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
Downtrend Continues In Spot Pepper On Tight Supply
Nutmeg Slips; Mace Rules Steady
Spot Coriander Prices Remain Stable
Spot Jeera Moves Lower On Sluggish Export Demand
Spot Turmeric Prices Continue To Rule Steady On Limited...
more
Top 5 News
Chana Weakens At Major Spot Markets
Spot Mentha Oil Rules Mostly Steady
Domestic Tur Mixed At Major Markets; Imported Variety W...
Sugar Prices Slip Further On Sluggish Demand, Selling P...
Market Wise Tur Arrivals: Supply Down By 0.71% Against ...
Top 5 Special Reports
Technical: Guar Seeds Bikaner-Expect Resistance At High...
Technical: Cotton Seed Oil Cake Kadi -Accumulate On Re...
ICAC Lowers Global 2018-19 Cotton Production-Demand For...
Technical: Mentha Oil- Correction In Near Term Is Likel...
Technical:Cotton Bales Rajkot-Retracement To Provide Su...
Copyright © CC Commodity Info Services LLP. All rights reserved.