login_img.jpg
Login ID:
Password:
Partner Login
Contact Us : 7066511911

Pepper Prices Decline in Domestic and Vietnam Markets

24 Jun 2024 7:45 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai, June 24 (Commodities Control): Domestic pepper prices in key markets have declined by Rs 300 per quintal, following a price increase in the last two sessions of the previous week. This decline aligns with the global trend of decreasing pepper prices. Despite the drop, local traders report that farmers and stockists are reluctant to sell their produce, which may help stabilize prices in the short term.

In Cochin, the price of garbled pepper remains stable at Rs 70,200 per quintal, while ungarbled pepper is priced at Rs 68,200 per quintal. In Karnataka, prices range from Rs 68,400 to Rs 70,500 per quintal. The situation is further impacted by rainfall in major pepper-growing districts of Kerala and Karnataka being 30-40% below normal levels.

Vietnamese pepper prices also fell significantly. Prices dropped by VND 10,000-15,000 per kilogram in today's session and by VND 40,000-45,000 per kilogram from their recent highs due to low demand. Current prices in major provinces range between VND 145,000-146,000 per kilogram. Despite this sharp decline, prices are expected to recover in the coming days. Globally, pepper prices, excluding Malaysia, fell sharply by 4-10%.

Domestic Quotes (INR/Qtl):
- Kochi: Ungarbled - 68,200, Garbled - 70,200
- Kushalnagar: 68,400-70,400
- Chikamagalore: 68,500-70,500

FOB Quotes - Black Pepper (USD/MT):
- Brazil ASTA: 7,200
- Vietnam 500gl: 5,900
- Vietnam 550gl: 6,300
- Indonesia ASTA: 7,090
- Malaysia: 7,500 (Ringgit/MT)



(By CommoditiesControl Bureau: +91-9820130172)


       
  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 :  
   

Post Comment  

Latest Market Commentary
ZCE Cotton And Yarn Evening Closing - 17 Jul 2024
India Miller Slowdown Cotton Buying as Season End Appro...
Major Producing States Receive 15,700 Bales of Cotton
Kapas Arrival Zero in Madhya Pradesh; Cotton Seed Price...
Cotton Prices Stable in Karnataka as Spinning Mills Lim...
more
Top 5 News
ZCE Cotton And Yarn Evening Closing - 17 Jul 2024
DCE Oil Complex Evening Closing - 17 Jul 2024
Mentha Oil Prices Extend Gains for Second Straight Day
Guar Seed & Gum Prices Steady; Futures Trade Suspended ...
London Metal Exchange Settlement - 17-Jul-2024
Top 5 Special Reports
USDA Forecasts Global Cotton Production Surge, Expects ...
Argentina's Currency Market Intervention: Will It Reviv...
Weekly: Sugar Prices Decline Amid Strong Brazilian Outp...
Weekly: Cotton Extend Loss For 7th Week; Bears Tighten ...
USDA lowers 2024-25 global soybean production estimates...
Copyright © CC Commodity Info Services LLP. All rights reserved.