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

Domestic Pepper Prices Rise Amid Ample Imports; Vietnamese Prices Stable

5 Nov 2024 9:41 pm
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

Mumbai, November 5 (Commodity Control): Domestic pepper prices in Kerala and Karnataka's key markets increased by INR 500 per quintal as trading resumed normally today, despite demand remaining flat. Local sources report an excess of imported pepper material, which continues to weigh on prices, with additional imports expected soon from Sri Lanka.

In Cochin, the price of ungarbled pepper was INR 63,900 per quintal, garbled pepper was INR 65,900, and 500-gl pepper was priced at INR 62,900. In Karnataka, prices ranged from INR 63,700 to INR 66,000 across markets in Kushalnagar and Chikmagalur. Favorable weather has supported strong domestic crop conditions, with farmers anticipating a good harvest this season.

In Vietnam, pepper prices stabilized this week after a recent decline, trading between VND 140,000 to VND 141,000 per kilogram. Weak export demand from China and India is likely to keep Vietnamese prices under pressure. Additionally, as Brazil’s harvest continues, importers are shifting their focus there, further impacting international prices. FOB quotes for black pepper showed Brazil’s ASTA variety at USD 6,300 per metric ton, while Vietnam’s 500-gl and 550-gl varieties were priced at USD 6,500 and USD 6,800 per metric ton, respectively.

Following a short-lived boost from festive demand, domestic markets are oversupplied due to ample imports and reduced export demand from India. This, combined with ongoing harvests in Brazil and Indonesia, is expected to keep pepper prices under downward pressure in the coming sessions.


(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
ICE/ZCE Daily Rates Update ( Time: 20:23 ) - 05 DEC 202...
Cotton Arrivals Drop Marginally Across Indias Major Pro...
Cotton Prices Stable in Karnataka Amid Spinning Mills L...
Cotton Prices Stable in Maharashtra as Spinning Mills L...
Cotton Prices Decline in Andhra Pradesh and Telangana A...
more
Top 5 News
Copper Prices Edge Higher, Poised for Weekly Gains Amid...
Malaysian CPO Futures Climb, Poised for Weekly Gains Am...
Market Snapshot MCX - NCDEX
Global Market Update: Asian Stocks Slip Amid Political ...
CBOT CLOSE:05-Dec-2024
Top 5 Special Reports
U.S. Cotton Export Sales Decline from Previous Week's P...
U.S. Soybean Export Sales Decline Slightly; Soybean Mea...
Weekly: Sugar Prices Decline Amid Weaker Brazilian Real...
Weekly: ICE Cotton Futures Log Second Weekly Gain on St...
EDIBLE OILS PORT STOCK AS ON : 29 Nov 2024
Copyright © CC Commodity Info Services LLP. All rights reserved.