Mumbai, 24 Jan (Commoditiescontrol): Pepper prices in Kerala and Karnataka’s key markets edged higher during the second trading session this week, following a sharp decline in the previous week. Prices rose by ₹100 per quintal today, supported by lower arrivals and production concerns.
In Kochi, ungarbled pepper was priced at ₹64,100 per quintal, while garbled pepper fetched ₹66,100. The price of 500 GL pepper stood at ₹63,100. In Karnataka, pepper was quoted between ₹64,000 and ₹66,200 per quintal in markets such as Kushalnagar and Chikamagalore. Auction volumes dropped to 18.5 tons, compared to 31.5 tons in the previous session, marking a significant decline from earlier in the week.
### Vietnam and Global FOB Trends
Pepper prices in Vietnam's major provinces increased by VND 300–500 per kg, with rates ranging between VND 146,800 and 148,000. Global FOB prices were mostly stable, except for Brazil, where ASTA grade prices rose slightly to USD 6,150 per MT.
### Demand-Supply Dynamics
Market participants report that demand ahead of Ramadan and concerns over a potentially lower crop are underpinning price sentiment. However, an influx of imported pepper and muted export demand continue to weigh on the market, limiting any sharp price gains.
### EXIM Data Analysis
India imported 3,703 tons of pepper in November, up 56% year-on-year but down 26.5% compared to the previous month. Shipments from Indonesia and Sri Lanka accounted for approximately 78% of total imports, reflecting a significant rise in supply from these origins.
#### Price Summary:
**Kochi (₹/Quintal)**
- Ungarbled: ₹64,100
- Garbled: ₹66,100
- 500 GL: ₹63,100
**Karnataka (₹/Quintal)**
- Kushalnagar: ₹64,000–66,200
- Chikamagalore: ₹64,000–66,200
**FOB Quotes (USD/MT)**
- Brazil ASTA: 6,150
- Vietnam 500 GL: 6,350
- Vietnam 550 GL: 6,650
- Indonesia ASTA: 7,157
- Malaysia: 9,000
### Market Outlook
Pepper prices are likely to remain stable in the short term, driven by pre-Ramadan demand and production uncertainties. However, elevated imports and subdued exports may act as a ceiling for significant price increases in the near future.
(By Commoditiescontrol Bureau: +91 9820130172)
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