Domestic Pepper Prices Surge; Vietnamese Rates Continue to Dip

Mumbai, April 12 (CommoditiesControl): Domestic pepper prices in key Indian markets have witnessed a notable surge by Rs 400-500 per quintal. This uptick marks a significant rise of Rs 4,000-4,200 per quintal since their recent low. The surge in domestic pepper rates is attributed to increased demand at reduced price levels.

Market analysts highlight that export demand has surged in recent weeks, driven by a substantial narrowing of the trade gap between India and other nations.

In the Kochi market, garbled pepper commands Rs 56,000 per quintal, while ungarbled pepper is priced at Rs 54,000. In Karnataka, pepper prices range from Rs 54,200 to Rs 56,400 per quintal.

Conversely, Vietnamese pepper prices continued their downward trajectory, slipping by VND 1,500-2,000 per kg. Trading within the range of VND 90,500 to 91,000 per kg from the previous session, Vietnamese prices are expected to remain subdued as arrivals peak. Notably, global FOB prices have remained stable across all major origins.

Domestic Quotes (INR/Qtl)
- Kochi: Ungarbled 54,000 | Garbled 56,000
- Kushalnagar: 54,200-56,200
- Chikamagalore: 54,400-56,400

FOB Quotes - Black Pepper
- Brazil ASTA (USD/MT): 4,450
- Vietnam 500gl (USD/MT): 4,200
- Vietnam 550gl (USD/MT): 4,300
- Indonesia ASTA (USD/MT): 4,463
- Malaysia (Ringgit/MT): 4,900

(CommoditiesControl Bureau; +91-9820130172)