Business Standard

Pepper Prices Fall On Low Global Demand

Related News

Prices of black pepper have been slashed due to lower export demand. During the first week of October, the intake of export traders was much higher because of their global commitments. This reslulted in an increase of price level by Rs 300 per quintal in the first week of October.

Beacuse of the present slow down in global market the price for garbled variety has been slashed to Rs 7,700 per quintal and that of un-garbled variety is Rs 7,200.

Presently, international deamand is affected badly due to US attacks on Afganistan. The major importing nations like USA is watching the situation and not active in the market according to traders here.

The world market is expecting the new crop from Vietnam which will be coming to the market by next January.

During last season Vietnam had sold pepper even at a price tag 1200 $ per tonne and the importing nations expects a fall in price by January. Because of this effective demand much lower in the market. According to traders this is the main reason for the current fall in price.

Currently the offer price of Brazil is 1425- 1450 $ and that of Indonasia it is 1450- 1500 $. Indian parity is 1600 $. Market sources expects an almost steady market for the next two months and as per the indications there may be a a steep fall in prices by January next. The importers are ready to buy pepper at price tag of 1150 $ per tonne for shipment in January while the traders here are reluctant to sell below 1300 $. Hence no export contract is being carried out in the market. The importers are acting according to the indications in the market and they expect a much lower price level next year.

Read more on:   

Read More

SC issues notices to Sahara firms in OFCD case

Asks why contempt proceedings should not be initiated against it for not returning money to investors in accordance with its orderThe Supreme Court ...

Quick Links

 

Market News

Markets closed on account of election day in Mumbai

Markets will remain closed today on account of voting for the general elections in Mumbai constituencies

Plea against MF body as self-regulator admitted

The Securities Appellate Tribunal (SAT) has admitted an appeal against a decision on approval given for setting up a regulatory organisation for ...

El Niño worries inflation managers

RBI has decided to consider inflation based on new series CPI in which half of the weight is for food, beverages and tobacco

Coffee at 26-month high as Brazil drought raises price volatility

Coffee futures jumped as much as 8.3 per cent, driving volatility to the highest since 2000

JSW Steel mulls using Goan ore for Dolvi plant

The company plans to participate in e-auctions at Goa as and when the ore with 58% Fe is auctioned

Back to Top