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

BSE brokers forum to make additional investment of Rs 80 crore in GIFT City

It has also been allocated additional 1.5 lakh sq ft of BuA

Metals fall on Opec's no-cut decision

Copper hits 8-month low on LME, bullion sheds 1%

Sebi in favor of companies formulating policy on dividends distribution

Cash-rich companies may soon have to give a justification for sitting on their cash pile

Markets end at record closing highs on rate cut hopes

The total investor wealth in Indian stock market today hit a record high of Rs 100 trillion

Sensex, Nifty end 1% higher led by rate sensitive shares

The Sensex provisionally ended up 221 points at 28,660 and the Nifty ended up 85 points at 8,579

Back to Top