Prices of ungarbled pepper topped a record Rs 500 a kg
even as futures continue to rise following projections of a lower crop
next year.
“The supply situation is tight. Contrary
to expectations, no sellers were forthcoming. There continued to be more
buyers,” market sources told Business Line.
On the spot, eight tonnes of farm grade pepper arrived and 10 tonnes were traded.
On
the NMCE, December and January contracts were up by Rs 213 and Rs 266
respectively to Rs 52,430 and Rs 52,460 a quintal. Turnover dropped by
11 tonnes to four tonnes, while the net open position was three tonnes.
On
IPSTA platform, December rose by Rs 955 to Rs 52,269 while January
remained unchanged at Rs 52,227 a quintal. The turnover increased by 94
tonnes to 134 tonnes, while the net open position was four tonnes.
Spot prices increased by Rs 200 to Rs 50,000 (ungarbled) and Rs 52,000 (garbled) a quintal .
Prices for export increased to $8,850 (c&f) for Europe and $9,150 (c&f) for the US.
All the other origins are reportedly steady to firm with sellers being reluctant.
Each
seller is quoting a different price for Vietnam Asta from $8,500 up to
$8,825 (c&f) but only on November/December contracts.
Brazil was getting more reluctant quotes at $7,700-7,800 (fob).
Indonesia or resellers quoted at $8,250-8,375 a tonne (c&f), an overseas report today said.
sumber dari: thehindubusinessline.com
