Pepper prices remained firm on Tuesday on tight availability amid strong demand. Arrivals shrunk as sellers have started holding back anticipating price rise in the coming days. Tight supply situation in Vietnam is also reported to have pushed up the prices. Vietnam is reportedly offering Asta grade pepper at $9,200-9,300 a tonne c&f US. As against this, Indian parity is at $10,600. Arrivals today stood only 12 tonnes from the High Ranges in small lots. Strong domestic demand has aided the price rise, traders said. Spot prices moved up by ₹500 a quintal to ₹60,000 (ungarbled) and ₹63,000 (garbled). June and July contracts on the IPSTA platform also were up ₹507 to ₹63,000 a quintal each. Export prices were at $10,350 a tonne c&f for Europe and $10,600 for the US.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.