Agri Business

Pepper continues to stay firm

GK Nair Kochi | Updated on January 23, 2018 Published on May 19, 2015

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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.

Published on May 19, 2015
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