Comments
Spot pepper prices scaled new highs on Monday. Prices on the futures market on the National Multi Commodity Exchange also shot up. Export prices are surged, market sources told Business Line.
Strong upcountry demand amid tight availability pushed prices up. Only nine tonnes of farm-grade material arrived and 11 tonnes were traded. Upcountry demand was met directly from primary markets on cash-and-carry basis. High range pepper was traded at ₹535 a kg, while that from other regions at ₹520 and above a kg.
Indian parity in the world market shot up to $9,000 a tonne c&f for Europe and $9,250 c&f for the US. Indian pepper remained totally outpriced.
Spot pepper prices shot up by ₹500 a quintal to close today at ₹52,200 (ungarbled) and ₹54,200 (garbled) a quintal on strong demand amid tight supply.
Comments
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.