Sharp fall in spot pepper

| Updated on: Nov 01, 2016
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Spot pepper prices fell sharply on Monday on bearish sentiments. Easier trend in the futures market along with decline in Vietnam prices are said to have influenced the spot prices. On the NMCE, December contract fell by ₹2,590 a quintal to ₹67,700, while January dropped by ₹2,000 to ₹68,000. On the terminal market, 12 tonnes were traded today at ₹665-685 a kg. Spot prices dropped by ₹400 a quintal to ₹67,500 (ungarbled) and ₹70,500 (garbled). On the IPSTA, November contract fell by ₹1,000 a quintal to ₹70,000, while December and January stayed steady at ₹63,000 and ₹57,000. Export prices were at $10,850 a tonne c&f for Europe and $11,100 for the US. Meanwhile, Vietnam has reduced the prices for its Asta grade pepper to $6,650-6,700 a tonne, while the new crop was being offered at $5,500.

Published on January 15, 2018

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