Traders claim Vietnam pepper supply

Traders in UP, Bihar, Jharkhand, Rajasthan and Delhi have claimed that they were getting Vietnam pepper at lower rates. On the terminal market 14 tonnes were traded. Of these 5 tonnes from the south were traded at ₹425 a kg and 9 tonnes from the high ranges were traded at ₹430-435 a kg.

Domestic demand is picking up and buyers were quoting ₹425 a kg but sellers were hesitant, they said. Spot prices fell further today by ₹300 a quintal to close at ₹42,100 (ungarbled) and ₹44,100 (garbled) a quintal. Indian export prices were at $7,100 a tonne c&f for Europe and $7,350 a tonne c&f for the US.