Mumbai, 13 December (CommoditiesControl): Pepper prices in Kerala and Karnataka's major markets have remained stable for the third consecutive session following a sharp rise in the previous 12-15 sessions. The stability in prices is attributed to an announcement of a delay in harvesting, which has increased prices by Rs 2,300 per quintal. The harvest is expected to be delayed by 15-20 days this season due to excessive rainfall, which has slowed the panicle initiation process.
Today, approximately 26.5 MT of pepper was traded. In the Cochin market, ungarbled pepper is priced at Rs 64,400 per quintal, while garbled pepper costs Rs 66,400 per quintal. The price of 500 gl pepper is reported at Rs 63,200. In Karnataka, prices range between Rs 64,200 and Rs 66,500 per quintal. Farmers report that domestic agricultural conditions have been favorable so far, indicating a potentially successful harvest season.
In the Vietnamese market, prices have also remained stable for the second session. Prices in major provinces are reported between VND 142,000 and VND 143,000 per kilogram. Farmers and stockists are facing a limited supply of materials, and the harvest is expected to be delayed by 15-20 days, which has contributed to higher prices.
On the international front, FOB prices in major origin countries have generally remained stable, except for Brazil, where prices have risen, and Indonesia, where quotes have fallen. Despite price increases this week, with harvesting scheduled to begin next month, prices may remain under pressure in the coming weeks.
Kochi (INR per Qtl)
- Ungarbled: Rs 64,400
- Garbled: Rs 66,400
- 500gl: Rs 63,400
Karnataka (INR per Qtl)
- Kushalnagar: Rs 64,200–66,400
- Chikamagalore: Rs 64,200–66,500
FOB Quotes (USD/MT)
- Brazil ASTA: $6,300
- Vietnam 500gl: $6,300
- Vietnam 550gl: $6,600
- Indonesia ASTA: $6,787
- Malaysia: RM 8,200
(CommoditiesControl Bureau; +91-9820130172)
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