Mumbai, January 20 (CommoditiesControl): Pepper prices in Kerala and Karnataka’s major marketplaces have shown stability following a significant drop in prices during the previous week. While prices fell by Rs 100 per quintal during Saturday’s session, bringing the total decline to Rs 700 per quintal last week, the market has largely stabilized. Sporadic demand has contributed to price volatility in recent weeks. Market sources suggest that concerns about production have helped support prices, although sluggish demand continues to weigh on the market.
Currently, a quintal of ungarbled pepper is priced at Rs 63,900 in Cochin, while garbled pepper is fetching Rs 65,900 per quintal. The price for 500gl pepper is Rs 62,900 per quintal. In Karnataka, the price of pepper ranges between Rs 63,800 and Rs 66,100 per quintal. Despite dull demand, around 24 tons of pepper were traded today, slightly up from 20 tons in the previous session.
In Vietnam, prices of pepper in the major producing provinces have remained stable, ranging between VND 145,000 and VND 146,500 per kilogram. The global decline in bids, particularly from India, has contributed to keeping prices lower, and global FOB prices have remained steady across various origins.
After the recent decline, prices are expected to continue their downward trend in the coming days, although demand during Ramadan is anticipated to temper the sharp price fall.
Pepper Prices in Major Markets (INR/Qtl):
- Kochi:
- Ungarbled: Rs 63,900
- Garbled: Rs 65,900
- 500gl: Rs 62,900
- Karnataka:
- Kushalnagar: Rs 63,800–66,100
- Chikamagalore: Rs 63,800–66,000
FOB Quotes (USD/MT) for Black Pepper:
- Brazil ASTA: $6,350
- Vietnam 500gl: $6,350
- Vietnam 550gl: $6,650
- Indonesia ASTA: $7,142
- Malaysia: 8,700 MYR
(By CommoditiesControl Bureau; +91-9820130172)
0 Comments 
Post Comment 
