Outlook on Pepper, Jeera: Geojit Comtrade - Moneycontrol.com -: NCDEX PEPPER FUTURES: Pepper market rose tracking overall good demand and firm overseas market. Indian parity continued to remain competitive in the international market at around $7900 a ton and thereby good demand was reported. The daily arrivals in Kochi mandi rose to 20 tons from 12 tons reported previous day, meanwhile the offtake stood at 40 tons. The spot price went up by Rs.200 per 100kg according to data by the India Pepper and Spice Trade Association. As per market source, the supply was tight in major producing countries especially in Vietnam. According to revised estimates by the International Pepper Community, the total production of pepper in 2011 is lower by 17230 tons to 3.18 lakh tons. The export during January-August 2011 is also lower by around 10000 tons to 1.73 lakh tons. However the global demand is growing and reached at around 3.50 lakh tons.
- Sent using Google Toolbar
No comments:
Post a Comment