Business Line : Markets / Commodities : Pepper rebounds on buoyant overseas markets: Overseas trend
According to an overseas report today, Vietnam pepper prices were up and it was attributed “to holding back by local market to push up the prices”. Add to this, “West Asia was reportedly rushing to buy for Feb shipment and as well as local processors were also covering”, it said.
Prices quoted were 500 GL $6200 a tonne (fob) HCMC; 550 GL $6,600 a tonne (fob) and white pepper at $9,500 a tonne.
Brazil also the prices moved up. B 1 went up to $6,700 a tonne (fob) from $ 6350 a tonne (fob) as producers were said to be unwilling to sell, the report added.
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