Kochi: Pepper futures market saw high volatility on Aug 28 and moved slightly up. September contract increased by Rs 24 a quintal to Rs 14,055 while October and November increased by Rs 25 and Rs 21 respectively to Rs 14,355 and Rs 14,600 a quintal. Total turnover fell by 2,740 tonnes to 3,983 tonnes, while total open interest fell by 4 tonne to 20,106 tonned.
In the world market the availability is likely to be limited in the coming months and till the next Vietnam crop arrives in the market in Mar/Apr 2009. The Brazilian crop is likely to be around 35,000 tonnes. Indian parity is $3,475 tonne (c&f) for Europe and $3,525 a tonne (c&f) for the US. Overseas purchasers were reported to have been inactive probably because of weaker advices from Brazil and Ecuador. E Asta was cited 3,250 a tonne c&f US. Brazil Asta was reportedly traded at $2,900 (f.o.b.). Vietnam has quoted 500 GL and 550 GL at $2,850 and $3,025 a tonne respectively (fob) HCMC. Vietnam white pepper was offered at $4,415 a tonne (f.o.b.).
In the world market the availability is likely to be limited in the coming months and till the next Vietnam crop arrives in the market in Mar/Apr 2009. The Brazilian crop is likely to be around 35,000 tonnes. Indian parity is $3,475 tonne (c&f) for Europe and $3,525 a tonne (c&f) for the US. Overseas purchasers were reported to have been inactive probably because of weaker advices from Brazil and Ecuador. E Asta was cited 3,250 a tonne c&f US. Brazil Asta was reportedly traded at $2,900 (f.o.b.). Vietnam has quoted 500 GL and 550 GL at $2,850 and $3,025 a tonne respectively (fob) HCMC. Vietnam white pepper was offered at $4,415 a tonne (f.o.b.).
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