100 rupees per quintal of pepper. In Kochi last week the arrival of pepper was less. It was 47 tonnes less than the previous week. The arrivals from Idukki and Wayanad regions have reduced drastically. Last April, 1600 tonnes of pepper was imported into India from countries like Vietnam and Brazil. Of this, 62 tonnes reached Kochi. Most of the imports were done by Export Oriental units. Imported chillies have reached Kochi, Aluva, Eratupetta and Mananthavadi regions. Importers in Mumbai have also bought.
With the fall in the price of cardamom, all the pepper stocked by the farmers may come up for sale. The arrival of pepper for sale is likely to increase this week. Importers have started selling the imported pepper in local markets instead of exporting it. This may affect the farmers. Last week too, the chillies that came for sale in Kochi were imported chillies. The Sri Lankan report says that the production of Sri Lanka is 25,000 tonnes. New chillies have been taken for sale. Sri Lanka offered an export rate of $5,200 per tonne. India’s rate remains unchanged at 6,350. Brazil 3,600, Indonesia 3,900, Vietnam 3,750 dollars. While India’s rate is higher than other producing countries, other producing countries have started trying to import to India. 136 tonnes of pepper were sold in Kochi last week. Weekend price of pepper ungarbled Rs 49,200, garbled Rs 51,200, fresh chilli Rs 48,200.
Tire companies cut rubber prices. The price of rubber has been reduced by Rs 200 per quintal. RSS Four tires were sold at 160 rupees, but the price was raised to 161 rupees, but due to pressure from the tire companies, the price was reduced. China, Tokyo cut holiday trade prices in international markets. Trade sources said that the tire companies have reduced the prices as Bangkok has also reduced the prices. China June holiday has been reduced from Rs 140 to Rs 136, Tokyo from Rs 125 to Rs 121, and Bangkok from Rs 146 to Rs 143 at ready rates. This is why tire companies have reduced the price of rubber in the domestic market.
Weekend Price Kochi RSS 15,800 for four quintals, Rs. Five 15,600 Rs. Gold prices fell globally. Investor withdrawal is the main reason for the fall in prices. In the international market, gold was traded at $1,977 per ounce (31.1 grams) and fell to $1,946 over the weekend. The international price fell by 31 dollars per ounce. In Kochi, Pawan has decreased by Rs 600 last week. Pawan’s selling stop at Rs 45,040 ended the weekend at Rs 44,440. 10 paise gain for Rs. 82.66 from Rs. improved to 82.56.
Coconut oil and copra prices fell
No demand. Coconut oil and copra prices fell again. Coconut oil has become cheaper by Rs 300 per quintal, coconut oil by Rs 200 per quintal and copra by Rs 300 per quintal. Due to increased production, prices fell. The weekend price of coconut oil milling was Rs 13,100 per quintal, ready Rs 12,600 per quintal, copra proof Rs 8,250 per quintal, oote Rs 8,050 per quintal and palm oil Rs 9,300 per quintal. 370 quintals of coconut oil were traded last week in Kochi.
In the auction held in Kochi last week, the packet makers bought the orthodox powder at a price of Rs.2 to Rs.4 per kg.
3,84,000 kg of leaves and 8,56,800 kg of powdered leaves were auctioned.
Joseph Vennikulam
#Market #Review #Rubber #price #Pepper #climbs
2023-05-28 19:56:00
