Global Pepper Market Weekly Review

The marker showed a mixed response at sources during the week. Local price in Belem, Brazil and Sri Lanka increased, while in other sources decreased. Fob price in HCMC for 500g/l increased by 5%. In Kochi and Lampung, the fob prices decreased marginally, while in Belem, Sarawak and Sri Lanka the prices were relatively stable. In India, trading activity at the Commodity Exchange was slower and prices decreased by 2% both spot price in local market, fob and futures prices. Indian MG I ASTA grade parity at $ 5250 PMT FOB Cochin.

Marginal fall of Muntok white pepper price took place locally. In HCMC local price was stable, but fob increased by 3%. In Sarawak, white pepper prices were reported stable.

(Source: http://www.indiainfoline.com/Markets/News/Global-Pepper-Market-Weekly-Review/3581510702)