Pepper futures escalated since tight supply situation supported the prices. Spot market participation was limited since the buyers and seller in market waited for further cues for price direction.

Indian parity price in the international market traded around $4625 per ton and continued to remain on the higher side compared the other major producing countries.

Pepper harvest in Indonesia has almost completed and as per field survey conducted by IPC, pepper produce from Lampung during the current season is estimated around 22000 metric tons.

According Vietnam pepper association, Vietnam already had exhausted with most of its stocks and international participants are closely watching the crop development in Brazil which is expected to arrive in September October period.

According to Agricultural Market Intelligence (AMIC) the uptrend in prices is expected to continue till the end of December. Current climate is favorable for an early crop in November

Courtesy: Geojit Comtrade Limited

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