WORLDWIDE TRANS CO.,LTD

Indian pepper market shows bullish trend due to the limited availability. All the active contracts showed substantial increase last week.

Sellers couldnt deliver pepper due to the instability in delivery system. The futures market remained constant on Friday and Saturday.
Consequently, domestic buyers who have been holding back anticipating a drop in prices on reports of weaker Vietnamese, Indonesian and Brazilian pepper markets may now enter the markets.

There is a drastic decrease in the pepper availability in India than expected.

Arrivals at the terminal market from the primary markets also remained less.

22 tonnes of ungarbled pepper arrived and traded at Rs 393 a kg for the pepper from the plains, Rs 397 a kg for pepper from Pulpally and Batherry etc in Wayanad and Rs 400 a kg for high range pepper on Saturday. It was the highest ever price for ungarbled pepper.

July, August and September contracts in futures price during the week increased by Rs 1,275, Rs 1,465 and Rs 1,600 respectively to the last traded price of Rs 41,980, Rs 42,565 and Rs 42,950 a quintal. Total turnover increased by 2,437 tonnes to 12,687 tonnes while the total open interest increased during the week by 300 tonnes to close at 5,177 tonnes.
Spot pepper prices increased last week by Rs 900 a quintal to close at Rs 39,300 (ungarbled) and Rs 40,800 (garbled) a quintal.

Short positioned international players started covering from Sri Lanka resulted in the price rises from $6,150 a tonne to $6,300 a tonne for 525 GL pepper.