Pepper remains firm on limited supply-spun4

Pepper remains firm on limited supply,[link widoczny dla zalogowanych]
Consequently,[link widoczny dla zalogowanych], North Indian dealers were covering from Malabar region on a cash-and-carry basis at Rs 400 a kg, market sources said. Buyers from Tamil Nadu were covering from Idukki high-range pepper at Rs 405 a kg while those from Gudalur were buying from Bathery in Wayanad. fact, everyone was prepared to buy at Rs 405 a kg. But sellers were limited. Everyone is considered trying to purchase directly from the farmers, i was told that.
Activities about the exchange a week ago were generally focused on first couple of contracts while there were some warning signs of the 3rd contract gathering momentum as July is nearing to its maturity. Arrivals at the terminal market is bought for processing and depositing in the exchange. In fact, volume of pepper arriving at the terminal market was very thin. Accessibility to spot pepper was tight, traders said.
Many operators were buying spot and selling futures, July/Aug delivery and tendering the goods on exchange platform. Overseas market sources said for the past Ten days they've seen declining prices from Lampong. However, there have been so many bookings over the last two or three days, which seems to have led to an abrupt stoppage of offering of Lampong probably about the realisation that pricing was way too low they said.
This new situation might prompt buyers to pay for additional quantities after which it the market in Indonesia could gain further strength again,[link widoczny dla zalogowanych], they added. Meanwhile,[link widoczny dla zalogowanych], Vietnam continued to keep prices.
Within the international market,[link widoczny dla zalogowanych], buyers were seen shifting to origins which are cheap. Malabar has lost its preference because it is ruling high. Simultaneously availability in India is also tight. On the other hand,[link widoczny dla zalogowanych], when MG 1 could be sold at Rs 430 a kg on the exchange platform here nobody would venture into selling in the overseas markets at much lower levels,[link widoczny dla zalogowanych], the trade pointed out.
All the active contracts last week ruled firm. July, August and September moved up by Rs 900,[link widoczny dla zalogowanych], Rs 935 and Rs 835 respectively to the last traded price (LTP) of Rs 42,[link widoczny dla zalogowanych],730, Rs 43240 and Rs 43,[link widoczny dla zalogowanych],520 a quintal.
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