India: Black Pepper supplies reported down

Current Scenario

A steady to weak sentiment was witnessed in the Black pepper spot market. Pepper supply reported down as stockists and planters held their stocks on expectations of higher prices in the coming days. Some panic is being seen in the markets due to the rising cases of a new corona-virus variant, Omicron.

Factors affecting the market

The second phase of the monsoon is still underway in South India, but the weather has mainly remained evident in all the region’s central states for the past few days. Discussions are going on in Kerala about damage to the pepper crop in the new season.

A new crop of black pepper has been coming to the villages of Kerala for a few weeks. Due to direct deals from there to other major consuming mandis like Delhi, the arrival of black pepper to other major mandis, including Kochi in Kerala, remains negligible.

Arrivals

The total arrivals of Black Pepper in the current week are 40.76 tonnes, and the maximum was from Kerala with 20.46 tonnes.

 Prediction

According to the experts, it can be predicted that if the export demand increases, the market can be favourable in Black pepper.

 Bottomline

The purchasers are now buying black pepper straight from the farmers. Black pepper is recently bearish in the wholesale grocery market and remains at $7,04 to $7,11 per kg level.

Prices

Black Pepper 500

• The price started at $ 6,06
• The price end was at $ 6,04

Related posts:

August Month Got Good Hopes For Indian Spices Market overview Black Pepper Market Price Fails To Improve In South India India : Black Pepper Prices Soared In Domestic Market India: Black Pepper Having A Bear Grip In The Market The stable Indian commodities of the week An outlook on the stable commodities turmeric, red chilli, black pepper, and chickpeas. This report will show what are the factors due to which these commodities still have stable prices. Worldwide crop forecast of black pepper Why Black Pepper Current Situation is Complex in Indonesia Black pepper India: Export rise in 2021?