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Turmeric News - Lower Pepper supply in the spot market supported the prices
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Lower Pepper supply in the spot market supported the prices

Firm sentiment witnessed in the Black Pepper spot market during current week. Currently, black pepper MG1 prices are moving at Rs.41,200/-qtl. up by Rs.1,200/-qtl from last week. Similarly, Black Pepper FOB Prices Kochi ASTA up by 204 USD/MT, Ho Chi Minh (Vietnam) 500 g/l up by 250 USD/MT and Ho Chi Minh (Vietnam) 550 g/l up by 310 USD/MT from previous week.   
As per trade information, last few years large quantities (on an average yearly around 5,000 MT) of pepper imported from Vietnam via Nepal and Myanmar to India illegally, but from last two years its totally banned, which was supported the Indian pepper prices and it will support the prices further in coming days. 
Currently, increasing demand coming from North-Eastern states, Bihar, West Bengal, Jharkhand etc. which was not coming in this way for the last few years as a result of illegal trade and growing domestic demand from other states likely to support pepper prices further. 
Also, pepper planter's are holding their produce, as they are not interested to supply their produce at the current prices level also lower market movement due to lockdown in Kerala growing regions added the bullish sentiment.