Indian pepper prices went down after moving up yesterday due to weaker demand and profit taking. After crossing the mark of INR 200 per kg, the market expectation has increased tremendously and now expects the Indian pepper to touch the level of 250-265 before the start of the next season. The asta grade was at around US$ 4600-4625 per ton fob Kochi (Cochin) port.
Pepper futures prices on ncdex (per ton)
August - US$ 4458 (went down by 2.25% in today's trade)
September - US$ 4520 (dropped by 2% against yesterday's close)
October - US$ 4561
November - US$ 4546
December - US$ 4656
Cumin Seed
Cumin Seed in Indian market followed pepper as it was up yesterday and today it went down in tandem with the black spice as rains and profit booking triggered selling in this commodity.
Cumin Seed futures prices on ncdex (per ton)
August - US$ 3148 (went down by 3.14% in today's trade)
September - US$ 3204 (dropped by 2.92% against yesterday's close)
October - US$ 3298 (down by 1.44%) |