The September contract of black pepper on the NCDEX was down nearly 6% today as imports from Vietnam soared in June, an exchange. India’s pepper imports from Vietnam are estimated to have risen 106% on year in June to 2,010 tn, Vietnam Pepper Association member Jojan Malayil said. India imports pepper to primarily manufacture value-added items such as oil and oleoresin, and subsequently exports the products to the US, Europe, and Australia.The most-active September contract on the NCDEX traded at 47,200 rupees per 100 kg, down 5.6% on its first day of re-launch. On the MCX, the September contract of black pepper was down 2.85% at 47,300 rupees per 100 kg.
Source : Newswire
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