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Pepper Market Review week 39 2021

After four months of lock downs Vietnam is finally loosening its Covid-19 restrictions. The new approach will be more flexible including social distancing, public transportation bans, vaccine green cards, remote schooling, limits on social gatherings and curfews. Factories will reopen depending on the vaccine status of workers and residents of HCMC can leave their homes. Despite muted activity prices were steady to firm during the lockdown. Substantial exports prior to June, slim inventory, volatile freight rates and high coffee [...]

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Vietnam Pepper Prices to hit new high

With approximately 200,000 mts exported in the first 8 months with the help of 25000 mts imports from other origins including rejections from customers the largest producer amidst covid lock down is set to establish new high domestic Prices in the coming days. With a lower crop compared to previous year and a huge carryover stock on paper many Importers delayed coverage for the third and last quarter and we’re resorting to hand to mouth buying.Many buyers could not digest the record [...]

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Vietnam Pepper Situation as covid peaks

Vietnam Business Operations Written by Dezan Shira & Associate in VietnamRe Latest Updates As of August 3, 2021, Vietnam’s Ministry of Health confirmed a total of 165,339 cases of COVID-19. However, 46,965 of the affected patients have recovered and been discharged from hospitals. Vietnam has also recorded 1,881 deaths due to the pandemic. The latest community transmission cases have been reported from Ho Chi Minh City, Binh Duong, Long An, Tay Ninh, and Dong Nai among other Vietnam received 1,188,000 doses of the Oxford-AstraZeneca [...]

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Pepper Market Review Week 24 2021

Black and White Pepper prices in Vietnam opened further firm on Monday and moved further high to 77000 VND per kg with exporters covering for June shipments besides Chinese traders but towards the end of week settled down to 75000 VND per kg with increased Covid -19 cases some of the major processors shutting down operations on government orders leaving only a few processors in industrial parks working at close of the week.From reliable sources we understand that it’s [...]

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Pepper Market Review week 23 2021

Black and White Pepper Prices opened firmer beginning of the week by USD 100 pmt after settled on a steadier note in Vietnam. Vietnam has become the cheapest origin after Indonesia and Brazil moved to USD 3900- 4000levels at close of the week.India still remains the leader with FOB  Prices hovering around USD 6350  pmt level for the conventional Malabar Pepper. Indian grinders bought aggressively June July and August Shipments from Vietnam during the week being the cheapest origin .   The most traded [...]

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Pepper Market Review Week 11 2021

Black and White Pepper Prices which started moving up after the lunar new year holidays moved up 50% locally in Vietnam with very thin volume behind due to heavy speculative activities mainly led by a big collector with the support of a non pepper guy who entered into pepper in the last quarter together with entire public who had money started investing money in pepper which didn’t allow exporters to buy as the collectors were selling at higher [...]

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Pepper Market Review Week 50 2020

Pepper Prices in all origins closed firmer during the week although we saw little easing off prices in Vietnam in early part of the week but thin inventories pushed prices back up again at close of the week slightly higher than that of week 49 close.Brazil has been the focus of attention since last three weeks being the cheapest origin as Asian buyers were very actively covering besides Europe but with continued increase in ocean freights at close of [...]

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Pepper Market Review Week 49 2020

Pepper Prices in Brazil India and Indonesia moved up further high during the week but Vietnam towards end of the week was beneath the surface started to ease off a little the gains made in the previous trading days with exporters soft pedaling as Chinese disturbances were not felt throughput the week  besides lack of equipment and space in both feeder and Mother Vessels from Vietnamese sea ports . Indian MG-1 Prices were hovering around the US$ 5/- a kg [...]

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Pepper Market Review Week 48 2020

Pepper Prices continued its upward parade during the week under review also in all origins. Notable feature was Vietnam prices closed at the previously highs of the year without Chinese interventions. Demand for prompt and December shipments coupled with short covering of earlier commitments pushed prices further high and it looks like we will see prices establishing new highs in the coming days with 90% of the crop already exported till date we can already feel the squeeze for material especially the [...]

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Pepper Market Review Week 46 2020

Black and White pepper continue to surge further across all origins during with week under review . Vasta parity for 570 gl closed at USD 2950 FOB but the undertone was slightly weaker with the aggressive Chinese buyers Retreating a little but local sellers were not willing to discount as they were expecting further hike in prices in the current scenario with very thin raw material availability and escalating prices in Brazil B1 Quotes moving to US$ 2575 FOB and Indonesian sellers [...]

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