UNITED SPICE CO. LTD

Pepper Market Review Week 44 2018

    Black and white pepper prices which remained extremely firm in Vietnam in the last fortnight showed some correction mode towards end of the week under review .The heavy rush to cover for nearby needs from shorts and new orders for near term seems to be pretty well covered with very hectic buying  in the lat two weeks .Local collectors who were asking prices as high as 65000 VND per kg till mid week were willing to wheel and deal at weeks close and prices coming back to realistic levels with Chineese traders and exporters stopped chasing farmers and local  collectors .During the week 500 gl asta which is currently the most sought after grade from Vietnam traded in the range of US$ 3000 to 3065 Fob HCMC for November and December shipments and DW White Pepper Asta 4250 Fob  HCMC .

    USA  and Europe reports very thin spot inventory and Agents/Brokers there are  encouraging importers  to cover till January shipments as no major drop in prices are expected till new crop arrivals in Vietnam
    with not so promising stocks left in Indonesia from 2018 Crop . With significant share of crop already sold from Brazil already we do not expect prices reeling under pressure in the remaining part of last Quarter .Add coverage in dips for near term will be the right strategy otherwise met get squeezed in this volatile market .

    Please ask for pesticide complaint whole Black Natural and Steam Sterilized for positions up to January 2019
     

UNITED SPICE CO. LTD

Add: Lot D, D2& N2 Str., Nam Tan Uyen Industrial Zone, Tan Uyen District, Binh Duong Province, Vietnam 
Tel: (+84 650) 365 3719 / (+84 650) 365 3721 
Fax: (+84 650) 365 3718