Pepper prices flare as output douses
With a fall in output and a rising price, pepper farmers in Brazil too have started holding back their stock, expecting the shortage to worsen and fetch them much more return.The price today for farmgate pepper hit US $ 7500 today equivalent to US$ 8000 FOB for ASTA Grade Machine Dried a rise of 30 per cent in two weeks according to major Brokers operating from that country . We saw similar price rise in Vietnam new crop harvest peaked and prices increased almost US$ 4000 pmt and then dropped US$ 2000 per tonne and last week and this week we saw prices increasing again by US$ 1000 pmt and can’t find sellers locally and Indonesia who were giving little relief has suddenly disappeared from the market. Keep coverage for your needs as lower prices you saw in August are not going to be seen in the near future. Call us to discuss your needs for near term
Best Regards
Jojan Malayil
UNITED SPICE COMPANY LIMITED
Add: Lot D, D2 & N2 St, Nam Tan Uyen Industrial Zone, Khanh Binh Ward,
Tan Uyen District, Binh Duong, Vietnam 820000
Tel: +84 274 3653719 Fax:+84 274 3653721
Email : jojan@unispicevn.com
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