Vietnam Pepper Prices surges again on Chinese Buying

Vietnam Pepper Prices surges again on Chinese Buying

After super typhoon yagi roaring into Hainan Province, China’s biggest pepper growing province Chinese traders are back in the Vietnam market as the traders are very bullish for next year with lesser crop in Vietnam expected and a substantial part of the carry over stocks already sold with Vietnam crossing the 190,000 mts exports by mid September this year . Local prices drifted late last week and early part of this week took a U turn as the Chinese were picking up stocks for their activities for  making good the losses in Hainan Islands . Brazil prices eased off to 6850-6900 fob for Sun dried Black .Indonesian exporters seem not to be interested to offer because of their heavy commitments taken till November to Vietnam and major Grinders in the United States and no reasonable quotes are available from that country .
 

Asian currencies have all appreciated against US$ so prices in US $ are all high this week across all origins.

 

Small Medium importers are buying hand to mouth and exporters have serious cash crunch in Vietnam as credit lines are cut and suppliers need immediate  payment on delivery. With major chunk of carryover stocks are sold this year and very low imports Vietnam is running out of stocks and won’t be surprised if local prices surpass the highs we have seen this year as the next (2025) crop also is delayed in Vietnam and will commence only on Late March or early April and it’s impossible for Vietnam to feed the world market for the next 5 months with the kind of stocks they have.

 

Please call us to organise your supply chain for the last quarter shipment of pesticide complaint Whole Black and white Pepper both conventional and steam sterilised 

 

At close of business following quotes were available on fob terms as local sellers were unwilling to offer firm

 

Whole Black Pepper 500 gl Asta Cleaned US$ 7250 pmt  

Whole Black Pepper 550 gl Asta cleaned US$ 

7400 pmt 

Whole Black Pepper 570 gl Asta cleaned US$

7550 pmt 

Whole White Pepper 630 gl Asta cleaned US$ 

10500 pmt 

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  

www.unispicevn.com

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