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Black and White Pepper Prices which showed some very attractive levels after 6 months started bouncing back with Chinese entry for White pepper which pushed up the prices of limited and thin availability of old crop which was lying with few collectors .Now that Vietnam will be closed down from next week end till February 9 th we saw a mad rush in buying from those whose inventory levels have dropped to an all time low but with very [...]
Week 45 witnessed sharp increase in pepper Prices in India which has been the highest in the world for years with the onset of grinding and festival season .Farm gate pepper which opened at USD 6075 on Monday moved up to USD 6750 at close of the week. But Prices in Brazil Indonesia and Vietnam were drifting a bit lower as buyers were absent for most part of the week as we are coming closer to the end of last last [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Black and white Pepper Prices closed firmer in Brazil and Indonesia narrowing the gap between Vietnam prices for the Asta variety. Indian prices were rock steady throughout the week and Vietnam prices towards end of the week was showing some signs of easing as Chinese became less aggressive at close of the week With more than 90% of 2020 crop already sold we do not see any interest from stakeholders to sell off and realize cash. Imports in the first three [...]
Black and White Pepper Prices closed firmer across all origins during the week especially in India and Vietnam. Short covering and new orders for nearby and last quarter coupled with Chinese entry into the Vietnam market pushed prices up further toward the north. Farmers have already sold 90% of their 2020 harvest and hence there is zero interest to sell. Local Dealers and Collectors who have some buffer are selling but by bit as the prices advanced throughout the [...]
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