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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 [...]
Black Pepper prices during the week increased by US $ 650 pmt for the machine dried variety in Brazil from US$ 6450 fob from last week end and at close of today to $ 7050 fob.Offers for 570 Asta grade was not easily available and local prices in Vietnam increased rapidly in the last two days with very little Chinese buying and local prices moved from 140,000 Vietnam Dongs per kilo to 150,000 Vietnam Dongs per kilo.Vietnam is closed [...]
Black and White pepper prices in Vietnam increased USD 200 pmt during the course of the week with limited inventories available for sale in the market as from January to mid August Vietnam exported 174,000 mts of pepper including imported which amounts to 25000 mts through official channels and another 15000 mts through its borders from Cambodia and Laos . The estimated out put was pegged between 160-180,000 mts for 2024. Most of the previous years carry over was [...]
Subdued demands from western markets as well as Asian and African markets coupled with new crop harvest in Brazil and Indonesia gaining momentum prices started moving south during the week. Lack of demand from across the Globe is putting pressure on Vietnam where at close of week price was down by 5000 dongs per Kilo compared to previous week. Although locals still expect Chinese to be back in the market soon but a Chinese trader whom I met last week [...]
Week 29 a very quiet one in Vietnam with very little demand from overseas buyers suddenly getting active at weekend with Chinese traders showing their heads up after a gap of 10 months driving away collectors who were looking for liquidity by selling small volumes to keep the ball rolling . Is this going to be a game changer for a country which is running out of stocks with lower production in current year and meagre imports and guesstimated [...]
Black and White Pepper Prices in Vietnam closed a tad lower in the week under review with major operators turning their buying mostly to Indonesia where the harvest has just begun .Since price levels are same in both Indonesia and Vietnam exporters are trying their best not to disturb Vietnam market where most of current crop is already sold and exported . Big buying interest will flare up the market to the disadvantage of the operators . Brazil where [...]
Black and White Pepper Prices continue to remain volatile with Lions share of 2024 Crop (estimated between 157 K to 170 K ) has already sold and exported till June 2024 ( 140 K) Import of 20 K during the same period and estimated carry over of 35 K which are lying in very strong hands which might come out only when it surpasses the highs of 2015.The Brazilian crop of 70K and Indonesian Crop of 25 K may [...]
Heavy Speculative buying which started after May Day Holidays which brought prices as high as 85% from the beginning of the year without much quantities involved as farmers have sold 95 % of the crop between 90-98 K Vietnam Dongs per kilo because of higher returns compared to previous year and almost 130 k pepper exported till 15 th June from an estimated crop size of 157 to 170 K depending on the conclusions of different agronomists of both domestic [...]
Black and White Pepper Prices which increased 85% in just 4 weeks dropped 25% in 12 days with buyers deciding not to follow the ever increasing domestic prices and delay or default shipments which was a chain of action from farmers to collectors and collectors to exporters making pepper trade impossible for the entire supply chain .Although some Chinese buying was reportedly done for White pepper at higher levels Black pepper did not get any support worthwhile from Chinese traders. Vietnam has [...]
For the past few weeks, confusion prevails in the pepper market in view of the uncertainty over the availability of the material in Brazil Indonesia and Vietnam. Prices have been skyrocketing every other trading session with USD 500 and USD 1000 per metric ton increase and in the last six weeks prices have almost doubled in all the major origins except in India where prices are already high though increased but not to the same extent like other origins [...]
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