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Vietnam pepper markets are on fire with Chinese aggressively picking up White Pepper and Heavy Density Black Pepper from which white pepper is made .Local prices are almost near the highs ( 58-60 K VND ) of the year we witnessed for a day or two in April with very high degree of Speculative activities which subsequently dropped .in the current scenario we do not see such drop but market can see some correction if the Chinese retreats after a [...]
Black and White Pepper Prices In Vietnam closed higher by 8% on Black and 13% on White respectively with aggressive Chinese buying both black and white Pepper.The white processors capabilities. Are fully booked for the next 6 weeks by the Chinese.The shorts had but no choice other than to follow local prices to meet the commitments on time .Currently all is not well with the top of the list players who have reportedly shelled out millions of dollars to stay in [...]
Black and White Pepper Prices Continue to remain firm as Chinese traders were back after Golden Week Holidays which forced local shorts to follow the market and cover their pending commitments to Overseas Customers.The exporters are feeling the pain of mounting losses accumulating since end of March paying 25% more on raw materials and double the freight for cargoes sold last year and early this year especially to North America. The trade is currently facing the threat from a Vietnamese billionaire [...]
Black and White Pepper Prices in Vietnam closed mixed with a few collectors dropping their prices due to liquidity issues while most others were trying to hold on to previous weeks closing levels.While some exporters claimed good business from across the Globe at current levels others were complaining lack of follow through at higher levels other than for quick and prompt shipments or insignificant quantities to sustain higher levels. Brazil Asta prices were steady at 2400 FOB throughout out the week [...]
Global Pepper prices showed the biggest volatility of the decade during the week under review spearheaded by Vietnam where local prices at farm level surged from 48500 VND to 62000 VND per kilo and then retreating back to 55000 VND per kilo on Sunday .The shorts who were strangled were having various meetings in coffee shops and pubs besides closed door meetings how to fan the fire or extinguish it could not reach any concrete decisions.The biggies have asked [...]
Black and White pepper Prices increased close to 10% this week in Vietnam. Increased fresh demand ,short covering and speculative operations has encouraged farmers and collectors to hold and increase asking prices .Indonesia and Brazil firmed as well but Indian prices were steady . Local prices at end of the week surged to 47.500 Vietnam Dongs per Kg.Worlds largestGrinder Was shopping heavily in Vietnam picking up all offers for 570 gl and 500 gl Asta cleaned whole Black Pepper for July [...]
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