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Vietnam Pepper Fraternity Reopens after holidays but suppliers still on holidays waiting for Feb 19 the most auspicious day to start new year business .Farmers flushed with funds from coffee trade are indicating US$ 3600 pmt for the bench mark 500 grams per Litre New Crop with 14% Moisture and Max 3% Admixtures. It was very hard to get firm offers till close of business on Friday 16 Feb 2024 . Market most likely as we predicted will open [...]
Pepper Production in Vietnam and Brazil hitting 15-20% lower in 2024 with limited Carry Over from 2023 and limited coverage done by western industries Stage is being set for a rally in Prices in the ensuing year . Prices in Vietnam as well as Brazil was firmer before they closed for Lunar New Year Holidays and annual Carnival In Brazil . In the month of January Vietnam imported 2501 mts of pepper mostly from Brazil and Vietnam exported 17537 metric tons in [...]
Pepper Prices in all origins closed firmer during the week although we saw little easing off prices in Vietnam in early part of the week but thin inventories pushed prices back up again at close of the week slightly higher than that of week 49 close.Brazil has been the focus of attention since last three weeks being the cheapest origin as Asian buyers were very actively covering besides Europe but with continued increase in ocean freights at close of [...]
Pepper Prices in Brazil India and Indonesia moved up further high during the week but Vietnam towards end of the week was beneath the surface started to ease off a little the gains made in the previous trading days with exporters soft pedaling as Chinese disturbances were not felt throughput the week besides lack of equipment and space in both feeder and Mother Vessels from Vietnamese sea ports . Indian MG-1 Prices were hovering around the US$ 5/- a kg [...]
Pepper Prices continued its upward parade during the week under review also in all origins. Notable feature was Vietnam prices closed at the previously highs of the year without Chinese interventions. Demand for prompt and December shipments coupled with short covering of earlier commitments pushed prices further high and it looks like we will see prices establishing new highs in the coming days with 90% of the crop already exported till date we can already feel the squeeze for material especially the [...]
Black and White pepper continue to surge further across all origins during with week under review . Vasta parity for 570 gl closed at USD 2950 FOB but the undertone was slightly weaker with the aggressive Chinese buyers Retreating a little but local sellers were not willing to discount as they were expecting further hike in prices in the current scenario with very thin raw material availability and escalating prices in Brazil B1 Quotes moving to US$ 2575 FOB and Indonesian sellers [...]
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 [...]
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