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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 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 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 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 [...]
The market in Vietnam saw prices on a stabilizing mode from Tuesday as most of the exporters who were shying away from the market finally showing heads up and started buying almost two weeks after the recent massive run up .Prices were trending higher from Friday on reports of the local speculators who bought pepper on paper squaring off their positions with collectors.Limited business was done at US$ 2475 for 500 gl Asta US$ 2525 for 550 gl Asta [...]
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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