Excessive Speculation in Vietnam Spoils Global as high as 185 K Pepper Mart
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 multinational companies for 2024 with a very nominal carry over of 35 K mt and demand started outplaying supplies local speculators entered the market knowing fully well that most of the exporters are short pushing up the market by US$ 500 pmt and Certain days even US$ 1000 making it impossible for the exporters survive. Local collectors and processors started
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Best Rgds
Jojan Malayil
UNITED SPICE COMPANY LIMITED
Add: Lot D, D2 & N2 St, Nam Tan Uyen Industrial Zone, Khanh Binh Ward,
Tan Uyen District, Binh Duong, Vietnam 820000
Tel: +84 274 3653719 Fax:+84 274 3653721
Email : jojan@unispicevn.com
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