News

Pepper Market Review Week 20 2024

Black and white Pepper prices in Vietnam rallied further during the week scaring local  suppliers as well as exporters with more defaults locally with the huge increases in the domestic prices . We are yet to know about the delays and defaults from exporters side as we know local suppliers have been defaulting heavily to the exporters with prices increasing by US$ 1000 pmt after the Tet Holidays till now and US$ 700 pmt from the beginning of May [...]

Read more...

Pepper Prices Consolidates at 2024 Highs

Pepper Prices which opened 8% higher after May Day Holidays is consolidating at highs of 2024 as both multinationals and domestic companies comes in terms with new levels and started covering their short positions after waiting for 10 days.Though at one point there was a feeling that market might drop to the levels prior to holidays which was in the range of 95/96000  Dongs per kilo but now chances are looking bleak as many consumers have started following higher prices prevailing currently [...]

Read more...

Black pepper prices spike, likely to rise further

Black and White Pepper Prices in Vietnam which showed a bit easing mode on Monday moved up again from Tuesday to Friday with a further firming trend below the surface  As demand outstrips supply and imports become expensive, black pepper prices have risen, prompting growers to resort to hoarding in anticipation of bigger profits. That in turn is increasing prices even more. Shrinking  carryover stock in the Vietnam market ,  drying up of imports, hoarding and anticipated shortage in the current harvest due [...]

Read more...

Vietnam Prices unlikely to dip much this Year

Vietnam Pepper Prices which have been stabilised since end of February is very unlikely to dip as expected in Mid March with continued business from all continents with harvests at its peak and farmers resort to staggered selling as they are flushed with coffee funds which are currently almost at par with bench mark 500 gl FAQ Whole Black Pepper .Although we will see slightly lower prices locally but the weak Vietnam Dongs against US$ and € will make prices [...]

Read more...

Brazil Indonesia Vietnam Pepper Prices seen Consolidating but Indian Pepper Prices seen falling like 9 Pins in Week 10

Pepper Prices in major producing origins seen consolidating except in India where prices where continuously falling due to lack of demand with Elections at door step and harvesting at its peak. Brazil and Indonesia closely following Vietnam prices and currently there is no incentive for Importers in Vietnam to hedge their sales and has to depend entirely on Vietnam  Cambodia  and Laos   origin to fulfil  their commitments and at current rate Vietnam pepper will be sold out much earlier than last [...]

Read more...

Staggered Selling and Late Crop Arrivals Keep Pepper Prices High in Vietnam

Late Harvest coupled with Staggered Selling amidst panic buying for prompt shipments keeps pepper prices high In Vietnam in week 9 though expected to see some respite in pricing after the rally we saw after Lunar New year .Currently we see Vietnam is bombarded with inquiries from world over but we see demand for prompt shipments Outstripping supplies from farm gate . Harvest in Gia Lai has just begun which used to be Vietnam’s largest Pepper Producing Province, Next [...]

Read more...

Vietnam Pepper Fraternity Reopens after Holidays

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 [...]

Read more...

Stage Set for Rally in Pepper in 2024

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 [...]

Read more...