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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Pepper Price Updates mid week 3
Black and White Pepper Prices which showed some very attractive levels after 6 months started bouncing back with Chinese entry for White pepper which pushed up the prices of limited and thin availability of old crop which was lying with few collectors .Now that Vietnam will be closed down from next week end till February 9 th we saw a mad rush in buying from those whose inventory levels have dropped to an all time low but with very [...]
Pepper Market Review week 45 2021
Week 45 witnessed sharp increase in pepper Prices in India which has been the highest in the world for years with the onset of grinding and festival season .Farm gate pepper which opened at USD 6075 on Monday moved up to USD 6750 at close of the week. But Prices in Brazil Indonesia and Vietnam were drifting a bit lower as buyers were absent for most part of the week as we are coming closer to the end of last last [...]