Pepper Market Review Week 46 2020

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 raising their quotes  to USD 3075 FOB for November / December shipments. Indian local prices moving drastically higher with
Festival demand pouring in this week.MG -1 was quoted USD 5000 FOB Cochin .We have to wait and see if Chinese retreat is temporary or not is the crucial thing to follow in Vietnam which will decide the direction of the market till the end of the year

Please call us to  discuss your needs till the end of the year or for early 2021 shipments.