Pepper Market Review Week 49 2020

Pepper Market Review Week 49 2020

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 fob Cochin, Indonesian Lasta 3.05/- kg fob Panjang and Brazil Asta 2.8/- kg fob Belem.Vietnam 500 gl Asta cleaned USD 2.850 550 gl Asta 2.950 and 570 gl Asta 3.025 pmt FOB HCMC for December /January subject equipment and space availability.

Very recent new crop estimates of Vietnam 2021 crop by a multinational multi origin Processor also agreeing with our estimates done a couple of months ago at 200.00 mts which will not see lower prices of 2020 and they also believes the current prices are good levels to cover for the first two quarters at least .

It’s for certain the shipping difficulties will continue till late March or early April 2021 so call us to discuss your needs for the first quarter.Might get an opportunity in week 50 or 51 for that is what we firmly believe .

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