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 week harvest in Daklak the second largest Producing province will commence and by third week we expect the flows to increase and one will be able to buy hundreds of ton of pepper at same price from various collectors unless they hold the pepper tight like they did in coffee  in which we saw almost 45 % increase in just 16 weeks. Pepper had already seen a USD 1000 per metric ton in the last 8 weeks . Patience pays according to stalwarts in the trade for decades  meaning if you have patience you can buy cheaper in second half of March or first half of April  in Vietnam. prices in Indonesia for 570 gl Asta was quoted USD 4300 FOB for July to December shipments as they are expecting a bumper crop this year Quotes from Brazil  Sun Dried To EU market: B1 min 560 GL at US$ 4700/MT FOB. B1 min 560 GL at US$ 4450/MT FOB. B2 min 500 GL at US$ 4350/MT FOB. Machine Dried ASTA min 570 GL at US$ 4400/MT FOB. B1 min 560 GL  at US$ 4350/MT FOB. B2 min 500 GL  at US$ 4250/MT FOB.