20-Jun-20
The March cassia crop (the main crop) ended more than a month ago.
Due to Covid pandemic, transactions in March-April was bleak, but since May the orders have increased and factories have been active in collecting goods to perform the signed contracts.
Cassia is no longer in farmers now, local traders also sold nearly all their stock to factories.
Currently, the amount of cassia, especially cigarette cassia have started to be scarce, the price of split cassia, broken cassia have increased by USD 200-300/ton compared to the price of early June.
The prices of cigarette cassia in factories are very different.
Some factories offer a little higher than the price in early June, possibly because they have collected more goods. But there are factories offering cigarette cassia very high, more than USD 300-400/ton compared to the average price in early June.
The market of Vietnamese cigarette cassia during last 2 years is quite good, high demand due to Indonesia price which are much higher than Vietnamese prices, so buyers turn to Vietnam.
It is expected that in coming time, price of cassia will continue to be stressful, especially for cigarette cassia, when the demand in countries recover after the pandemic while inventories are not much, the new cassia crop (subsidiary crop) will be available in Nov-Dec.
As in 2017/18/19, the price of cigarette cassia usually increases sharply from July to year-end.
CHECK OUR OFFERS AT https://offers-peppertrade.blogspot.com/
TODAY´S LAST
https://offers-peppertrade.blogspot.com/2020/06/steam-sterilized-product-eu-compliance.html
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