Monday, April 05, 2021

SPICES MARKET UPDATE 5th APRIL 2021 – WEEK 14

 






PEPPER
Last week, pepper prices had mixed daily fluctuations.
However, at the end of the week, pepper prices also increased by 1%.

We would like to send you the chart of price movements of the past week as follows:

 
Currently, the key material areas of pepper have basically finished harvesting from 85 - 90%.
We will send you the details of the harvest situation within this week.

Farmers / Middleman only offers a very small quantity to cover temporary costs.
The price is attractive so customer / exporters/ speculators… considering to stockpile or buying yearly shipment.
Vietnam's currency in stable trend with USD until second quarter 2021 is foreseen.

 

CASSIA
Northern rainfall does not support cinnamon harvest.
Customer demand very quiet but the price of cassia/cinnamon in general will be stable in this year.

STAR ANISE
Inventory is currently tight while demand is high. Prices are forecast to be stable

TURMERIC
Turmeric demand has increased while stock very tight. Market up significantly.
 
 
 










 



 


 




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