BRAZIL PEPPER UPDATE FOR THE WEEK 37

Brazil export volume for August month this year have reached an approximate 4,165 tons, higher of about 15% from last month volume export but down of about 40% from last year same month volume.
For the first eight (8) months, Brazil was able to export a total of 55,730 tons estimate.
Although volume exported is lower of about 11% from last year same period recorded, the export FOB sales have advanced at about 19% in contrast from last year same period turnover while about 30% higher FOB value average per ton in record.

A week market recap with good demands keeping its standing in market still firm.
Last traded was at level $3950-4000 FOB still considered competitive level as compared to its other origins which are notably higher of about $100-150/ton.
Though freight is worsening at this region, certain destinations are still considered a cheaper alternative as compared from Asian load ports.

Extract from RGT Pepper Market report week 37

RGT Pepper Market Report Week 37/ 2021 © Royal Golden 2021. All Rights Reserved.