•
Pepper price last week increased fast 50 – 100$ at the beginning of the
week. After that correction again when some speculators / dealers sell
stock to take profit. Otherwise some dealers have been selling pepper
stock to make a budget for coffee business when the coffee crop starts
at the beginning of this month. However, prices rose again on the
weekend and were stable at 90.500 – 91.000 vnd raw material.
• Pepper prices have increased by 1% last week and up 10% within the first half October.
• USD has been stable compared with VND.
• Europe and the US have started buying again.
• The Middle East to cover raw material again after a long time by hand to mouth.
•
China's very slow buying continued from the beginning of October
regardless; they only imported 1.293 tons in Sept (normally needing
around 5.000 metric ton per month).
•
Currently, the Central Highlands provinces (key pepper provinces) are
still experiencing heavy rain. Vietnam is in the rainy season, so it is
forecasted that there will be more widespread rains, or tropical
depressions and storms. This will significantly affect the 2022 crop.
•
The 2022 pepper crop is forecasted to continue to decrease quickly
compared to 2021. The crop will also come later because of the
phenomenon of many leaves and pepper trees starting to have flowers. The
main crop forecast of the harvest will be late in February-March 2022.
(Please note; Vietnam Coffee crop has already been delayed 1 month at
least this crop. Now harvesting but very slowly and coffee quantity in
the new crop not much available)
Please see the REPORT FILE & FULL QUOTATION LIST by click to download.
https://drive.google.com/file/d/1yMpoA9rdV59Iz6bkBybQBtCSjWPrh33p/view?usp=sharing
(Please note; market changing fast so price need to update & reconfirmation)
Sincerely Thank you!
Posts
No comments:
Post a Comment