Brazil still seen stable over the past few weeks with local currency that is under depreciation pressure over US dollars Brazil's real BRL, fell between 0.3% and 0.7%. Though in a good note, exporters’ woes with the rising production and shipping cost for Pepper could balance out the market pricing.
Brazil Pepper Plant Production
Espírito Santo as the epicenter of pepper production
reportedly seen with plants dying due to weather
condition with the degree of the damage that is still
unknown.
On the other hand, Pará harvest reportedly plummeted
by about 20%, due to high temperatures and lack of rain.
Brazil Pepper September Export
Brazil exported about 7,244 tons of pepper for the month
of September, with about 57,652 tons export volume for
the first nine (9) months of the year which is 4% lower as
compared to last year’s same period covered.
Brazil Pepper Export Destinations
Vietnam still a top importer of Brazil Pepper, managing to
import about 11,867 tons from Q1-Q3, down by about 9%
compared to last year same period. UAE, top two
importer at 5,464 tons, down by about 19% from last year
as well.
Germany and USA both import volume dropped down by about 60% and 92% respectively owing to the stricter import regulation due to Salmonella issue.
This report is part of
RGT Pepper Market Report – October 2023
Royal Golden Trading 2023. All Rights Reserved.
Posts
No comments:
Post a Comment