Update on the pepper market
The pepper market continues to exhibit strong bullish tendencies. Our clients frequently inquire about the ongoing developments.
The latest update from Vietnam confirms a reduction in harvest,
approximately 18% below last year's levels. Many farmers have shifted to
coffee cultivation we even see avocado planted nowadays, and pepper
plant maintenance has declined. This has significantly contributed to
the price surge.
Farmers' financial stability is now robust,
allowing them to withhold pepper stocks and tighten supply. This
strategic withholding has driven prices up since February. \
We've
experienced daytime rallies with prices jumping by $100/MT. The market
remains highly volatile, with prices fluctuating daily and even within
the day. Our team is fully equipped to navigate these fluctuations and
keep our clients informed.
Looking ahead, Brazil is unlikely to
bring calmness to the market due to strong concerns about expected
output of their upcoming crop. Additionally, Indonesia's new crop of
Muntok (white pepper) and Lampong (black pepper) in July and August will
not significantly impact the market since it is less each season.
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the latest updates and detailed insights, ensure you're subscribed to
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subscription and stay ahead in this dynamic market.
Stay tuned for more updates as we continue to track these developments closely.
van der does
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