Showing posts with label USA. Show all posts
Showing posts with label USA. Show all posts

Tuesday, September 08, 2020

VIETNAM PEPPER MARKET UPDATE 8TH SEPTEMBER 2020 – WEEK 37

 



 

According to the estimate of the Import and Export Department, pepper exports in August reached 18 thousand tons, worth $ 45 million, down 0.1% in volume but up 0.3% in value compared to July. Compared to 8/2019 decreased 4.6% in volume and 3% in value.

In the first 8 months of 2020, pepper exports reached 203 thousand tons, worth $ 445 million, down 7.4% in volume and 19.9% in value over the same period in 2019.

In August, the average export price of pepper was estimated at 2,500 USD/ton, an increase of 0.4% compared to July and an increase of 1.6% compared to August 2019.

In the first 8 months of 2020, the average export price of pepper was estimated at 2,198 USD/ton, down 13.5% over the same period in 2019.

Market opening this week with firmer trend due to good demand from EU after long vacation. USA showing many interesting to cover fourth quarter 2020 and first quarter 2021 shipment but we heard Vietnam exporters withraw or have not give any discounting on the price. China we foreseen will back again very soon to cover enough stock 2020 after only booked 1.240 tons in August. Vietnam farmer will walk with deliberate step and not hurry to offer when their stock has reduced remarkable. 

Indonesia White pepper up daily and very less offer due to poor crop. Black Pepper is moving up and less offer is predictable.

Brazil Market firm/up tone and less offer when exporters prefer to cover short position. We heard crop maybe affected due to farmer not take care much in Para crop and density of pepper is lower than expectation.  


 

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On August 24, 2020, The Vietnam Ministry of Industry and Trade issued Decision No. 2250 / QD-BCT announcing the List of “Reputable exporters” in 2019. PTEXIM is honor to be the honored pepper exporter.

The list of “reputable exporters” in 2019 was synthesized and announced on the basis of selection and proposal of 55 agencies and organizations including ministries, industries, commodity associations, provincial Department of Industry and Trade with strict criteria for 25 commodity sectors as regulated by the Ministry of Industry and Trade on minimum export turnover, reputation of business with foreigners, and observance of legal regulations on customs. environmental protection tax…

As one of the leading professional exporters in Vietnam’s pepper market. PTEXIM has been recognized and honored by the Ministry of Industry and Trade as a “reputable exporter” in 2019. We understand and persevere in pursue the goal of quality products, professional services and brand reputation as the foundation for sustainable development for businesses with all responsibilities and passion. We hope continue to receive your support.

 

 

 

Wednesday, March 18, 2020

#Coronavirus impact: Global pepper market witnessing a grim scenario




Rajesh Ravi |
March 18, 2020
Global pepper market is witnessing a grim scenario with no demand seen in the past two weeks as the coronavirus outbreak impacts its prices in Europe and the US, bringing down by 6-8 % in 2020. This could fall further with COVID-19 as it spreads to key markets of the US and Europe.

Jojan Malayil, chief executive officer of Kochi-based Bafna Enterprises, said the situation was very grim and buyers were not even asking for the rates.
“There is an extreme fear in the market and our regular buyers are in the wait and watch mode. Suppliers of spices in the US market fear a drop in demand if the disease spreads to more cities and people. Prices could drop further if the situation continues like this,” he said.

Jojan said Vietnam was offering American Spice Trade Association (ASTA) grade pepper for $1,950 per tonne, while Brazil and Indonesia are quoting lower than that. However, Rajiv Palicha of Nedspice India told FE that there was not much disruption in pepper trade except in container movements slowing down due to problems in China. “Prices of all spices have declined 8-10% and arrival of the new crop in pepper has added to the pressure. There is a slight slowdown in demand from China and Italy but overall, the trade has not seen big disruptions,” he added.

Pepper Crop Report by Nedspice in January 2020 reported that new crop arrivals were expected to peak between February and April putting further pressure on pepper prices over the upcoming months. The report added global production was estimated to drop by 12% this season, but the overall stocks were expected to be still well above the total market demand.

Palicha said domestic demand for pepper and trade has not so far been disrupted due to the virus outbreak. India is the largest consumer of pepper in the world and the second largest producer after Vietnam. Traders believe that a revival in Chinese demand could help support pepper prices to a certain extent in the short run.



Published: March 18, 2020 3:00:05 AM
https://www.financialexpress.com/market/commodities/









WHATSAPP +5511988027709
MAIL manager@peppertrade.com.br
TWITTER : https://twitter.com/peppertrade
 

Wednesday, December 18, 2019

IPC MARKET REVIEW - November 2019

During the course of 11 years, spot price on New York markets fluctuated and was reported to firstly spike up in November 2011 with USD 8,556 per Mt for black pepper and USD 12,922 per Mt for white pepper which then followed with decreasing trend which lasted for 3 year. The spot price on New York market then started to gradually increase in the middle of 2013 until it peaked in July 2015 and recorded the highest price in history of the pepper industry with USD 11,333 per Mt for black pepper and USD 16,496 per Mt for white pepper. Following the peaked in July 2015, the spot prices of black and white pepper gradually decreased and lasted longer, compared with the previous trend, until the present time with USD 2,977 per Mt for black pepper and USD 5,072 per Mt for white pepper recorded in July 2019. Furthermore, in the course of 11 years the lowest spot price was reported in March 2009 with USD 2,568 per Mt for black pepper and USD 4,025 per Mt for white pepper (Chart 10).
The shift in the stretching of the decreasing trend of pepper price in the past few years could be contributed to the significant increase of stock in the global market which imbalance with the demand for pepper. By the end of 2019, the global production of pepper is estimated to be 591,946 Mt.

DOWNLOAD THE FULL REPORT

www.mediafire.com/fi…/ydzut32v004vado/pnmrNov2019A4.pdf/file


Wednesday, November 13, 2019

SAFRON - USA TESTS GROWING POSSIBILITY

Researchers in Rhode Island have been growing test plots of the pricey plant—and it's thriving. Some think this could disrupt the global saffron economy.

 Jessica Fu








Dr. Rebecca Brown thought that the sun had set on this year’s saffron harvest. The autumn-blooming plants—which she and her colleague had planted in the University of Rhode Island’s agronomy farm to the northwest of campus—hadn’t produced flowers in days, and winter was imminent.

“We were already a couple of weeks into harvest,” she says. “We thought it was finished.”

Then on Thursday morning, Brown discovered that, unexpectedly, fresh flowers had sprung out from the soil overnight—a sign of just how suitable growing conditions on the Northeast could now be for a lucrative plant that Americans have traditionally imported.

This is the third year that Brown and her colleague, Dr. Rahmatallah Gheshm, have harvested saffron in Rhode Island. Brown is an associate professor of plant sciences, and Gheshm is a postdoctoral fellow in agro-ecology. Their harvests are part of an ongoing research project aimed at assessing how viable commercial farming of the crop could be in the Northeast.

Saffron flower in handRahmatallah Gheshm   

The disproportionate amount of work that goes into producing each strand makes saffron the most expensive spice in the world, commanding up to $10,000 per pound

“We’re just trying to answer some very basic questions starting with: Can we grow saffron outdoors in Rhode Island?” Brown says. “[We’re] looking at whether we needed to provide winter protection or not, and what sort of planting density would be best here.”

At the center of every saffron flower are three thin, red threads, called stigma. Once extracted, producers sell these stigma as a valuable and aromatic spice, also called saffron, a coveted ingredient in Middle Eastern, South Asian, and European cooking. Its labor-intensive production and the disproportionate amount of work that goes into producing each strand makes saffron the most expensive spice in the world, commanding up to $10,000 per pound. This means that farmers in the Northeast stand to make a lot of money if commercial saffron harvesting could be incorporated into their production schedule.

Saffron plants in Rhode Island don’t appear to need the protection of hoop houses during the winter, when the leaves sprout in scallion-like grasses.

To conduct their research, the scientists planted 6,000 corms—the bulbous beginnings of every saffron flower—into a field measuring approximately 158 square feet. The land was divided into 16 separate plots, each measuring about 13 by 2.5 feet. To find saffron’s optimal growth conditions, Brown and Gheshm varied density among the plots, protected some with hoop houses during the winter, and left others uncovered year-round.

The idea to grow saffron in Rhode Island came to Gheshm after he was inspired by the Vermont-based saffron research of a friend and former classmate he’d met in their shared home country, Iran. He was curious about how harvest of the spice could be transferred to the particular climate of the Ocean State.

“The milder winters encouraged us to try planting saffron outdoors in Rhode Island, in southern New England,” Gheshm says. In Vermont, researchers needed to transfer their saffron plants into hoop houses during the winter to protect them from the cold.

The study’s results won’t be final until after this season’s harvest is over, but Brown and Gheshm tell me that they’ve already gleaned some preliminary findings. For one, saffron plants in Rhode Island don’t appear to need the protection of hoop houses during the winter, when the leaves sprout in scallion-like grasses. After this year’s harvest, Brown and Gheshm plan to conduct a follow-up experiment, looking at how saffron farming might be able to co-exist—particularly in the summer when saffron plants are dormant—with other crops that local farmers already grow. The project has secured funding from the Department of Agriculture’s Specialty Crop Block Grant Program.
Saffron samplesRahmatallah Gheshm   

At the center of every saffron flower are three thin, red threads, called stigma. Once extracted, producers sell these stigma as a valuable and aromatic spice

“Could we grow something else like basil or lettuce on that land while the saffron is sleeping underneath?” Brown asks. If so, farmers “could make more money off the space.”

Right now, Iran is the highest saffron-producing country in the world, exporting nearly half of the world’s market, according to UN trade data. However, compared to the sunny, dry conditions in Iran, Rhode Island has a much higher humidity level—the impact of which Brown and Gheshm wanted to observe in their study. So far, however, it appears that the humidity might not be a problem. U.S. is a major saffron buyer, and its demand has never been higher. In 1992, the U.S. imported $3.17 million worth of the spice, a value that has since risen steadily to $16 million last year, according to Census data.

Because of issues like America’s economic sanctions against Iran, Gheshm explains, most of the U.S.’s saffron imports come from through Spain, which is both a major importer and exporter of the spice. Brown believes that local production of saffron can meet the rising demand from American consumers, which she attributes to an increasingly diverse population. What better way to get around a middle man than to grow it in our own backyards?

https://newfoodeconomy.org/saffron-northeast-university-of-rhode-island-iran/

Jessica is a reporter for The New Food Economy. Reach her by email at jessica.fu@newfoodeconomy.org and on Twitter @JessTiaFu.