SPICES MARKET UPDATE 15th JUNE 2019

PEPPER:

Vietnam: Regarding to customs, Vietnam exported 148,515 tons of pepper, including 133,273 tons of black pepper and 15,242 tons of white pepper. Total export turnover reached 386.5 million USD. Compared to the same period of 2018, export volume increased by 34.8%, equivalent to 38,376 tons. The average export price of black pepper in the first 5 months of 2019 reached 2,537 USD/ton, white pepper reached 3,176 USD/ton. Compared to the same period of 2018, the export price of black pepper decreased by 23.1%, white pepper decreased by 36.7%.

China imported in the first 5 months of 2019 reached 36,038 tons, equivalent for 24.3% of total pepper export of Vietnam, increase of 128.4%, equivalent to 20,259 tons over the same period in 2018.

USA with 22,735 tons roughly 15.3%, increasing 3,893 tons. Markets with the next largest increase quantity as: Ireland increased 1,855 tons, India increased 1,563 tons, Germany increased 1,561 tons, Iran increased 1,417 tons, Nepal increased 1,396 tons, United Arab increased 1,112 tons, ...

Market increasing and limited offer in bulk from farmer/middleman. Chines has been buying White pepper significantly beside exporters covering raw material for June shipment. Even crop size 2019 of Vietnam is huge number 300.000 metric tons at least (our source and our opinion) but covered stock for June/July/Aug always recommendation even Indonesia crop is coming (June we foreseen total quantity export around 30 - 33k tons and first 6 months will be reaching roughly 180k metric tons). Vietnam currency suddenly stronger than USD, out of Vietnam Pepper exporters’ expectation.

Brazil: Offer still available to the market but limited and only further shipment. Vietnam/Indonesia only under high pressure when Para start for harvesting during Aug/Sept.   

Mr. Hien
Website: www.ptexim.com.vn

https://www.facebook.com/peppertrade.diffusion

IPC WEEKLY MARKET REPORT

Market this week showed mixed response.

In local market, Malabar black pepper was traded with a 1% deficit as compared to the previous week with an average of USD 5,039 per Mt.

India black pepper price in local currency was reported to experience a continuous drop from the beginning of the week and was closed at INR 347 per Kg on Thursday.

As the market resume after the Eid Mubarak Holiday, Indonesia black and white pepper were traded at an average of USD 2,104 per Mt and USD 3,506 per Mt respectively.

Sarawak black and white pepper was reported stable and relatively unchanged when compared with the previous week.
Recording a 2% spike as opposed to the previous week, Viet Nam black pepper became the only product which recorded an increase and was traded at an average of USD 1,890 per Mt. Whilst Viet Nam white pepper was reported stable.

Sri Lanka black pepper continued to be traded negatively, recording a 5% deficit as opposed
to the previous week while China white pepper was traded with an average of USD 4,775 per Mt.

In international market, India was the only origin to have recorded a deficit. FOB price of India black pepper was reported with a 1% deficit as compared to the previous week at an average of USD 5,327 per Mt.

Indonesia black and white pepper were traded internationally at an average of USD 2,567 per Mt and USD 4,138 per Mt respectively.
Malaysia black and white pepper remained stable and showed insignificant movement.

As offer dried up Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were reported with a significant 4%, 4% and a 3% spike respectively as opposed to the previous week.

China white pepper was reported at an average of USD 4,975 per Mt in the international market.

US market was reported stable and unchanged with Muntok spot price being reported at USD 5,072 per Mt.

SALT

 

http://www.magicspices.co.il/Mediterranean-salt.html