Monday, December 07, 2020

VIETNAM SPICES MARKET UPDATE 7TH DEC 2020 – WEEK 50


 

PEPPER
 
Vietnam exported reached 21 thousand tons in November, 
worth $ 53 million, down 4.5% in volume and 1.1% in value compared to October.
However, compared with November 2019 increased 23.6% in volume and 33.5% in value.

In the first 11 months of 2020, pepper exports were estimated at 263 thousand tons, worth $ 596 million, down 1.7% in volume and 11.5% in value over the same period in 2019.

Average pepper export price in November was estimated at 2,543 USD/ton,
up 3.6% over October and up 8.1% compared to November 2019.

In the first 11 months of 2020, the average export price of pepper was estimated
at 2,268 USD/ton, down 10% over the same period in 2019.

Pepper prices last week, after increasing by 5%, had corrections
down by 3% for the 49th week.

The main reason was that exporters had covered enough production orders for November shipment. In addition, the situation of freight to other countries continues to increase and it is difficult to get the booking from shipping agent, which has caused the cargo to stuck at the processor and at the port.

Most are waiting for the cost freight adjustment in December, but as information we received, the freight will continue to remain at a very high price in the next 2-3 months at least.
There is a shortage of empty containers and a sudden drop voyage from Vietnam to other destination is seriously.

 

We would like to send you flowchart Vietnam Pepper first 10 Months 2020 as below;

 

 

 
 
 
2/ CASSIA; 

 

Market steady/uptrend continuing in the short term even demand slow because new crops still have to wait until the next 4 months. Stock in tight situations, farmers/collectors  not prefer to offer in bulk.

 

3/ STAR ANISE;

 

Demand very slow especially from China and market correction 15% within 2 weeks. Buyers hesitate and not willing to pay at these level.

 

4/ TURMERIC;

 

New crop will be starting next month and we can offer you different grade with low/high curcumin standard such as TURMERIC FINGER/POLISHED TURMERIC FINGER, TURMERIC POWDER, TURMERIC SLICE SUN DRIED, WASHED TURMERIC SLICE SUN DRIED, TURMERIC SLICE MACHINE DRIED...

 






 CHECK FOR LATEST PRICES & OFFERS HERE:
https://offers-peppertrade.blogspot.com/2020/12/vietnam-spice-offers-december-7-2020.html

IPC PEPPER MKT REPORT No. 49/20, 30 November - 4 December 2020




LOCAL MARKET REPORT

Market this week was reported with a positive outlook. In local market, Malabar black pepper was reported with an increase of 1% when compared to the previous week at an average of USD 4,506 per Mt. Indonesia black pepper was reported stable averaging at USD 2,135 per Mt. Whilst, Indonesia white pepper was reported with an increase of 1% when compared to the previous week at an average of USD 3,953 per Mt. Malaysia black and white pepper were reported stable and were traded at an average of USD 2,167 per Mt for black pepper and USD 3,643 per Mt for white pepper. Furthermore, Viet Nam black and white pepper were reported with an increase of 1% and 4% respectively as opposed to the previous week to an average of USD 2,391 per Mt for black pepper and USD 3,467 per Mt for white pepper. Sri Lanka black pepper was reported stable and was traded at an average of USD 3,013 per Mt. China white pepper was reported stable and unchanged.

INTERNATIONAL MARKET REPORT

International market showed a rather stable outlook as India black pepper was reported with the same increase of 1% when compared to the previous week at an average of USD 4,777 per Mt. Indonesia black pepper was reported stable, averaging at USD 2,605 per Mt. Whilst, Indonesia white pepper was reported with an increase of 1% when compared to the previous week averaging at USD 4,638 per Mt. Malaysia black and white pepper were reported stable and unchanged. Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper as well as China white pepper were also reported stable and unchanged.

Pepper price in US market was reported with a decreasing trend as well as limited offers. Muntok white pepper in US Market for CF December/January was reported at USD 4.800 per Mt. 

 

 


Friday, November 27, 2020

CARDAMOM GUATEMALA - UNUSUAL BAD WEATHER PUSHES PRICES UP




 

During November, ETA & IOTA Hurricanes hit Central America (Nicaragua, Honduras, Guatemala and el Salvador).  In Guatemala, the biggest impact was in the North Region, including Alta Verapaz, Izabal, Quiche and Huehuetenango, states, which are the most important regions of Cardamom in Guatemala.

 





These hurricanes caused floods, landslides, road damages, infrastructure damages in the rural and urban areas, Cardamom, Coffee, Corn, Beans and other crops plantations suffered serious damages; cardamom prices behavior for the rest of the season are difficult to determine. The first estimations done in August 2020 at the beginning of 2020-2021 Crop, had shown around 10%-20% more production in comparison with 2019-2020 crop. However, based on the preliminary reports after ETA & IOTA hurricanes, the total volume of 2020-2021 crop could be the same as 2019-2020 crop.

 

During the upcoming weeks it will be possible to have more data, because up to today there are still roads damaged without access due to landslides, there are still areas under water, and some rivers until now have started to return to their normal levels.  

 

We are on the peak of the harvest season, which is about to end, however, prices have remain firm at high levels.




Friday, November 13, 2020

IPC PEPPER MKT UPDATE No. 46/20, 9 - 13 November 2020



LOCAL MARKET REPORT

Market this week was reported with a positive outlook as only China was reported stable. In local market, Malabar black pepper was reported with an increase of 2% when compared to the previous week at an average of USD 4,403 per Mt. Indonesia black and white peppers were reported with an increase of 4% and 3% respectively as compared to the previous week averaging at USD 2,140 per Mt for black pepper and USD 3,838 per Mt for white pepper. The increase of Indonesia pepper could be contributed to the strengthening of Indonesian Rupiah against US Dollar (IDR 14,134 @ USD 1), an appreciation by 3% recorded. Malaysia black and white pepper were reported with an increase of 1% respectively when compared to the previous week and was traded at an average of USD 2,139 per Mt for black pepper and USD 3,596 per Mt for white pepper. Furthermore, Viet Nam black and white pepper were reported with an increase of 6% respectively as opposed to the previous week to an average of USD 2,337 per Mt for black pepper and USD 3,210 per Mt for white pepper. Sri Lanka black pepper was reported with an increase of 3% as compared to the previous week and was traded at an average of USD 2,982 per Mt. China white pepper was reported stable and unchanged.


INTERNATIONAL MARKET REPORT
International market also showed a positive outlooks as India black pepper was reported with the same increase of 2% when compared to the previous week at an average of USD 4,673 per Mt. Indonesia black and white pepper were reported with an increase of 4% and 3% respectively as compared to the previous week averaging at USD 2,610 per Mt for black pepper and USD 4,551 per Mt for white pepper. Malaysia black and white pepper were reported stable and unchanged. Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were reported with an increase of 5%, 4% and 3% respectively as opposed to the previous week to an average of USD 2,775 per Mt, USD 2,856 per Mt and USD 4,345 per Mt respectively. China white pepper was reported stable and unchanged internationally. 

 


 

Tuesday, November 10, 2020

VIETNAM PEPPER MARKET UPDATE 09 NOV 2020 – WEEK 46


 

Pepper exports in October reached 19 thousand tons, worth 48 million USD, up 4% in volume and 4.9% in value compared to the last month, compared with October 2019, up 11.9% in volume and 17.1% increase in value. In the first 10 months of 2020, pepper exports reached 239 thousand tons, worth 537 million USD, down 4.6% in volume and 15.2% in value over the same period in 2019.

Average pepper export price in October was estimated at 2,526 USD/ton, up 0.9% compared to September and 4.6% to October 2019.

Export of ground pepper has also achieved impressive quantity and continuous growth over the years, exports of ground black pepper increased by 37.5% in volume and 26.6% in value compared with the same period in 2019 reached 24.3 thousand tons, value 68.14 million USD. Ground black pepper to most major markets increased, including USA, UK, Netherlands, Japan, Australia, Thailand, Sweden, China, and Korea.

Many countries relax social distancing especially with the main import markets such as the USA, China, and India. After 4 months of moderate buying (July to October), we have foreseen China becoming more aggressive to stockpile during November. Otherwise, the Vietnam - EU Free Trade Agreement has opened up so we hope for many other opportunities for Vietnam's pepper in the coming time.

After being affected by many storms and tropical depressions, the weather in the key pepper areas of Vietnam was much better when the rainfall decreased significantly, the weather was generally quite favorable. However, the pepper market still steadily increased in price at week 45 as demand continued to increase in almost all markets ASIA/AFRICA/USA (except the EU) and especially increased strongly from China.

Due to the heavy rains, this year's crop in Vietnam is expected to be harvested at least 1 month later than previous years. The earliest harvest area in Daknong province almost only begins harvesting in January (Year 2017/2018/2019 harvested a little in early December).
The pepper prices were low last year, so the pepper string was uneven and sparse due to the lack of fertilizer and farmer care. This may cause the quantity of light berries to drop sharply in the 2021 crop (light berries and light berries to extra oil). In addition, pepper prices may stabilize and increase in 2021 that encourage farmers to have the psychology of storing, not harvesting early, and not picking green pepper corn like 2018/2019 to sell. The shortage of light berries pepper in the first quarter of 2021 is the possibility to make pepper pricing in the main season not come down as expected. Last 2 years, light berries prices have sometimes gone up 100 – 200$ within 1 – 2 days that make pepper raw material also moved up.

In addition, the harvest is likely to be slower next crop 2021, the demand for white pepper in all markets is very high while the raw materials harvested at the beginning of the 2021 season cannot be used for white pepper production due to low density. This is also a significant factor affecting prices in the coming time.

Other information; Several inquiries not only from overseas but also in local traders for next year shipment 2021 with the price is the similar prompt shipment for large quantities.

 


 

Friday, November 06, 2020

IPC PEPPER MARKET UPDATE - No. 45/20, 2 - 6 November 2020


 

LOCAL MARKET REPORT

Market this week showed a mixed response as only Indonesia was reported with an increase. In local market, Malabar black pepper was reported with 1% deficit when compared to the previous week at an average of USD 4,335 per Mt. Indonesia black and white pepper were reported with an increase of 1% and 2% respectively as compared to the previous week averaging at USD 2,065 per Mt for black pepper and USD 3,717 per Mt for white pepper. The increase of Indonesia pepper could be contributed to the strengthening of Indonesian Rupiah against US Dollar (IDR 14,529 @ USD 1), an appreciation by 1% recorded. Malaysia black and white pepper were reported stable with a marginal increase and was traded at an average of USD 2,123 per Mt for black pepper and USD 3,569 per Mt for white pepper. Furthermore, Viet Nam black and white pepper were reported stable at an average of USD 2,215 per Mt for black pepper and USD 3,041 per Mt for white pepper. Sri Lanka black pepper was reported with 1% deficit as compared to the previous week and was traded at an average of USD 2,899 per Mt. 

INTERNATIONAL MARKET REPORT

International market also showed a mixed response as India black pepper was reported with the same 1% deficit when compared to the previous week at an average of USD 4,603 per Mt. Indonesia black and white pepper were reported with an increase of 1% and 2% respectively as compared to the previous week averaging at USD 2,520 per Mt for black pepper and USD 4,369 per Mt for white pepper. Malaysia black and white pepper were reported stable and unchanged. Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were also reported stable and unchanged.