Friday, February 17, 2023

CARDAMOM - Guatemala in line to export around 55,000 MT for the 22-23 Season

 



Please read the short report/comment we received of an operator ofCardamom in Guatemala

Hello friends, looking forward to seeing you again next week, wanted to share this message to give you clarity to take better decisions. Look for us in stand Z6-24.

As of today Guatemala has exported 26,000 MT and by month end we’ll reach 30,500 MT… this is 9,000 MT more than last season (43% more). This figure is an all-time record, not surprising given that we have reached record monthly numbers in Nov, Dec, Jan, Feb. February alone is likely to double its average volume.

We believe next three months will be records as well and by April exports will be reaching above 43,000MT with 5 months to continue exports and product still in the fields. So we will reach 55,000 MT. 

Most of the 43k is already in the hands of exporters and although we have already passed the peak of the production cycle, there is and will continue to be cardamom in the fields over the next months. 

A 55k record crop is 20% higher than last year’s previous record crop, not small by any means. We see with a bit of concern the recent price increases and the messages being circulated, as we reach last crop’s price levels and while minimal volumes from this season have arrived at destination. 

We are very happy for our clients who bought during the first half of the season at lower levels and are looking now at good profits. However, we should tread with caution at these levels.    

As for what is pushing Indian prices higher…

Thursday, January 19, 2023

BRAZIL - PEPPER PRODUCTION SUFFERING BAD WEATHER


 PARTIALLY FLOADED PEPPER PLANTATION IN LINHARES - ES

The heavy and constant rains that have been happening non-stop for more than a month are hampering the entire production and transport chain, as many loads are not being delivered by producers on time and many loads are wet and need to be reprocessed.


Wednesday, December 07, 2022

Important Report - Brazilian Pepper Contracts



Since the middle of November when the rainy season finaly  came to Brazil, bad weather and heavy rains are threatening Pepper production areas disrupting delivery routes and processes causing a big mess in the pepper industru this end of the year.
We post below an advise from one of the most reputable spices operators in Brazil warning clients and explaining the situation.
Our understanding is due the situation, the trend of Brazilan Pepper for next month is upright


                                 State of Paraná, Guaratuba - road to the port of Parangúa



Situation of roads in the State of Espírito Santo

December 5, 2022

After another weekend of heavy rain across the state of Espírito Santo and, particularly, in the pepper growing and processing regions, the situation today is of extreme concern.

In addition to the roads banned last week, now more roads, accesses and bridges are being punished by the heavy rains that devastate the region.

Today some more roads are blocked, with landslides, erosion and affected bridge structures, which makes all vehicle traffic in these regions impossible.



In view of this, we communicate to our customers that all shipments are on standby, since without road clearance, access to the ports of Espírito Santo, Bahia and Rio de Janeiro are closed.



We are in contact with all exporters, carriers and freight forwarders so that we can ship what is possible at this time, however delays will inevitably occur due to the aforementioned situation.
We are still waiting for the positioning of the road bodies and authorities so that we can estimate the time needed for the situation to normalize.

So we ask our customers to be patient and know that we are full time working on this matter and as soon as we have any news, we will inform you immediately.

Best Regards,

Cris Guerreiro



Wednesday, November 16, 2022

Cloves Market Latest News

 


Royal Golden's Cloves Market Latest News
By Parsram Dhirani


Madagascar - With weeks of slow progression of incoming new crop from field, goods are now reportedly seen starting to arrive in good flow from North and Tamatave areas. The arriving crop seems promising in terms of colours despite few areas reporting having small buds. According to shippers, few weeks from now, quality will be perfect alongside volume distribution from Tamatave that will finally increase. However, some buyers on site who are allegedly monitoring the field are still not able to procure enough cargo with export license that is still under renewal process. Most major sellers are still abstaining from selling until the license is released from their government. While some are able to offer, buyer must be willing to pay a premium price. Local price from North bushes still between MGA 25,000 – 25,500 while from Tamatave it is now at about MGA 30,000 with indicative FOB export price ranging from $7500 (pmt) and up.

Comoros from few days of holding their offers, finally came back in market by ending week 45. Price indication about $7200 pmt which is much supportive compared to Madagascar.

Sri Lanka still experiencing extreme weather events that could affect cropping patterns by December harvest. Price indication about $7100 -7200 pmt.

Brazil is completely absent.

At the moment, it is Madagascar versus Comoros. The latter as an active and leading contender compared to the other (at least) in terms of pricing. However, for those buyers who still value quality over price, choosing Madagascar is a ‘no brainer.’

On overall market sentiments, while others sporadically cover their urgent needs, the current economic condition overrides the optimism of some to openly participate and would rather stay on side line until the right buying time comes.

Tuesday, October 18, 2022

SALMONELA - EU strengthens measures against brazilian pepper


At the beginning of October the European Spice Association inssued a letter direcyed to it members,stating that EU Commision will strengthen the rules on Brazilian origin Pepper.



Black pepper from Brazil - announced tightening of current import measures  

The ESA Secretariat has been informed by the EU Commission that due to the high rate of positive salmonella findings in the import controls of whole black pepper from Brazil, a tightening of the current measures has been discussed.

The next steps would be a further increase in the frequency of controls and finally a ban on imports of black pepper from Brazil within the next months if there is no adequate reaction from the Brazilian authorities. The Commission will inform the Brazilian authorities about this possible tightening of the measures in the coming weeks. The Commission will inform the Brazilian authorities about this possible tightening of the measures in the coming weeks.

In discussions with the ESA Secretariat, the Commission has stressed that the only way to maintain or withdraw the current measures is to reduce the risk of salmonella contamination of the goods shipped from Brazil.

The commodity must comply with the EU provisions on salmonella at the time of import. Subsequent sterilization would therefore not be compatible with the Commission's requirements.

We will inform you as soon as we receive further information on the Commission's possible course of action.




Thursday, October 13, 2022

VIETNAM BUSINESS NEWS OCTOBER 13 - Pepper

 


HCMC economy gains strong growth in Jan-Sept

Gross regional domestic product (GRDP) of HCMC between January and September reached nearly VND1,100 trillion in current prices, up around 9.97% year-on-year, according to the HCMC Statistics Office.

This remarkable figure shows that HCMC’s economy has bounced back quickly after one year of implementing economic recovery programs in the new normal.



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Coffee

Coffee gains highest export value from Jan-Sept

Coffee has outweighed other key items to top the list of agricultural items with the largest export value in the first nine months of the year.

According to the latest data from the General Department of Vietnam Customs, the nation exported 92,550 tons of coffee worth US$226 million in September, a decline of 17.8% and 15.1% in volume and value over the last month.

As of September, the exports of this sector had continued to grow impressively, with 1.34 million tons of coffee worth US$3.06 billion, a year-on-year rise of 13.1% in volume and 37% in value.

Coffee has surpassed many key items such as vegetables, rice and cashew nuts to reap the largest export value in the agricultural sector.

Germany is the largest buyer of Vietnam, with 170,336 tons of coffee worth US$363 million. Belgium came second with 103,024 tons worth US$219 million, followed by Italy with US$236.47 million from 110,631 tons.

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Pepper

Pepper export value surges by 7.1% over nine-month period

Vietnam raked in US$770.44 million from exporting 174,530 tonnes of pepper during the past nine months of the year, a decline of 18% in volume, but up 7.1% in value on-year, according to details given by the Ministry of Industry and Trade.

Throughout the reviewed period, pepper exports to the United States, the United Arab Emirates (UAE), Germany, and the UK fell while exports to markets such as India, the Netherlands, the Republic of Korea (RoK), the Philippines, Russia, and Thailand experienced an upward trajectory.

The average export price of Vietnamese pepper soared by 30.7% to reach US$4,414 per tonne compared to the same period from last year.

Pepper exports are forecasted to continue facing numerous difficulties as global pepper prices continue to drop due to reduced demand occurring in many countries, especially demand from China and the high value of the US$.

According to the Import and Export Department, the amount of pepper in stock in the nation is estimated to be at a relative high of between 80,000 and 100,000 tonnes,

At present, the price of local peppers largely depends on the Chinese market, particularly with European and US importers signing contracts until the end of this year.

Friday, October 07, 2022

Vietnam: Pepper industry takes advantage of opportunities to the UK market

 



06 October 2022, VN:
Vietnamese pepper exporters have great business opportunities in the UK market, which has high demand for pepper imports.

According to industry experts, Vietnamese exporters can also take advantage of the supply shortage in the UK to increase exports of items such as pepper to the UK due to the impact of the COVID-19 pandemic, Brexit and international sanctions against Russia led to supply instability and caused a shortage of goods in the UK. Currently, the UK is the second largest pepper importer and consumer in Europe after Germany, and Vietnam’s pepper exports to the UK market have increased sharply in recent years.

In 2020, Vietnam exported 5,621 tons of pepper to the UK market, earning 48 million USD, out of a total of 14,000 tons of pepper and 121 million. At the end of 2021, Vietnam’s pepper exports to the UK increased sharply compared to 2020, with an increase of 49%. In the first four months of 2022, pepper continues to be one of Vietnam’s main agricultural exports to the UK, alongside coffee and cashews.

According to the Vietnam Trade Office in the UK, pepper is among Vietnamese agricultural products that have a strong position in the UK and sold well in supermarkets. This agency said that Vietnamese agricultural products such as pepper have an advantage in the UK compared to similar products from other countries who have no free trade agreement (FTA) with the UK as UKVFTA has completely abolished the regulations on tax policy for pepper imported from Vietnam. However, local businesses can only take advantage of these competitive advantages if they meet British quality standards and suit the taste of their customers.




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