Monday, October 30, 2023

Pepper Market Report Week 44 – 2023

 

As market struggles to find support overseas, Vietnam was reportedly seen with a decline last week by 1,4% for raw material. However, over the weekend, China reappears prompting market to firm up a bit at today’s opening. Exporters remain on a sideline as USA and EU demands are still elusive for spot coverings as most seems to be eyeing now for new crop next year.


Indonesia – speculators last week are in a market to sell as prices also are seen softening a bit with depreciating local currency that has been beaten by negative sentiments since last month. But then Muntok stock position is not that promising, with a volume that could be just good enough for local consumption. 


Brazil although price is supportive compared to others, origin’s current state is not sitting well. The country is now in midst of experiencing severe drought in history due to lack of rain. It is much worser in Amazonas as its port Manaus had dried the water to even allow ships to dock. Para’s crop reporting crop failure and although ES is still surviving, the domino effect of the whole situation very soon can cause more shipment delays and cancellation which these days has been a dilemma by almost all exporters. 




Royal Golden Trading, Dubai



Monday, October 16, 2023

The 51st Annual Sessions and Meeting of the IPC

 








THE DATE IS APPROACHING, ONLY 15 DAYS LEFT TO SAVE USD150!!!

MAKE SURE YOU DON'T MISS YOUR SPOT AT THE BIGGEST
GATHERING AND EXHIBITION OF THE PEPPER/SPICES INDUSTRY FOR 2023!

The 51st Annual Sessions and Meeting of the International Pepper Community and
International Spices Exhibition is approaching,
scheduled from 6 - 9 November 2023 at Pullman Hotel Kuching Sarawak, Malaysia
with distinguished International Guest Speakers of renowned figures in the global pepper industry.

This year, the grand 51st IPC ASM ISE will gather the important stakeholders
of the pepper industry to Kuching Sarawak, Malaysia to deliberate on the recent updates
 of the global pepper industry as well as way forward and future strategic ideas of the industry.

The following are the country-wise delegation shares:













 The following are Exhibitors representing the top names
of the Pepper/Spices industries:
















REGISTER NOW BEFORE 31 OCTOBER 2023
AND JOIN THE INSTRUCTIVE GATHERING
OF THE PEPPER INDUSTRY FOR 2023!

SEE YOU IN KUCHING, SARAWAK!

#TOGETHERWEARESTRONGER



Brazil Pepper Pricing Overview

 


Brazil still seen stable over the past few weeks with local currency that is under depreciation pressure over US dollars Brazil's real BRL, fell between 0.3% and 0.7%. Though in a good note, exporters’ woes with the rising production and shipping cost for Pepper could balance out the market pricing. 

Brazil Pepper Plant Production
Espírito Santo as the epicenter of pepper production reportedly seen with plants dying due to weather condition with the degree of the damage that is still unknown. On the other hand, Pará harvest reportedly plummeted by about 20%, due to high temperatures and lack of rain.

Brazil Pepper September Export
Brazil exported about 7,244 tons of pepper for the month of September, with about 57,652 tons export volume for the first nine (9) months of the year which is 4% lower as compared to last year’s same period covered.

Brazil Pepper Export Destinations
Vietnam still a top importer of Brazil Pepper, managing to import about 11,867 tons from Q1-Q3, down by about 9% compared to last year same period. UAE, top two importer at 5,464 tons, down by about 19% from last year as well.




Germany and USA both import volume dropped down by about 60% and 92% respectively owing to the stricter import regulation due to Salmonella issue.

This report is part of
  
RGT Pepper Market Report – October 2023
Royal Golden Trading 2023. All Rights Reserved.



Vietnam market update 16th Oct 2023 – Week 41.

 

From January 1 to September 30, 2023, Vietnam exported 204,385 tons of pepper, of which black pepper reached 183,475 tons, white pepper reached 20,910 tons.

Total export turnover reached 678.1 million USD, black pepper reached 578.2 million USD, white pepper reached 99.9 million USD.

Compared to the same period in 2022, export volume increased by 15.3%, equivalent to 27,164 tons, however export turnover decreased by 13.4%, equivalent to a decrease of 104.5 million USD.
The average export price of black pepper in the first 9 months of 2023 reached 3,539 USD/ton, white pepper reached 5,068 USD/ton, down 15.3% for black pepper and 14.2% for white pepper respectively over the same period 2022.



 


Sunday, October 01, 2023

Pepper Market Report by Royal Golden - Week 39 – 2023

 

Amid gloomy demand overseas, market remained relatively stable for Vietnam. Reported small volume of buying activities for prompt needs from Asian buyers occurred over the week. 


While other major importing countries who still are seen indecisive to take positions are reportedly on a sideline waiting for selling pressure to take place.


Muntok with a slight decline last week, it is seen stable today with its very limited supply owing to crop failure that export volumes are also hugely suffering.


Brazil stable to firm with active demand from Asian buyers. Q4 at its peak season, this origin is experiencing shortage for empty containers with some carriers rolling cargo due to high volume of shipments. Reported vessel utilization at a very healthy level (90-95%) prompting freight rates to be seen moving at an upward direction.  






Wednesday, September 20, 2023

India -Rising imports impact black pepper prices

 





Pepper imports in August were unusually high at 3,800 tonnes


Rising imports have kept black pepper prices steady in the domestic market over the past few days, affecting demand.


Against the domestic price of ₹631 per kg for ungarbled. pepper, the consuming markets in North India are reported to have received imported commodities at their doorstep at ₹600-625. This, according to traders, has drastically reduced the demand for domestically produced pepper from Kerala, Karnataka and Tamil Nadu.


Kishore Shamji, president of Indian Pepper and Spices Traders Association (IPSTA), said pepper imports are on the higher side and stood at around 3,800 tonnes in August alone. The farming community alleged that Vietnam pepper is clandestinely entering the domestic market at $3,000-3,500 compared with $8,025 for Indian pepper.


Plea to raise output

According to Shamji, domestic pepper demand is on the rise on account of increased procurement by masala manufacturers ahead of the festival season.


Meanwhile, the Indian Pepper & Spices Traders Growers Planters Consortium – Kerala chapter has submitted a memorandum to a visiting Parliamentary Standing Committee, seeking measures to increase domestic pepper production. Indian pepper production stood at 65,000 tonnes against consumption of 85,000 tonnes, leading to dependence on imports.


The consortium wanted the committee to impress upon the Agriculture Ministry the need to support pepper farming at the grassroots to increase domestic production. Pepper production in 2024 is likely to be around 50,000 tonnes due to shortage of rains and this is expected to spur more imports. Speculative buying in the recent period has pushed pepper prices to newer heights but not brought any cheer to the farming community due to crop shortage.

September 19, 2023 at 01:20 PM.


BY V SAJEEV KUMAR


Tuesday, September 12, 2023

Brazil Pepper Pricing Overview Week 37

 

Plantation in São Mateus, Espirito Santo



















Brazil remains stable and firm; expected to slowly
move at upward trend. Still seeing difficulties in 
securing raw material from farmers especially for 
sundried materials. 

Brazil Pepper Crop Situation
Another El Nino induced drought affecting mostly 
Para region with reports of dying plants and crop 
failures reversing the earlier projected good yield. 
Sundried materials are expected to be more limited 
with prices that could further move at an upward 
trend. 

Brazil Pepper August Export 
Brazil managed to export 5,113 tons of pepper for the 
month of August, generating about 50,408 tons for 
the first eight (8) months of the year. The volume is 
lower by a 2% margin only from last year’s export 
volume for same period. 

For the first eight (8) months of this year, the highest 
importer of Brazil Pepper is still Vietnam, able to 
import 9,437 tons, followed by Senegal with 4,820
tons, UAE at 4,789 tons, Morocco at 4,375 tons, India 
at 3,830 tons and Pakistan at 3,484 ton
s.










RGT Pepper Market Report – Week 37 /2023 
Royal Golden Trading 2023. All Rights Reserved
.