Mr Michail Wagapoff ,
Hello Sir , How are you ?
Thanks for your reports on pepper market .
The sudden rise in pepper market in the last 4 weeks the increase is about 40%, price has risen from Rs 70000/ to 95000/ per MT ( 1500 to 2050 USD)unprocessed.
According to me it is not a artificial rise , but a situation which has risen from the REAL GLOBAL SHORTAGE prevailing.
The stock are with the financially strong growers and traders , In India we are of the opinion that a further rise in market upto RS 125000/ per MT (2700 USD) in the coming months.
In VIETNAMS, southeastern region the supporting trees have died affecting the PEPPER CREEPERS , There are news of droughts in VIETNAM.
To what extend are these reports true ?
Will this affect VIETNAMS coming years crop ?
Please let me know your BRAZILIAN PEPPER market.
Thanks and regards.
Mukesh Patel.
Mangaloer. (INDIA)
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