For 2 weeks in a row black pepper market has been flat with no buyers interest and still no prices decline could be foreseen in Brazil.
Vietnam reported some ease with 500 gl prices offered at U$D 3,600 today.
Indonesia also easier - U$D 3,850 pmt Lasta.
Brazilian farmers and exporters are holding firm on the 3,800 pmt fob level for the B1 560 gl. possibly due to continuos advises from ABEP that market will continue strong. On the other hand the weakness of the dollar does not help much to accept cheaper prices - it reached the cheapest price in 6 years - today R$ 1,94 / U$ 1,00
This week we publish the new brazilian export statistics for the first quarter. Also USA statistics for the first trimester are available.
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5 comments:
it is a false news that vietnam decresed its price .in vietnam still there is no seller.
Stocks in warehouses of NCDEX are seen at 8490 MT. Vietnam has not given any clue to global traders regarding its export intentions. Buyers like China, USA etc prefer to watch the global activities for a while. This explains slower trading activity across the world during the week ending May 19th. Producers’ offers in India are averaging around USD 3430-3435/MT ex-Kochi - down 1% from previous week. Meanwhile the FOB markets maintained a steady trend throughout the previous week.
well am an importer of Black Pepper in Pakistan.In the last day or two market for black pepper has suppenly stopped and has reversed a lot.Rumors effect a lot in a speculative market.10 days back it looked that the vietnam prices might reach usd4400 or usd4500/pmt for 500gl,as there was no offer from any other country.But suddenly from no where Malaysia is offering stock,Srilanka is offering,Indonesia is also offering.And now no buyers.
The way i look at the current situation, Vietnam 2007 crop is damaged,maximum damage could be up to 20%.In the past Vietnam has been exporting like 120,000mt per year.Less 20% still 100,000mt of crop.And till now the export demand has been very less due to the higher prices.I ve heard that till now only 25000mt or more have been exported in this quantity last year carry over is also included.
May almost finished,july Brazil crops starts.So i think that vietnam will have to lowers its prices.
i am looking for all varieties of pepper of the highest quality.i am developing a range of ingredients from traditional sustainable sourses for the 5 star uk chefs.can anyone help me or point me in the right direction at least.
alan@specialityfarmfoods.com
i am looking for the finest quality peppers of every variety traditional grown by sustainable sorces.i sell to discerning consumers and 5 star uk chefs.
can anyone help or point me in the right direction for a producer who exports to uk
alan@specialityfoods.com
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