New Delhi 27/10/2009
Indian future delivery prices which got triggered from Friday with domestic traders paying up the asking prices of sellers as the pepper traders/stockiest are getting tired besides the speculators as the yearly average prices have been hovering around inr 145/-per kg for the garbled stuff and usd 140 for the farmgate pepper since 2006 june although other commodities have soared as high as 2 to 3 times of its value.
Interestingly since money talks the spot pepper prices have not moved up in tandem with the future delivery prices as operators are still not comfortable going long because fundamentals of the market are proving right.
The Indian casino players have been playing with statistics of Vietnam and Indonesian crop estimates and carry overs all got stunned with Vietnam exporting close to almost 40% more of its predicted crop numbers and Indonesia becoming a "akshya Patra" ( never ending source) for importers .
India the cheerleader hardly exports any of its origin pepper but trade millions of tones in the National Agri Casino ( where the price of pepper is different for same delivery although specifications are same ) Although Indonesia has increased the asking prices to usd 3050 to usd 3100 fob panjang surprisingly Vietnam and Brazil are keeping their tags much below to have more business. Cheer leader India has got its own pockets to park the pepper at very high prices to fellow comrades which is being completely ignored by Vietnamese and Sri Lankans who get excited by the waves in the Indian Casino.
There is a hue and Cry that there is no farmgate pepper available in the terminal market, but according to Mr Jojan Malayil of Bafna Enterprises and the countrys largest exporter of Indian Origin black pepper in various forms said " I disagree to the statements which are coming from various corners as the national Exchanges who have so far not defaulted on Pepper deliveries whatever they trade at the end of the day is available for physical deliveries which are as good as physical pepper and is available in thousands of tones for those who require it but should be prepared to forget contract specifications . One has to see whether the domestic demand will continue at higher levels or the demand will dry up if the futures start dropping.
The Indian price tag of Asta pepper has moved to usd 3275-3300 pmt fob Cochin against Indonesians usd 3050-3100 fob Panjang and Vietnams usd 3100-3150 pmt fob Hochiminh and Brazil usd 2850 fob Belem.
Jennifer La Rive
Tuesday, October 27, 2009
Thursday, October 22, 2009
India pepper - Heavy Pressure mounts on Bulls
New Delhi 22/10/2009
The Indian Black Pepper currently priced highest in the world next to Malay Pepper has come under pressure as there are no demands for it from overseas markets and the expected buying from domestic market still to come. With Indian rupee appreciating against usd the cfr prices out of India has become very expensive keeping overseas importers away but it was interesting to see although the currencies in Brazil and Indonesia were also close to 6% stronger against usd they have not increased their asking prices like India. Vietnam who is said to have exported more than 110000 mt is still willing to wheel and deal with 500 gl faq pepper offered @ usd 2600 pmt fob Hcmc and 550 gl pepper offered @ usd 2750 pmt fob Hcmc and Vietnam Special Asta 570 gl and no guarantees on light pepper is offered @ usd 3000 fob Hcmc for shipment very promptly after placing orders According to Ms Nguyen who has been associated with Vietnam pepper exports ever since they have started exports of both black and white pepper and a very trusted source who added the current typhoon loss is not to exceed 5000 mt of production for 2010 .
Reports from Hcmc states that Vietnam has already exported 3665 mt pepper in the first 15 days making the balance available stock to only 1952 mt as per Hindu business Line a leading business daily who are following every movement on a 24 hour basis but the fact is Vietnam still has 20000 mt more to export before the new crop hits in February 2010 who have weighed the balance stocks on 30th September 30th at 5617 tm. These kind of absurd news really misleads small and medium players in pepper who are vanishing on a daily basis because of the excessive speculation happening on pepper in the National Exchanges. They have 6 contracts in place but 90% of the trade is happening only on the near month contract and nothing is happening on the far month which means no price discovery is happening in the exchange but only rampant speculation.
The Bulls in India will be saved only by domestic demand as value added processors are back into imports who at one point have completely written off imports for the rest of the year. With higher prices currently in India and weaker usd favors imports value added processors who at one point hedged their overseas sales in Indian exchanges are now seen selling off and replacing it with cheaper imported pepper out of Sri Lanka and Indonesia
Jennifer LaRive
The Indian Black Pepper currently priced highest in the world next to Malay Pepper has come under pressure as there are no demands for it from overseas markets and the expected buying from domestic market still to come. With Indian rupee appreciating against usd the cfr prices out of India has become very expensive keeping overseas importers away but it was interesting to see although the currencies in Brazil and Indonesia were also close to 6% stronger against usd they have not increased their asking prices like India. Vietnam who is said to have exported more than 110000 mt is still willing to wheel and deal with 500 gl faq pepper offered @ usd 2600 pmt fob Hcmc and 550 gl pepper offered @ usd 2750 pmt fob Hcmc and Vietnam Special Asta 570 gl and no guarantees on light pepper is offered @ usd 3000 fob Hcmc for shipment very promptly after placing orders According to Ms Nguyen who has been associated with Vietnam pepper exports ever since they have started exports of both black and white pepper and a very trusted source who added the current typhoon loss is not to exceed 5000 mt of production for 2010 .
Reports from Hcmc states that Vietnam has already exported 3665 mt pepper in the first 15 days making the balance available stock to only 1952 mt as per Hindu business Line a leading business daily who are following every movement on a 24 hour basis but the fact is Vietnam still has 20000 mt more to export before the new crop hits in February 2010 who have weighed the balance stocks on 30th September 30th at 5617 tm. These kind of absurd news really misleads small and medium players in pepper who are vanishing on a daily basis because of the excessive speculation happening on pepper in the National Exchanges. They have 6 contracts in place but 90% of the trade is happening only on the near month contract and nothing is happening on the far month which means no price discovery is happening in the exchange but only rampant speculation.
The Bulls in India will be saved only by domestic demand as value added processors are back into imports who at one point have completely written off imports for the rest of the year. With higher prices currently in India and weaker usd favors imports value added processors who at one point hedged their overseas sales in Indian exchanges are now seen selling off and replacing it with cheaper imported pepper out of Sri Lanka and Indonesia
Jennifer LaRive
Problem with our Servers
We regret to inform that we were facing problems with our servers last days and thus we couldnt upload and update the PEPPERTRADE web site.
Apparently the problems are being solved and hopefully by the end of the week we will be ok again
PEPPERTRADE EDITOR
Apparently the problems are being solved and hopefully by the end of the week we will be ok again
PEPPERTRADE EDITOR
Friday, October 16, 2009
NATIONAL EXPORT AWARD WINNER IN SPICES
AWARD WINNER FOR HIGHEST DRY GINGER EXPORT FROM INDIA
NANJI TOPANBHAI & CO.,
EXPORT HOUSE RECOGNISED BY GOVT OF INDIA
BAZAR ROAD, COCHIN - 2, KERALA, INDIA.
PHONE : 91 - 484 - 2224180 FAX : 2223180,
GRAMS : LONGLIFE,EMAIL ADDRESS : nanjee@md2.vsnl.net.
Light up your life!!!!!!!!
- With Gleam Of The DIYA
- And The Echo Of The CHANTS
- May Happiness and Contentment Fill Your Life
- " WISHING YOU AND ALL YOUR FAMILY MEMBERS
- A VERY HAPPY AND PROSPEROUS DIWALI "
PARS RAM BROTHERS (PTE) LTD
Global Trader in Commodities and Produce
101 Cecil Street #24-06/#24-07
Tong Eng Building Singapore 069533
TEL : 62209395 62209396 62243070 63245373
FAX : 62259683 62271206 62217357 62213648
E-mail: parsram@parsrambrothers.com or
parsram@starhub.net.sg, parsram@singnet.com.sg
parsrambrothers@gmail.com or parsramsingapore@gmail.com
Website : www.parsrambrothers.com
Dear Sirs,
There's always something warm and bright,
about this time of the year,
when everything has a special glow,
and hearts are full of cheer,
that's why,
this special greeting comes your way,
to wish you all life's best on
Diwali and in the coming new year too.
It is most appropriate to extend our heartfelt thanks
for your kind cooperation & generous patronage
We promise still better services & hope our relation will continue to grow manifolds
Again, our sincere thanks
WISHING YOU A FABULOUS & PROSPEROUS DIWALI!
BEST WISHES
Yogesh Mehta & Mihir Mehta
Thursday, October 08, 2009
Re: Bullish Trend
Dear Editor
No doubt the trend is bullish if we look at the fundamentals but severe cheating on carryover stocks and production figures from both Vietnam and Indonesia has completely shattered the calculation of traditional pepper traders who were taking views on production figures/carry over stocks . In the IPC meeting in Hochiminh Vietnam came our with a production figure of 85000 mt later revised to 95000 as exports kept increasing and the latest revision was during first week September putting the figure at 105000 and now that exports in the first 9 months are over 110000 mt and 3 more months to go we will be seeing further revisions as they themselves don’t know whats their crop and carryover stocks. Indonesians know all these but don’t share with the rest of the pepper community obviously for their own reasons. Recent Typhoon and earthquakes in Vietnam and Indonesia had made no impact in these countries pricing but we have seen a spur in Indian Pepper exchange but not in the available spot material which hardly has many takers . It was surprising to see speculators prepared to buy 145 per kg oct mg-1 deliveries but not willing to buy farmgate pepper @ inr 140/141/kg levels. So its evident that its more of speculative buying rather than actual demand buying. USA grinders seem to be covered for oct/nov/dec shipments and now what we will be seeing only fill up demands. According to our sources if the market does not pick up in the month of October then the next action can be seen only in mid January when industrial buyers are back after Christmas and newyear holidays.Markets are likely to remain range bound as currency in major producing countries are getting stronger day by day and prices in usd terms are creeping high although on cansee sporadic sales at discounted levels from Cash struck exporters
Cheers
Jeenifer La Rive
No doubt the trend is bullish if we look at the fundamentals but severe cheating on carryover stocks and production figures from both Vietnam and Indonesia has completely shattered the calculation of traditional pepper traders who were taking views on production figures/carry over stocks . In the IPC meeting in Hochiminh Vietnam came our with a production figure of 85000 mt later revised to 95000 as exports kept increasing and the latest revision was during first week September putting the figure at 105000 and now that exports in the first 9 months are over 110000 mt and 3 more months to go we will be seeing further revisions as they themselves don’t know whats their crop and carryover stocks. Indonesians know all these but don’t share with the rest of the pepper community obviously for their own reasons. Recent Typhoon and earthquakes in Vietnam and Indonesia had made no impact in these countries pricing but we have seen a spur in Indian Pepper exchange but not in the available spot material which hardly has many takers . It was surprising to see speculators prepared to buy 145 per kg oct mg-1 deliveries but not willing to buy farmgate pepper @ inr 140/141/kg levels. So its evident that its more of speculative buying rather than actual demand buying. USA grinders seem to be covered for oct/nov/dec shipments and now what we will be seeing only fill up demands. According to our sources if the market does not pick up in the month of October then the next action can be seen only in mid January when industrial buyers are back after Christmas and newyear holidays.Markets are likely to remain range bound as currency in major producing countries are getting stronger day by day and prices in usd terms are creeping high although on cansee sporadic sales at discounted levels from Cash struck exporters
Cheers
Jeenifer La Rive
Wednesday, October 07, 2009
Bullish Trend
Reports fm Vietnam fundament bullish trend
2009/10/08
October 8, 2009
Last September 22, a report form Vietnam was warning that Vietnam had 20,000 tons of Pepper for exports by late 2009.
The article reported:
Vietnam has left only 15,000-20,000 tons of pepper for exports in the remaining months of 2009, according to the Vietnam Pepper Association (VPA).The VPA estimated that the country would harvest 105,000 tons of pepper this year, of which up to 95,000 tons worth US$228 million were shipped abroad already in the first eight months.In August, the country sold abroad 13,113 tons of pepper worth US$34.8 million, down 5.28% in volume and up 1.02% in value against the previous month.
The U.S. continued to be the largest importer of Vietnam’s pepper, purchasing 1,916 tons in the month.
The United Arab Emirates ranked second with 1,623 tons.Germany and Egypt followed with respective figures of 928 tons and 861 tons.
Prices of pepper have recently started rising in Vietnam thanks to soaring global demand. On September 9, pepper was sold for VND47,500 per kilo in the central highlands province of Dak Lak, the highest level since early 2009..
VPA is encouraging its members to meet market requirements by further investing in appropriate processing equipment.Vietnam, the world’s leading pepper exporter, is expected to export 100,000 tons of pepper in 2009, an increase of 10,000 tons over last year..
(Youth, CPV)
Nevertheless on October 6 the VPA _ Vietnam Pepper Association reported a 14,000 ton exported volume in September amd 111,110 for the first nine month of the year.
If both information proceed it seems like Vietnam has less than 5,000 tons left to the end of the year and the new crop which by other reports, risks to be much smaller than expected due to adverse weather.as reported earlier this week.
Thus the reason for a consistent altough still light bullish trend.
PEPPERTRADE EDITOR
Mail your comments
2009/10/08
October 8, 2009
Last September 22, a report form Vietnam was warning that Vietnam had 20,000 tons of Pepper for exports by late 2009.
The article reported:
Vietnam has left only 15,000-20,000 tons of pepper for exports in the remaining months of 2009, according to the Vietnam Pepper Association (VPA).The VPA estimated that the country would harvest 105,000 tons of pepper this year, of which up to 95,000 tons worth US$228 million were shipped abroad already in the first eight months.In August, the country sold abroad 13,113 tons of pepper worth US$34.8 million, down 5.28% in volume and up 1.02% in value against the previous month.
The U.S. continued to be the largest importer of Vietnam’s pepper, purchasing 1,916 tons in the month.
The United Arab Emirates ranked second with 1,623 tons.Germany and Egypt followed with respective figures of 928 tons and 861 tons.
Prices of pepper have recently started rising in Vietnam thanks to soaring global demand. On September 9, pepper was sold for VND47,500 per kilo in the central highlands province of Dak Lak, the highest level since early 2009..
VPA is encouraging its members to meet market requirements by further investing in appropriate processing equipment.Vietnam, the world’s leading pepper exporter, is expected to export 100,000 tons of pepper in 2009, an increase of 10,000 tons over last year..
(Youth, CPV)
Nevertheless on October 6 the VPA _ Vietnam Pepper Association reported a 14,000 ton exported volume in September amd 111,110 for the first nine month of the year.
If both information proceed it seems like Vietnam has less than 5,000 tons left to the end of the year and the new crop which by other reports, risks to be much smaller than expected due to adverse weather.as reported earlier this week.
Thus the reason for a consistent altough still light bullish trend.
PEPPERTRADE EDITOR
Mail your comments
Rains in Vietnam
Information from Vietnam
From Vietnam October 6, 2009
Typhoon No. 9 cause broken down about 1,000 hectares pepper in Gia Lai, Dak Lak
According to sources from local, Typhoon No. 9 caused severe damage; Particularly for pepper plants, about 1,000 hectares broken down, debris, including Gialai about 500 hectares , Dak Lak province about 400 hectares.
In Chu Se district, Gia Lai province, according to information from the Association Chu Se Pepper said incomplete statistics: More than 152,000 pillars equivalents about 75 hectares broken down completely and hundreds of hectares were put crushed pepper reduced yield of 20%.
Preliminary assessment on production crop 2009, due to weather conditions are not favorable, production of pepper reduction 40% in compared with crop 2008. This will strongly impact the supply, demand, pricing pepper domestic market and export-import market pepper in 2010.
Read more about this...
From Vietnam October 6, 2009
Typhoon No. 9 cause broken down about 1,000 hectares pepper in Gia Lai, Dak Lak
According to sources from local, Typhoon No. 9 caused severe damage; Particularly for pepper plants, about 1,000 hectares broken down, debris, including Gialai about 500 hectares , Dak Lak province about 400 hectares.
In Chu Se district, Gia Lai province, according to information from the Association Chu Se Pepper said incomplete statistics: More than 152,000 pillars equivalents about 75 hectares broken down completely and hundreds of hectares were put crushed pepper reduced yield of 20%.
Preliminary assessment on production crop 2009, due to weather conditions are not favorable, production of pepper reduction 40% in compared with crop 2008. This will strongly impact the supply, demand, pricing pepper domestic market and export-import market pepper in 2010.
Read more about this...
Subscribe to:
Posts (Atom)
Posts
