Jupiter Commodities from USA published areport on March 26

Jupiter Commodities from USA published areport on March 26
Black Pepper has continued on the upturn during the week.
The Vietnamese farmers have continued to hold back newcrop arrivals. As prices increased in Vietnam, so did India/Indonesia and Brasil.
Vietnamese traders tried buying aggressively in Vietnam combined with some European and MidEast buying has push levels up and made farmers very wary of selling. Obviously, the buying interest from consuming countries showed up on the doorsteps of the other origins. The activities in all corners, is based on need and not on manipulations.
We feel that the firmer and increasing market shall remain at least through next month provided that buyers remain interested.
We believe that buying shall continue.
This week we saw an average of a 10% increase across the board. Spot USA market remains thin with fresh arrivals/releases being picked up. With the next 2 week holiday schedule it will be interesting see how well the market shall behave itself. White pepper firmer in concert with black but as far as activities are concerned remained lack luster.