SEASON GREETINGS

 

VIETNAM BLACK PEPPER CROP SURVEY 2020 & 2021 District 2, Hochiminh City, Vietnam.

 

PTEXIM CORP. made an extensive survey of the Vietnam Pepper production areas with the actual situation of the stocks,and plantatiom of cultivated areas foreseing the production and results of the new crop which will be harvested from the beginning of next year.
Below we post the consolidated data and main numbers.
You may get the full & detailed report (42 pages in PDF) by clicking the link at the end of our info

* CROP SIZE 2021 SMALLER BY 20% COMPARED TO 2020
* MAXIMUM ESTIMATED CARRY OVER FORCAST: 45,000 TON
* CARRY-OVER SMALLER BY 40-50% COMPARED TO LAST YEAR

TOTAL AVAILABLE QUANTITY IN VIETAM IN 2020 - 340,000 Mt

- CARRY-OVER FROM 2019 -75,000 Mt
-CROP SIZE 2020 - 225,000 Mt
-IMPORT FROM THIRD COUNTRIES - 40,000 Mt

2020 VIETNAM EXPORTS & CONSUMPTION -292,000 Mt

- DOMESTIC CONSUMPTION - 10,000 Mt
- WHITE PEPPER PROCESS - 8,000
- EXPORTS - 280,000 Mt

ESTIMATED TOTAL AVAILABLE PEPPER IN VIETNAM FOR 2021 - 242,000 Mt

- CARRY-OVER FROM 2020 - 42,000 Mt
- ESTIMATED CROP SIZE - 200,000 Mt
- MAXIMUM CARRY OVER THIS YEAR AS FORECAST 45.000 MTs
Carry over concentrate almost 80 – 90% in middle man and processor/exporters warehouse.
Almost farmer cleared stock already.

Pepper crop affected because farmers are less caring, less fertilizing than beforedue to low prices under cost, intercropping with other fruit trees... the string ofpeppercorn was sparse, the phenomenon of sparse string in pepper spreading fromalmost all key pepper areas of Vietnam.
In addition, the price was low while the labor cost increases steadily every year.
It will significantly affect the yield for the 2021 & 2022 crop.

Pepper prices are lower than production costs, so farmers neglect and do not take careas well as before

Pepper prices will continue to fluctuate at different times. However, the back bottom price will be higher than the previous one and the price increase trend will be about 10-25% next year as foreseen as the crop is severely affected in 2021.

If the price grows well next year, it will stimulate the farmers to re-care and the crop will gradually improve in 2022/2023


PHUC THINH EXPORT IMPORT INVESTMENT CORPORATION (PTEXIM CORP)

 

GET THE FULL REPORT, CLICK HERE
http://ptexim.com.vn/en/news/viet-nam-pepper-crop-survey-2020-2021/

 

IPC NKT REPORT No. 50/20, 7 -11 December 2020

 

MARKET REPORT

Market this week showed a mixed response. In local market, Malabar black pepper was reported with an increase of 1% when compared to the previous week at an average of USD 4,532 per Mt. Indonesia black pepper was reported with an increase of 1% as compared to the previous week averaging at USD 2,158 per Mt. Whilst, Indonesia white pepper was reported stable at an average of USD 3,962 per Mt. Malaysia black and white pepper were reported with an increase of 6% and 4% respectively as opposed to the previous week to an average of USD 2,304 per Mt for black pepper and USD 3,775 per Mt for white pepper. Furthermore, Viet Nam black pepper was reported with 1% deficit when compared to the previous week averaging at USD 2,358 per Mt. Whilst, Viet Nam white pepper was reported stable at an average of USD 3,468 per Mt. Sri Lanka black pepper was reported with 1% deficit as compared to the previous week and was traded at an average of USD 2,985 per Mt. China white pepper was reported with an in crease of 7% as opposed to the previous week and was traded at an average of USD 5,169 per Mt locally.

INTERNATIONAL MARKET REPORT

International market showed a rather stable outlook as India black pepper was reported with the same increase of 1% when compared to the previous week at an average of USD 4,804 per Mt. Indonesia black pepper was reported with an increase of 1% as compared to the previous week, averaging at USD 2,631 per Mt. Whilst, Indonesia white pepper was reported stable averaging at USD 4,649 per Mt. Malaysia black and white pepper were reported stable and unchanged. Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were reported stable at an average of USD 2,815 per Mt, USD 2,896 per Mt and USD 4,385 per Mt respectively. China white pepper was reported with an increase of 6% when compared to the previous week and was traded at an average of USD 5,369 per Mt. 

 

 

VIETNAM SPICES MARKET UPDATE 7TH DEC 2020 – WEEK 50

 

PEPPER

Vietnam exported reached 21 thousand tons in November, 
worth $ 53 million, down 4.5% in volume and 1.1% in value compared to October. 
However, compared with November 2019 increased 23.6% in volume and 33.5% in value. 

In the first 11 months of 2020, pepper exports were estimated at 263 thousand tons, worth $ 596 million, down 1.7% in volume and 11.5% in value over the same period in 2019.

Average pepper export price in November was estimated at 2,543 USD/ton,
up 3.6% over October and up 8.1% compared to November 2019.

In the first 11 months of 2020, the average export price of pepper was estimated
at 2,268 USD/ton, down 10% over the same period in 2019.

Pepper prices last week, after increasing by 5%, had corrections
down by 3% for the 49th week.

The main reason was that exporters had covered enough production orders for November shipment. In addition, the situation of freight to other countries continues to increase and it is difficult to get the booking from shipping agent, which has caused the cargo to stuck at the processor and at the port.

Most are waiting for the cost freight adjustment in December, but as information we received, the freight will continue to remain at a very high price in the next 2-3 months at least.
There is a shortage of empty containers and a sudden drop voyage from Vietnam to other destination is seriously.

 

We would like to send you flowchart Vietnam Pepper first 10 Months 2020 as below;

 

 

2/ CASSIA; 

 

Market steady/uptrend continuing in the short term even demand slow because new crops still have to wait until the next 4 months. Stock in tight situations, farmers/collectors  not prefer to offer in bulk.

 

3/ STAR ANISE;

 

Demand very slow especially from China and market correction 15% within 2 weeks. Buyers hesitate and not willing to pay at these level.

 

4/ TURMERIC;

 

New crop will be starting next month and we can offer you different grade with low/high curcumin standard such as TURMERIC FINGER/POLISHED TURMERIC FINGER, TURMERIC POWDER, TURMERIC SLICE SUN DRIED, WASHED TURMERIC SLICE SUN DRIED, TURMERIC SLICE MACHINE DRIED...

 

 CHECK FOR LATEST PRICES & OFFERS HERE:
https://offers-peppertrade.blogspot.com/2020/12/vietnam-spice-offers-december-7-2020.html