Vietnam
has exported roughly 25,600 tons of pepper in February, bringing the
total pepper exported in the last 2 months to 40,600 tons, an increase
of 11% compared to the first 2 months of 2019. We forecast March the
total export volume will be easy to reach from 32 to 35,000 tons. All
details data that we will collect and send you within next week.
Under
the influence of #Corona Virus, the pepper market in Vietnam has had
certain effects when prices decreased slightly over the weekend due to
low demand and psychological factors affecting commodity prices.
Furthermore, almost exporters covered enough raw material for Feb/First
week March shipment and now keep sidelined.
After
easier tone, the market has shown signs of recovery with some demand
from India/Nepal and Eastern Europe. The USA market also recorded some
demand for further shipment from June to December. However, business
were slow due to collector/exporters/speculator prefer to offer promptly
shipment and hesitating to offer full year shipment. In contrast to
many other countries, Vietnam currency has strengthened against the USD
and expected to continue until the second quarter of 2020 (equivalent to
a price increased of about 10$/Mt).
China
It seems has better control of the disease and we hope the situation
will settled down soon. Border traded still tight and under strict
control with costly. However, likely demand are returning soon. China reported trading its white pepper internationally with an average of USD 4,375 per Mt.
India
as the harvest come to full swing Malabar black pepper was traded with a
4% discount on the price as compared to the previous week, averaging at
USD 4,203 per Mt. Currency depreciation than USD from last week.
Indonesia black
and white pepper also down around 1 and 2% respectively at an average
of USD 1,684 per Mt for black pepper and USD 3,053 per Mt for white
pepper. Indonesian Rupiah also weakening than USD with 2% depreciation.
Malaysian an
increase of 1% as opposed to the previous week, averaging at USD 1,767
per Mt for black pepper and USD 3,172 per Mt for white pepper.
Sri Lanka was also reported steady at an average of USD 2,937 per Mt.
Brazil market we heard continue firm and less offer from farmers/collectors. USD stronger against with Real. 
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