Last week, the pepper market increased about 2% with demand from China and the Middle East. The USA still shows a relatively small demand and only accepts to buy long time shipment orders while almost Vietnam exporters hesitate or withdraw. The EU is on holiday so demand continues to be quiet. We hope the market will be better next time when some countries reopen again. In addition, Russian have found vaccines/India and the USA are also testing many vaccines in the final stage. Hope everyone/all of the world will be healthy, starting a new business cycle soon.
Current weather in Vietnam; After fluctuating and flooding, the weather is currently well evaluated in key pepper areas such as Daknong & Daklak. Impacts of the 2021 pepper crop are likely to be low in these two key provinces. We will send more information after the survey next October.
Indonesia; According to the information received, the heavy rain and flood took place on a large scale, so the crop heavily affected both black and white pepper. Currently Indonesian prices are at a very high level with a reference price of $ 2,550 – 2,650 LASTA and $ 4,150 for FAQ white pepper.
Brazil; Currently, it still offers competitively, but mainly delivered in quarter 4/2020
CASSIA
Heavy rain and flooding happen in
the largest cinnamon area in Vietnam. Therefore, the harvest
for the 2020 crop is affected and the price of cinnamon is
likely to remain stable as demand from
EU/USA/India/Bangladesh still supports the market.
STAR ANISE
The amount of inventory is still
tight. The price is expected to be stable or increase in the
coming time.
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