PEPPER; Regarding to data of Vietnam Pepper Association, In August, Vietnam imported 2,550 tons pepper, valued at 4.5 million USD. Imports mainly come from Brazil, Indonesia and Cambodia. In The first 8 months Vietnam imported 19,321 tons (black pepper reached 14,849 tons, white pepper reached 4,472 tons), the total import turnover reached 36.8 million USD, compared to the same period in 2019, the import volume decreased by 33.5%.
Market opening today slightly firmer from last week. Have inquiries from Middle East/ASIA/USA/EU covering fourth quarter 2020 both prompt & further shipment. The USA more interesting full year 2021 shipment but we heard processors hesitate and ask much higher than market price due to adding more interest rate, storage cost. Chinese slowly buying again but they will be starting a long holiday from 1st to 7th Oct. During second half Oct might be more demand from China to cover 4th quarter shipment.
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