PEPPER
According to the Custom's data, in the first half of May 2021 Vietnam has exported 12,538 tons of pepper, with a turnover of 42.75 million USD, bringing pepper exports in the first 4.5 months of 2021 to reach 105,940 tons with a turnover of 326.54 million USD, down 19.21% in volume but up 17.82% in value over the same period last year. The average export price of pepper in the first half May reached 3,410 USD/ton, up 4.44% compared to the average export price in April 2021.
The pepper market has been moving sideways for the past 2 weeks but suddenly increased to 200 USD/MT, equivalent to a 7% increase in just 2 days. Currently, the price of raw materials is being offered at 70,500 VND – 71,000 VND, but the quantity offered is small from farmers and domestic collectors.
The main reason is that China is actively buying, in addition the pepper price is still attractive which has reactivated many speculators to increase hoarding despite the domestic market being slow in cash liquidity and the taking of containers still continue to be difficult for destination ports such as the EU and the US and North America.
The US and Europe have also gradually returned to normal. Besides the Middle East, China has also been working after a long holiday which has also boosted demand for pepper raw material increase rapidly.
CASSIA/ STAR ANISE/ TURMERIC;
Cassia raw material continuing up especially cassia broken when huge demand from EU / ASIA.
I would like to give you an indication price PEPPER / CASSIA / STAR ANISE / TURMERIC… based on NET FOB HCM as follows
https://offers-peppertrade.blogspot.com/2021/05/i-would-like-to-give-you-indication.html
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The Spices Board India (Ministry of Commerce, Government of India) is the apex body for the export promotion of Indian Spices. The Board is an international link between the Indian exporters and the importers abroad.
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