February 22, 2023|Black Pepper Offers, Vietnam Market Update
This week, China is buying slowly, people expect the price will come down a little bit but today, prices are increasing again and the market is still very firm.
Pepper from a new crop is still coming out the market slowly.
Daknong, Baria, Dong nai are going to finish harvesting, while Daklak , Gia Lai are starting harvesting from the end of Feb.
This time, not only China buys, local collectors and speculators are buying also , because they saw that this year's crop is not quite as good as expected, so they keep stock and wait for a higher price. But this time, we see that buyers from EU, US… are in waiting mode for lower prices.
Pepper price has been increasing everyday since the end of Jan, and it already increased 15 %.
This time, it is hard to advise you to buy or wait more.
Let’s buy step by step and based on your demand. We think that, price will be hard to decrease from now to the end of Feb.
Market is very firm this time.
Today price as below:
BLACK AND WHITE PEPPER:
- 500 FAQ: 3,100 usd/mt
- 500 cleaned: 3,360 usd/mt
- 550 cleaned: 3,420 usd/mt
- 570 MC: 3,500 usd/mt
- 5mm: 3,600 usd/mt
- WP new technology: 4,880 usd/mt
- 500 steam sterilized: 3,640 usd/mt
- 550 steam sterilized: 3,720 usd/mt
- 5mm steam sterilized: 3,840 usd/mt
- 550 cleaned EU complied: 3,440 usd/mt
- 570 cleaned EU complied: 3,600 usd/mt
- 500 steam sterilized EU complied: 3,740 usd/mt
- 550 steam sterilized EU complied: 3,830 usd/mt
FOB Ho Chi Minh- Prompt shipment- subject to reconfirm
https://brazspice.com/
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