Vietnam Pepper market update 24th April 2023 – Week 16.

April 24, 2023

- Last week, pepper price increased from 66,500 - 68,500 VND, equivalent to an increase of 3%.

- Demand has returned from the main market, China, besides the US and Europe.

Pepper prices lost week had an impressive increase when China continued to increase purchases  , in addition  to demand  from the US and EU markets.
Besides, exporters also actively buy   raw   materials  to  replenish inventories . Therefore, last week, the amount of raw materials offered on the market was quite small as farmers and agents expect pepper prices to increase in the near future.

According to the preliminary data report  of  the Customs, exports in the  first  17  days  of  April  2023 reached 14,464 tons of pepper, with a turnover of 43.91 million  USD,  bringing  the  export  of  the  first  3.5  months of the year to reached 89,795 tons, up 39.27% in volume and 8.59% in value over the same period last year. The average export price of pepper in the period reached  3,048 USD/ton,  up  2.35%  compared  to  the  average export price of Ma rch  2023.  Thus,  it  is  likeIy  that  April will export 25-30,000 tons, bringing the  total  export volume in 4 months to 102-107,000 tons. (In the first 4 months of 2022, only 79,410 tons were exported).

According to the update from the International Pepper Association (IPC), world pepper prices are as follows:

INDIA
Pepper prices in India have fallen slightly in the past week.

SRI LANKA
Pepper prices remained stable.

INDONESIA
• The price of Lampung black pepper in Indonesia is almost unchanged.
• Price of Muntok white pepper at 6,002 USD/ton.

BRAZIL
Pepper prices last week tended to increase. Very few raw material ore offered for sale in the market as farmers and dealers focus their resources on the coffee crop.

MALAYSIA
Malaysia's Kuching ASTA black pepper price remained stable at $4,900/ton; while white pepper is still at $7,300/ton.

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INDICATIVE FOB PRICES FOR THE WEEK APRIL 24,  2023

PINHEAD

PINHEAD 1MM  SUPERCLEANED $1.003

PINHEAD1.5MM -2MM  CLEANED $1.227

PINHEAD 2MM -2.5MM CLEANED $1.446

PINHEAD  SUPERIOR   QUALITY $1.666

WHOLE

VBP 500 G/L FAQ $3.083

VBP 550 G/L FAQ $3.322

VBP 500 G/L Double Spiral Cleaned $3.367

VBP 550 G/L Double Spiral Cleaned $3.427

VBP 570 G/L Double ASTA $3.487

STEAM STERILIZED PEPPER

Steam Sterilized Pepper 500G/L $3.583

Steam Sterilized Pepper 550G/L $3.705

Steam Sterilized Pepper 570G/L $3.766

STEAM STERILIZED PEPPER - EU COMPLIANCE

Steam Sterilized Pepper 500G/L $ 3.763 

Steam Sterilized Pepper 550G/L $ 3. 885

Steam Sterilized Pepper 570G/L $ 3,946

Steam Sterilized Pepper SMM $ 4. 024

Steam Sterilized White Pepper 630G/L $5.505

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JUST A REMINDER
PINK PEPPER HARVEST START END OF MAY
BEST QUALITY PRODUCT ARE ALWAYS AT THE BEGINNING.
CALL US IN ORDER TO ASSURE YOURS !