Guatemala Allspice Pimiento Update

This weekend we received an update from our good supplier in Guatemala regarding next crop Allspice Pimiento

7/9/23 7:57 PM

We anticipated that the size of the 2023 crop would be slightly larger than the crop in 2022. However, the region has been affected by dry and hot weather (possible El Niño), leading us to revise our expectations. As a result, we now predict that this year's crop will be either equal to or slightly smaller than the previous one.

Additionally, El Niño has caused a slight delay in the crop's harvest. Nevertheless, in Guatemala, the crop has just begun. We have already started purchasing small quantities and hope to increase our purchasing volume in the coming weeks as more cargo starts to come out.

On the other hand, Honduras has already started buying Allspice from Guatemala, taking it to Honduras and exporting it with the origin labeled as Honduras.

As mentioned earlier, we are in the early stages of the crop, but we are observing significant interest and demand from customers, local speculators and exporters. These factors and the anticipation of a smaller crop have contributed to the initiation of Allspice prices at higher levels.

Since we are still at the beginning of the harvest, it is essential to exercise caution. Our indication for premium clean 2023 Allspice from Guatemala (not FAQ quality) is at USD 8.50/kg CIF.

We have already started accepting orders, and they will be processed on a first-come, first-serve basis at these price levels.

Please feel free to reach out to us for any further inquiries or to place your orders.

MEXICAN ALLSPICE PIMIENTO CROP UPDATE

 

 

The new Allspice Pimiento crop is arriving delayed.
Many of the trees are flowering just now and some of them are in the second flowering.
The fruits are very small yet and the most of the trees do not have fruits yet. 

For that reason we are considering that the harvest time could be arriving almost three weeks later  and the shipments will not be be ready for loading until September, depending also of the availability of the containers which is still unstable. 

MEXICO ALREADY OFFER NEW CROP OF ALLSPICE PIMENTO

 

 

In Mexico the new crop 2020 is being harvested now.
After processing it is ready to be shipped in September.
Available 1n 20ft cintainers with 11 or 12 tons or 40ft with 20 ot 25 tons

Call us in case of interest
manager@peppertrade.com.br

 

 

 

 

 

 

 

 

 

 

 

#Mexico, #Allspice #Pimiento #2020 crop

 

Spice purveyor Schiff acquires Golombeck in expansion move

By Emily Bader
Totowa | Sep 5, 2019 at 5:00 am


Schiff Foods, a Totowa-based purveyor of whole spices, ground spices and seasonings, announced Wednesday it has acquired Morris J. Golombeck, a Brooklyn-based importer and exporter of high-quality spices and herbs.

Schiff, which was founded in 1949 selling food condiments in Brooklyn, moved to Totowa in 1998 to expand its business to include seeds, herbs, dehydrated vegetables, onion and garlic, seasoning blends, and more. It currently has a 300,000-square-foot warehouse with 30,000 square feet of cold storage dedicated to delicate spices and 15,000 square feet for production.

The combined companies will increase Schiff’s capacity, flexibility and technology, it said.

“The shared values and common goals of Schiff and Golombeck makes this alliance a formidable entity that will anchor our position as a major source for quality spices,” a spokesperson for Schiff Foods said. “The Golombeck team will continue to be an integral part of the Schiff management team, assuring customers that they will continue to enjoy the same personal relationships they have come to expect from an industry leader.”

The main warehouse in Totowa will be expanded and upgraded further to streamline production and distribution, the spokesperson said.

Financial terms were not disclosed.

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REPORT ABOUT PRESENT BLACK PEPPER MARKET & TRENDS

IN THE LAST DAYS RE GOT TO KNOW SOME REPORTS ABOUT BLACK PEPPER MARKET.

INTERESTING READING FOR THE ONES OPERATING IN THIS TRADE.

Vietnam – Although fresh demand from the world market is missing, prices are holding steady to firm.
A record quantity has been exported: March (37,000 tons), April (36,000 tons) and May
(37,000 tons) bringing a total volume to approximately 143,000 tons till May 2019;
36% more exports than 2018 in similar period.

We have not observed such stunning export figures in our 26 years of trading history. Knowing 8 more months to new crop,
farmers and dealers are now in a comfortable position to hold remaining quantities without panic. This is very much evident from arrival of goods and gradual rise in raw pepper prices.  

Their comfort level will increase more once 60-70% of crop is out of Vietnam.
In May, raw prices remained between 44000 to 46000 dong/kg.
China keep supporting the pepper market and their pepper imports have risen to 70% from 2018 followed by USA and India to 27% and 10% respectively.

Buyers keep pushing for lower prices. We have not seen very aggressive offers for future shipments as all of them feel more risk than reward.
Destination markets need to consume extra volume imported during last 3 months.
Not to forget that combined Middle East and Asia has become one of the largest pepper
consumer market in recent years and their constant support to origin keep prices steady.

Limited numbers of orders in hand with exporters do indicate that coverage for second half is yet to come.
Low pepper prices and higher maintenance cost are pushing few farmers to cut trees and plant some other commodities.
Farmers in Chu Puh and Chu Sê districts—two key pepper growing areas who had invested for a dozen of pillars that covered one hectare are now selling the same number of pillars in lower cost as many of them have gone bankrupt.
Add to pot, young trees are also dying due to poor care of farmers, poor maintenance of current
vines and virtually no new plantation, crop size will reduce gradually while world consumption in general increases by 3-4% annually.
Expect volatile days in 2020 and beyond.
Imports to India via Nepal may halt due to 100% additional duty (from 10-20%) has been imposed recently in their annual budget presented in end May.

Indonesia – No bad news so far. Expecting similar or slightly better crop than 2018. However, no selling pressure or any aggressive pricing from numbered top-class shippers.

Brazil – It is interesting to note that for the first time, Brazil is not discounting to Vietnam prices. In fact, quotes from Brazil are now in line with Vietnam. This firmness is attributed to strong currency and depleted inventories.
Brazil too have exported large volume in the last 5 months (approx. 40,000 tons).
Their new crop from Para region to start in August – September.
We have not seen any selling pressure yet. First class shippers prefer to stay away from sharp bids.
If Vietnam continues to be firm, world demand may shift to Brazil which may help Brazil to stabilize further.
In general, there is resistance at low prices.
Demand from Europe has slowed down due to the new import regulation on salmonella and at the same time volume from Vietnam has increased considerably for European ports.

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