Showing posts with label pepper. Show all posts
Showing posts with label pepper. Show all posts

Thursday, May 23, 2024

Vietnam Pepper Association Fraud warning

 

 

 

According to www.complaintsboard.com , some of the following businesses show signs of fraud. We recommend that you be cautious when dealing with these businesses. For new customers making transactions for the first time, you can ask the Vietnam Trade Office in the host country to check the information of the importing enterprise.

  1. Yejd Al Taam Foodstuff Trading Co Llc
  2. Ardh Al Nakheel Trading LLC Sharjah
  3. Regal Plus General Trading LLC
  4. Royal Deluxe Foodstuff Trading LLC
  5. Oral Star Foodstuff Trading CO LLC
  6. Freshbazaar (No Company)
  7. Dar Al Nukhba Foodstuff Trading LLC
  8. Minsa Creations LLC
  9. Galaxy Delight General Trading LLC Import & Export
  10. Five River Foodstuff Trading LLC
  11. Abid Foodstuff Supply Services CO LLC
  12. Arshmaan Foodstuff Trading LLC
  13. Organicaa Foodstuff Trading LLC
  14. Oral Star Foodstuff Trading LLC
  15. EZY Goods Wholesalers LLC
  16. Green Nature Foodstuff Trading LLC
  17. Green Cell Foodstuff Trading LLC
  18. Green Nature Foodstuff Trading LLC
  19. Sohaz Foodstuff Trading LLC
  20. Bab Al Shams Foodstuff Trading LLC
  21. Green Grapes Foodstuff Trading LLC
  22. Shahnoor Foodstuff Trading LLC
  23. Sky Link Foodstuff Trading LLC
  24. Syahm Goods Wholesalers Co. LLC
  25. Bright Century Goods Wholesalers LLC
  26. Shorooq Al Deira Foodstuff Trading LLC
  27. Green House Foodstuff Trading LLC
  28. New Marhaba Foodstuff Trading LLC
  29. Agro Link Foodstuff Trading FZE
  30. Blue Bay Foodstuff Trading LLC
  31. Zafar Iqbal Fruits and Vegetables Trading LLC
  32. Wadi Al Zain Foodstuff Trading LLC
  33. Evergreen Foodstuff Trading LLC
  34. Muhammad Asim Fish and Foodstuff Trading LLC
  35. Green Tower Foodstuff Trading LLC
  36. Makhmali Foodstuff Trading LLC
  37. Najmat Al Maizan Foodstuff Trading LLC
  38. ACP Foodstuff Trading LLC
  39. Wahat Al Rawahil General Trading LLC
  40. Salat Al Ahlam General Trading LLC

 

Monday, October 30, 2023

Pepper Market Report Week 44 – 2023

 

As market struggles to find support overseas, Vietnam was reportedly seen with a decline last week by 1,4% for raw material. However, over the weekend, China reappears prompting market to firm up a bit at today’s opening. Exporters remain on a sideline as USA and EU demands are still elusive for spot coverings as most seems to be eyeing now for new crop next year.


Indonesia – speculators last week are in a market to sell as prices also are seen softening a bit with depreciating local currency that has been beaten by negative sentiments since last month. But then Muntok stock position is not that promising, with a volume that could be just good enough for local consumption. 


Brazil although price is supportive compared to others, origin’s current state is not sitting well. The country is now in midst of experiencing severe drought in history due to lack of rain. It is much worser in Amazonas as its port Manaus had dried the water to even allow ships to dock. Para’s crop reporting crop failure and although ES is still surviving, the domino effect of the whole situation very soon can cause more shipment delays and cancellation which these days has been a dilemma by almost all exporters. 




Royal Golden Trading, Dubai



Monday, October 16, 2023

Brazil Pepper Pricing Overview

 


Brazil still seen stable over the past few weeks with local currency that is under depreciation pressure over US dollars Brazil's real BRL, fell between 0.3% and 0.7%. Though in a good note, exporters’ woes with the rising production and shipping cost for Pepper could balance out the market pricing. 

Brazil Pepper Plant Production
Espírito Santo as the epicenter of pepper production reportedly seen with plants dying due to weather condition with the degree of the damage that is still unknown. On the other hand, Pará harvest reportedly plummeted by about 20%, due to high temperatures and lack of rain.

Brazil Pepper September Export
Brazil exported about 7,244 tons of pepper for the month of September, with about 57,652 tons export volume for the first nine (9) months of the year which is 4% lower as compared to last year’s same period covered.

Brazil Pepper Export Destinations
Vietnam still a top importer of Brazil Pepper, managing to import about 11,867 tons from Q1-Q3, down by about 9% compared to last year same period. UAE, top two importer at 5,464 tons, down by about 19% from last year as well.




Germany and USA both import volume dropped down by about 60% and 92% respectively owing to the stricter import regulation due to Salmonella issue.

This report is part of
  
RGT Pepper Market Report – October 2023
Royal Golden Trading 2023. All Rights Reserved.



Tuesday, September 12, 2023

Brazil Pepper Pricing Overview Week 37

 

Plantation in São Mateus, Espirito Santo



















Brazil remains stable and firm; expected to slowly
move at upward trend. Still seeing difficulties in 
securing raw material from farmers especially for 
sundried materials. 

Brazil Pepper Crop Situation
Another El Nino induced drought affecting mostly 
Para region with reports of dying plants and crop 
failures reversing the earlier projected good yield. 
Sundried materials are expected to be more limited 
with prices that could further move at an upward 
trend. 

Brazil Pepper August Export 
Brazil managed to export 5,113 tons of pepper for the 
month of August, generating about 50,408 tons for 
the first eight (8) months of the year. The volume is 
lower by a 2% margin only from last year’s export 
volume for same period. 

For the first eight (8) months of this year, the highest 
importer of Brazil Pepper is still Vietnam, able to 
import 9,437 tons, followed by Senegal with 4,820
tons, UAE at 4,789 tons, Morocco at 4,375 tons, India 
at 3,830 tons and Pakistan at 3,484 ton
s.










RGT Pepper Market Report – Week 37 /2023 
Royal Golden Trading 2023. All Rights Reserved
.

Thursday, August 31, 2023

The various changes of Brazilian Black Pepper Trade

For the second year in a row Vietnam became the biggest importer of brazilian black pepper, overcoming traditional destinations like USA and also Germany.

USA has been the leading importer of brazilian black pepper since the beginning of the century.

Big changes happened after COVID-19 pandemia and actually during the last 10 years, starting with the production area in Brazil that developed a new very active production zone in the central-east (south of Bahia state and Espirito Santo state).Brazilian exports that were around 30k - 40 k tons per year from 2000 to 2015, rised to 91,000 ton in 2021.

Prices this week range between 3350 -3500 FOB.

The chart below show Brazilian Exports per destination from 2018 to 2023 elaborated by Coreimex. 




Prices this week range between 3350 -3500 FOB

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Monday, September 28, 2020

MALAYSIA : Lower pepper production expected this year

 


KUCHING Monday, 28 Sep 2020

Malaysia’s pepper production is expected to drop by between 10% and 20% this year due mainly to poor farm maintenance.

Malaysian Pepper Board (MPB) director-general Stanley Liew anticipates the country’s 2020 production volume to fall to about 30,000 tonnes from between the 34,000 and 35,000 tonnes a year recorded previously.

“The lower production volume is because of poor farm maintenance.
“If you do not fertilise your pepper vines, this will affect productivity (yield) and the berries will not be good, ” he told StarBiz.

Pepper farmers in Sarawak, who contribute more than 95% of Malaysia’s production output, are currently into the tail-end of harvesting their new crop.
Also producing pepper are Johor and Sabah.

The harvesting activities, according to Liew, has been delayed this year due to the enforcement of the movement control order (MCO) to contain the spread of the Covid-19 pandemic in Malaysia.

Smallholders are reported to have reduced fertiliser input for their pepper gardens due to the prolonged depressed global pepper prices.

Kuching Grade 1 white pepper plunged to a recent low of about RM13,500 per tonne from a historical high of RM50,000 per tonne in 2016, while Grade 1 black pepper was down to RM7,500 per tonne from an all-time high of RM30,000 per tonne.

However, the prices have since recovered to RM14,700 per tonne for white pepper and RM8,250 per tonne for black pepper due to increasing demand.

The MPB, according to Liew, is paying about RM10 per kg (RM1,000 per tonne) ex-farm to purchase special grade black pepper from the planters.

Liew attributed the rebound in domestic prices to a recovery in the global market due to increased buying activities post-MCO.

To help smallholder pepper farmers, the government has approved RM16.11mil under its stimulus package for farm maintenance support.

The aid is disbursed via vouchers to farmers to buy fertiliser and farm tools.

Liew said the MPB is in the midst of distributing the vouchers nationwide to eligible farmers who together own about 5,370ha of pepper gardens.

To boost new planting, he said, MPB provides subsidies of RM26,000 per ha for two years to help smallholders to expand their farms.

Last year, the subsidy was for the establishment of 350ha of new planting, and for 2020, it is for 115ha.

“We encourage investors to venture into large-scale pepper planting.

“There are now two potential investors, including one from Japan, who are in several rounds of serious discussions on commercial planting with the pepper board, ” said Liew.

He said the MPB is currently drafting licensing and enforcement regulations to regulate, among others, the import and export of pepper to check abuse by unscrupulous businessmen.

“We will be guided by the Federal Attorney General Chamber in the draft of the licensing and enforcement regulations which only require the approval of the Plantation Industries and Commodities Minister as stipulated in the Malaysian Pepper Board Act 656. We are proposing penalties for the offenders, ” he added.

With gazetting expected early next year, the new regulations make it compulsory for companies to obtain a licence and report the import or export volumes of pepper and related matters to the MPB.

Sarawak Deputy Chief Minister and Minister of Modernisation of Agriculture, Native Land and Regional Development Datuk Amar Douglos Uggah Embas claimed last week that there were some unscrupulous traders who have of late been importing pepper from Vietnam and Indonesia and mixing them with the Sarawak Pepper brand and selling them as premium pepper for higher profits.

Uggah asked the MPB to be stringent to check such malpractices to ensure Sarawak Pepper remains a premium product.

Sarawak Pepper is known for its high quality globally and commands a premium price. There are a dozen pepper exporters in Sarawak.

Liew said there were more than 40 pepper agropreneurs in Sarawak who were involved in downstream activities, such as producing pepper powder, pepper packets as well as pepper soap and hand sanitisers.

Some of these value-added products are for the export market.

by JACK WONG
For https://www.thestar.com.my

 



   



 

Tuesday, May 05, 2020

IPC PEPPER MARKET REPORT No. 18/20, 27 April - 1 May 2020



LOCAL MARKETS

Market this week showed a rather positive outlook as only India origin was reported with a decrease. In local market, Malabar black pepper was reported with 1% deficit when compared to the previous week averaging at USD 4,121 per Mt. Indonesia black and white pepper were reported with an increase of 1% respectively as opposed to the previous week, averaging at USD 1,622 per Mt for black pepper and USD 2,823 per Mt for white pepper. The slight increase of Indonesia pepper could be contributed to the strengthening of Indonesian Rupiah against US Dollar (IDR 15,413 @ USD 1). Malaysia's black and white peppers were also reported with an increase of 1% respectively when compared to the previous week with an average of USD 1,701 per Mt for black pepper and USD 3,052 per Mt for white pepper. Furthermore, Viet Nam black pepper was reported with an increase of 1% as compared to the previous week at an average of USD 1,649 per Mt whilst Viet Nam white pepper was reported stable and unchanged. Sri Lanka black pepper was reported with an increase of 3% as compared to the previous week and was traded at an average of USD 2,680 per Mt. China white pepper was reported stable and unchanged.


INTERNATIONAL MARKET

International market also showed a rather positive outlook as only India origin was reported with a decrease. India black pepper was reported with the same 1% deficit when compared to the previous week at an average of USD 4,385 per Mt. Indonesia black and white pepper were reported with an increase of 1% respectively as compared to the previous week averaging at USD 2,005 per Mt for black pepper and USD 3,358 per Mt for white pepper. Malaysia black and white pepper continued to be traded stable and unchanged. Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were also reported stable and unchanged. China white pepper was reported steady and also unchanged.

Trade activity in US market this week was reported with moving slow due to the pandemic of corona virus with a wishful prospect the next month business will recommence though grinder/trading house stock limited. 








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Monday, March 09, 2020

#PEPPER MARKET UPDATE 9TH MARCH 2020 – WEEK 11






Vietnam has exported roughly 25,600 tons of pepper in February, bringing the total pepper exported in the last 2 months to 40,600 tons, an increase of 11% compared to the first 2 months of 2019. We forecast March the total export volume will be easy to reach from 32 to 35,000 tons. All details data that we will collect and send you within next week.
Under the influence of #Corona Virus, the pepper market in Vietnam has had certain effects when prices decreased slightly over the weekend due to low demand and psychological factors affecting commodity prices. Furthermore, almost exporters covered enough raw material for Feb/First week March shipment and now keep sidelined.
After easier tone, the market has shown signs of recovery with some demand from India/Nepal and Eastern Europe. The USA market also recorded some demand for further shipment from June to December. However, business were slow due to collector/exporters/speculator prefer to offer promptly shipment and hesitating to offer full year shipment. In contrast to many other countries, Vietnam currency has strengthened against the USD and expected to continue until the second quarter of 2020 (equivalent to a price increased of about 10$/Mt).
China It seems has better control of the disease and we hope the situation will settled down soon. Border traded still tight and under strict control with costly. However, likely demand are returning soon. China reported trading its white pepper internationally with an average of USD 4,375 per Mt.
India as the harvest come to full swing Malabar black pepper was traded with a 4% discount on the price as compared to the previous week, averaging at USD 4,203 per Mt. Currency depreciation than USD from  last week.
Indonesia black and white pepper also down around 1 and 2% respectively at an average of USD 1,684 per Mt for black pepper and USD 3,053 per Mt for white pepper. Indonesian Rupiah also weakening than USD with 2% depreciation.
Malaysian an increase of 1% as opposed to the previous week, averaging at USD 1,767 per Mt for black pepper and USD 3,172 per Mt for white pepper.
Sri Lanka was also reported steady at an average of USD 2,937 per Mt.
Brazil market we heard continue firm and less offer from farmers/collectors. USD stronger against with Real.







 










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Wednesday, March 04, 2020

#PEPPER #INDIA - Pepper imports from Brazil worry Indian growers







Kochi March 03, 2020

 #Coronavirus
Spice meet put off on virus scare

Pepper farming community has voiced concern over the presence of Brazilian pepper in India. It is reported that markets in Rajasthan, Gujarat, Delhi and Maharasthra are getting Brazilian pepper for re-export at ₹340 +GST paid and freight delivered at the buyer’s doorstep.
The price of Indian pepper comes to around ₹360. Traders claim Brazilian pepper has 600 gm/litre bulk density.

According to Kishore Shamji of Kishor Spices, pepper farmers are worried over the new entrant into the Indian markets, which is selling below the Vietnam pepper prices. The latter rules at $2,000 per tonne against the Brazilian pepper’s $1,800-1,900. It is estimated that over 600 tonnes of Brazilian pepper were imported into the country during December and January.

Normally, Vietnam bolder berries would slip into the domestic market as No 13 quantity that had snatched away Wayanadan and Karnataka pepper share from the domestic market.

Meanwhile, pepper prices in Kochi were down by ₹1 per kg with limited sellers from Kerala. The arrivals in the market was lower at 13 tonnes. The average price realised for ungarbled varieties was ₹308 per kg, while MG1 garbled stood at ₹328. New pepper was quoted at ₹298.
However, traders expect arrivals to pick up in the coming days, mainly from Wayanad and Karnataka, to be followed by Tamil Nadu.

Meanwhile, the coronavirus scare has forced organisers in Kochi to postpone the International Spice Conference 2020 slated to be held from March 8 to 11.
The organisers pointed out that many of the delegates from countries such as Italy, Europe, West Asia have informed their inability to attend the meet.

V Sajeev Kumar
The HinduBusinessLine









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#PEPPER #INDIA - Limited offtake drives pepper prices down





Kochi  March 02, 2020

Limited offtake by end-users and improved arrivals hammered pepper prices down by ₹8 a kg in Kochi last week.

The market was also down by ₹1 on Monday on the arrival of 72 tonnes and the average price realised was ₹309 for ungarbled varieties. MG1 garbled variety was quoted at ₹329, while new pepper stood at ₹299.

According to Kishore Shamji of Kishor Spices, pepper from Coorg and Wayanad with moderate demand from end-users was sold. Dealers from Delhi, Uttar Pradesh and Madhya Pradesh were not buying because of riots in the capital city.

However, cold conditions in northern India is keeping demand stable. Consumption in the domestic market has gone up to 5,000-6,000 tonnes a month, which could be met by domestic production, he said.

Shamji said imports from Sri Lanka have come down to 69 tonnes in January. February figures are yet to be known. However, traders voiced concern over the reported move by Sri Lanka and Vietnam to impress upon Indian government to withdraw the minimum import price imposed on pepper, which would enable these countries to dump their produce in the domestic market.

Though arrivals from Karnataka and Wayanad have picked up, traders said availability of Karnataka pepper was limited with good buying interest for pepper with bulk density above 550gm per litre.

A section of the trade speculates that the market is likely to drop to ₹250 per kg in Rajasthan and Madhya Pradesh on higher production, Shamji said.

V Sajeev Kumar
The HindubusinessLine







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Friday, September 27, 2019

IPC MARKET REPORT No. 39/19, 23 September - 27 September 2019

LOCAL MARKET
Market this week showed mixed response as only India with an increase. In local market, Malabar black pepper was reported with an increase by 1% as compared to the previous week averaging at USD 4,582 per Mt. Indonesia black and white pepper were reported to be traded stable with an average of USD 1,804 per Mt and USD 3,325 per Mt respectively.
Malaysian black and white pepper were reported with a 1% deficit as compared to the previous week at an average of USD 2,025 per Mt for black pepper and USD 3,550 per Mt for white pepper.
Furthermore, Viet Nam black and white pepper were also reported with a decrease by 1% and 6% respectively as compared to the previous week averaging at USD 1,765 per Mt for black pepper and USD 2,669 per Mt for white pepper. The significant decrease in price of white pepper in Viet Nam was contributed to the decreasing in average price of Viet Nam white pepper in the local currency with an average of VND 63,500 per Kg from VND 67,500 per Kg in the previous we ek or a decrease by VND 4,000 per Kg.
Sri Lanka black pepper was reported with a 1% deficit as compared to the previous week at an average of USD 2,377 per Mt. Whilst,
China white pepper was reported to be traded with an average of USD 4,645 per Mt.



INTERNATIONAL MARKET
In international market, FOB prices of most origin were reported stable with only India reported an increase.
FOB price of India black pepper was reported with the same 1% increase as compared to the previous week at an average of USD 4,864 per Mt.
Indonesia black and white pepper were reported steady averaging at USD 2,227 per Mt for black pepper and USD 3,938 per Mt for white pepper.
Malaysia black and white pepper continued to be traded stable and unchanged.
Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were also reported stable.
China traded its white pepper in the international level with an average of USD 4,845 per Mt. 









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Descrição: Imagem removida pelo remetente.

Tuesday, August 27, 2019

Kerala farmers back to cardamom cultivation as the price hits a record high




Published: 26th August 2019 



Kerala’s reputation as the land of spices goes back at least 3,000 years. Here, Express delves into the aromatic world of spices with a special focus on Kerala.
By Express News Service

Cardamom, called the queen of spices, proved worthy of its title when it fetched a record price in the market this year and brought good tidings to Kerala farmers who are otherwise affected by the vagaries of the weather.

With the price hitting Rs 6,000/kg, cardamom growing areas saw people buying acres of farms and those who had turned to other crops returning to cultivate the green gold. Kerala’s reputation as the land of spices goes back at least 3,000 years. Here, Express delves into the aromatic world of spices with a special focus on Kerala.

SPICE GARDEN OF INDIA

Kerala is known as the spice garden of  India. It is the largest producer of small cardamom. It is also famous for black pepper, clove, ginger, cinnamon and Malabar tamarind
Though farmers with small holdings do cultivate spices, most of the produce comes from large plantations
Traders from ancient Phoenicia made tours to Kerala to carry back spices to Mediterranean lands. Pepper, cardamom, cinnamon, ginger, cloves and more -- the spices were used to add flavour to food and wine and preserve meat during winters
Apart from traditionally grown spices, Kerala farmers have taken to growing spices such as vanilla, oregano, rosemary, thyme, basil, mint, bay leaf and sage.

YIELD: WHY THE DROP 

In the case of pepper, ginger, turmeric, nutmeg and cardamom, there has been a decrease in productivity in the state due to adverse weather conditions like long dry spells and short periods of intense rainfall
    For cardamom, tropical, hot and humid climates are suitable. Ideal humidity level is 75%. For the past few years, Kerala has been receiving only 40% of its share of summer rainfall.
A deficit of 60% seriously affected the yield
    The long dry spell, at a time when spiking and pollination need to happen, followed by heavy rain led to a drop in yield of both pepper and nutmeg. Flooding spelt doom for nutmeg plantations in major production centres like Ernakulam
In the case of ginger, the huge disparity in market price and the cost of production saw many farmers ditching the crop. Ginger farmers from Kerala have shifted to Karnataka’s Western Ghats districts and Malenadu region. Ginger crop is disease-prone.


PRICE: WHY THE RISE

The sudden spurt in cardamom prices has been due to the fall in production, says Dr Muthuswamy Murugan, professor and HoD, Cardamom Research Station at Pampadumpara in Idukki. “Due to adverse weather conditions, the production has fallen by 25% to 35%.”
Production of green cardamom has fallen from 25,000 tonnes to 10,000 to 12,000 tonnes in the past few years.
The average price of cardamom reached Rs 4,000 this season and it presently commands a price of Rs 2,900 to Rs 3,000 per kg.
In the case of nutmeg and pepper, the price is holding steady though there is competition from imports.

EXPORTS: REASONS TO WORRY

India has a 45% share in the global market for spices, but concerns over adulteration and excess pesticide use are posing a threat
Several countries have already raised complaints  – want India to ensure quality or lose business.
According to Dr Muthuswamy Murugan, the export of spices, especially cardamom, will not see a surge in the future due to the huge amount of pesticides being used by farmers.
According to Jojo George, MD, KCPMC Agrisolutions, the low exports have not hit spice traders. “The domestic market is robust and the huge demand in the country for small cardamom has kept the trade on an upward swing.”


Indian spices have been able to record huge gains in volume and value. Spice exports have recorded substantial growth in the past five years. During 2017-18, a total of 10,28,060 tonnes of spices and spice products valued at Rs 17,929.55 crore were exported from the country as against 9,47,790 tonnes valued at around Rs 17,600 crore during 2016-17 _ thus registering an 8% increase in volume.

Export figures of major spices in 2017-18

    16,840 tonnes Pepper
    5,680 tonnes Cardamom(small)
    22,605 tonnes Ginger
    1,07,300 tonnes Turmeric
    5,500 tonnesNutmeg and mace

http://www.newindianexpress.com/states/kerala/2019/aug/26/kerala-farmers-back-to-cardamom-cultivation-as-the-price-hits-a-record-high-2024295.html


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Monday, August 26, 2019

IPC MKT REPORT 34/19, 19 August - 23 August 2019

Local Market

Market this week showed mixed response with a rather stable outlook as only Malaysia recorded deficit. In local market, Malabar black pepper was reported stable with an average of USD 4,692 per Mt. Indonesia black pepper was also reported steady with an average of USD 1,896 per Mt. Whilst, Indonesia white pepper was reported with an increase of 1% as compared with the previous week, averaging at USD 3,406 per Mt. In local currency, Muntok white pepper was traded with an average of IDR 48,500 per Kg increasing marginally by IDR 500 per Kg. This week, Malaysian black and white pepper was reported with a decrease by 3% and 1% respectively as opposed to the previous week averaging at USD 2,267 per Mt for black pepper and USD 3,840 per Mt for white pepper.
Viet Nam black and white pepper were reported stable and unchanged.
Sri Lanka black pepper reported with an increase by 1% as compared to the previous week averaging at USD 2,509 per Mt while China white pepper was reported stable with an average of USD 4,795 per Mt.

International Market
In international market, FOB price of India black pepper was reported steady with an average of USD 4,971 per Mt.
Indonesia black pepper was reported stable and unchanged. Whilst, Indonesia white pepper was traded with 1% increase as compared to the previous week with an average of USD 4,026 per Mt. Contrary to the farm gate price, Malaysia FOB prices for black and white pepper continued stable and unchanged. Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were reported stable averaging at USD 2,270 per Mt, USD 2,335 per Mt and USD 3,420 per Mt respectively.
China white pepper was also reported stable and unchanged averaging at USD 4,995 per Mt.





















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Thursday, August 15, 2019

India Spices: Wednesday, Aug 14




By Preeti Bhagat

NEW DELHI – Futures contracts of all spices on domestic exchanges, barring mentha oil and jeera, ended lower today.

Coriander futures on National Commodity and Derivatives Exchange hit a 10-week low of 5,810 rupees per 100 kg because of imports from Ukraine, Russia and Bulgaria, said Kamal Vijayvargia, a Kota-based dealer.
"Weather is very favourable right now for next season's sowing, which is a negative factor for prices… Imports have also risen a lot and are coming into India at $650 per tn," he said.

Contracts of jeera ended higher as investors covered their short positions after prices hit an over four-month low of 16,810 rupees per 100 kg in early trade today.
The rise in prices today was also because arrivals in Gujarat's Unjha market fell by 4,000 bags (1 bag = 55 kg) to 6,000 bags, said Mahesh Yadav, a local dealer.

Turmeric futures ended in the red because of profit booking after prices hit a three-week high of 7,198 rupees a 100 kg on Tuesday.

Futures contracts of mentha oil on Multi Commodity Exchange hit a two-month high of 1,324 rupees per kg due to strong demand from domestic stockists and pharmaceutical companies, said Rajiv Gupta, a Sambhal-based spice oil trader.

Cardamom futures hit the 4% maximum lower circuit today as heavy rainfall in Kerala is likely to help plantations with better fruit formation and growth, traders said.

Heavy-to-very heavy rainfall is likely over Kerala during the next 48 hours due to a cyclonic circulation over northwest Arabian Sea, India Meteorological Department said. It also issued a 'red alert' for the state today.

On Indian Commodity Exchange, the August pepper contract traded lower following reports that the Sri Lankan government is likely to hold talks with India for relaxing the minimum import price of the spice.
Currently, Sri Lankan exports up to 2,500 tn of pepper to India at zero duty under the Indo-Sri Lankan Free Trade Agreement. Exports over and above this quantity are subject to 8% duty under the South Asia Free Trade Agreement.


This copy was first published on the Cogencis WorkStation
© Cogencis Information Services Ltd. 2019. All rights reserved.



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Tuesday, August 13, 2019

Sri Lanka’s move to ease exports to India worries pepper industry


Any export above the limit is subjected to 8 per cent duty under South Asia Free Trade Agreement.
By PK Krishnakumar  ET Bureau|Aug 13, 2019

Kochi: India’s pepper industry took exception to the reported move by the Sri Lankan government to hold talks with the Indian ministry for relaxing the minimum import price (MIP) fixed for black pepper to protect the domestic industry.

Over a year ago India had slapped an MIP of Rs 500 per kg on black pepper to curb increasing imports of the spice into the country that had pushed down prices to around Rs 350 per kg from nearly Rs 500 per kg.

The government had levied MIP  pepper traders and exporters complained that Vietnamese pepper was coming to India via Sri Lanka with certificate of origin issued by the latter.

“Sri Lanka should have ensured that no certificate of origin was issued for Vietnam pepper routed to the country which caused great damage to Indian pepper farmers,’’ said Kishore Shamji, Kerala coordinator of Indian Pepper and Spice Traders, Growers, Planters Consortium.

Currently, India levies zero duty import on 2,500 tonnes of pepper from Sri Lanka annually under the Indo-Sri Lanka Free Trade Agreement. Any export above the limit is subjected to 8 per cent duty under South Asia Free Trade Agreement as against the usual customs duty of 70 per cent on pepper import into India.

“Indian pepper growers feel no further concession should be made till domestic prices reach Rs 500 per kg. Any further concessions will lead to the destruction of pepper farmers in India,’’ Shamji said, adding that the spice extraction industry is already importing pepper without duty under advance licence for value addition and re-export. Indian pepper is the highest priced in the world market at present and as a result pepper from other markets is being smuggled into the country. “Brazilian pepper is being smuggled to the country and sold at Rs 370 per kg,’’ said Jojan Malayil, chief executive officer of Bafna Enterprises.



www//economictimes.indiatimes.com/






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Friday, July 05, 2019

IPC MKT REPORT No. 27/19, 1 July - 5 July 2019


MARKET REPORT
Market in the first week of July 2019 showed mixed response albeit slightly negative.
In local market, Malabar black pepper was traded with a 2% deficit as compared to the previous week with an average of USD 4,879 per Mt.
India black pepper price in local currency was reported at INR 336 per Kg on Thursday.
Indonesia black pepper was reported stable, whilts Indonesia white pepper was reported to be traded with a deficit by 1% as compared to the previous week. Averaging at USD 2,052 per Mt for black pepper and USD 3,431 per Mt for white pepper. Indonesian black and white pepper in local currency were traded at an average of IDR 29,000 per Kg and IDR 48,500 per Kg respectively.
Malaysian black and white pepper was reported stable and relatively unchanged as compared to the previous week, averaging at USD 2,475 per Mt for black pepper and USD 3,908 per Mt for white pepper.
Viet Nam black pepper was reported to be traded with a slight 1% deficit as compared to the previous week, averagi ng at USD 1,945 per Mt, whilst Viet Nam white pepper reported unchanged.
Sri Lanka black pepper continued to be traded negatively and was reported with the lowest ever prices in recent years. Recording a 5% deficit as opposed to the previous week at an average of USD 2,681 per Mt. China white pepper followed the negative trend and was traded with a 2% deficit.


In international market, FOB price of India black pepper was reported with slight deficit of 1% as compared to the previous week at an average of USD 5,169 per Mt.
Indonesia black pepper was reported stable with an average of USD 2,509 per Mt whilst Indonesia white pepper was reported to be traded with a 1% deficit as compared to the previous week.
Malaysia black and white pepper were reported unchanged, averaging at USD 3,685 per Mt and USD 5,275 per Mt respectively.
Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were reported with a 1% deficit as opposed to the previous week with an average USD 2,315 per Mt, USD 2,380 per Mt and USD 3,465 per Mt respectively.
China white pepper was reported with a 2% deficit as opposed to the previous week at an average USD 4,921 per Mt in the international market.

US market was reported stable and unchanged with Muntok spot price being reported at USD 5,072 per Mt. 

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Tuesday, June 18, 2019

Vietnam new crop White Pepper

Offering now for prompt shipment Vietnam White Pepper DW ASTA grade
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Monday, August 10, 2009

PEPPER - SWEET MEMORIES

Weekly Highlights
2009-08-10


Remember last monday ?

"
2009-08-04
Market in Brazil today was extremely firm with enquiries poppin in and some trades done reported at 2,550 fob for ASTA."

Well, today Brazil sold reportedly BASTA to US at $ 2,960 pmt And US roported also purchase from Indonesia at $ 2,900 pmt FOB
Other price indications were reported as Vietnam 500 gl up tp $ 2,750 and 550gl up to $ 2,880. Brazil was asking $ 2,750 for B2 and $ 2,850 for B1 while India was said to reach the level of $ 3,300 for MG1. Non-stop breathless climb. Acording some american observers it seems that buyers are supporting this move upwards by purchasing even as quietly as possible some quantities needed for coverage. If this is true it might be considered that the pace is consolidated.
For that purpose we publish a note today, about an European report.

Coming back to last monday: $ 400 pmt in one week ! - not a bad deal.

Sweet memories...

Tuesday, May 06, 2008

Ncdex - Gamblers safehaven and exporters nightmare

Ncdex(National Commodities derivatives Exchange) Gamblers safehaven and exporters nightmare
Jojan malayil

If you ask me the most dangerous thing you do in the national commodity exchange i will say trading in Ncdex who handles most of the agri commodities futures . The organisation is run by certain numbheaded ex bank officials and new generation MBA!s who has absolutely no knowldge about what you call as domain knowledge.The whole organisation is in the hands of just 10 financially sound broking companies who twists and make the byelaws of the exchange according to thier books , whims and fancies and controls 90% of the volume of the exchange.There is no control over the individual operations of certain members but strictures are put on genuine broking members who follows the norms and never cross the limits.These people operate against all fundamentals of the market and certain times corners a certain commodity because of their muscle and money power.

Just to naarate a very recent incident which happened to us in the recently concluded april 2008 chillies contract 2008 april.We were long and opted for delivery of our 100 mt due to our unfulfilled overseas obligations and the prices offerd to us by ncdex qualty delivered to accredited warehouses of ncdex was much higher than what was traded in the exchange . On the closing day of contract the market hit 2 uppercircuits as sellers were trying to opt out for deliveries as open market prices were much higher.Ncdex came out with a settlement price which they claim they have pooled through their accredited spot monitoring agency Rs 3 lower and settled the contract defaulting delivery anf giving us 21 paise per kilo.We just cant understand the logic of not being allowed the M2 M for us and if a Gambler who would have sold without stocks in the last miniute after paying 2.5% penalities would have walked away 2ith Rs 1.90/- kg and a genuine exporter who would have taken a position in the last day for his unfulfilled overseas obligation would have paid from his pocket Rs 3.05/-kg .

As an exporter who has been hedging overseas commitments in regional exchanges without any problems in the past 28 years is now hit severely both mentally and financially with the lack of domain knowledge of National Commodities and Derivatives Exchange (NCdex) and would warn exporters to keep away from this exchange for their own safety and should promote other exchanges where compulory delivery is compulsory in the liereal meaning of the word and they have systems in place to check so the genuine hedgers are protected.Also would appeal overseas traders who are following the movements in Ncdex pepper and not to waste their time and dont get cheated with the irrevalent quotes which comes which has no relation with the spot market in India.