VIETNAM PEPPER MARKET UPDATE 8TH SEPTEMBER 2020 – WEEK 37

 

 

According to the estimate of the Import and Export Department, pepper exports in August reached 18 thousand tons, worth $ 45 million, down 0.1% in volume but up 0.3% in value compared to July. Compared to 8/2019 decreased 4.6% in volume and 3% in value.

In the first 8 months of 2020, pepper exports reached 203 thousand tons, worth $ 445 million, down 7.4% in volume and 19.9% in value over the same period in 2019.

In August, the average export price of pepper was estimated at 2,500 USD/ton, an increase of 0.4% compared to July and an increase of 1.6% compared to August 2019.

In the first 8 months of 2020, the average export price of pepper was estimated at 2,198 USD/ton, down 13.5% over the same period in 2019.

Market opening this week with firmer trend due to good demand from EU after long vacation. USA showing many interesting to cover fourth quarter 2020 and first quarter 2021 shipment but we heard Vietnam exporters withraw or have not give any discounting on the price. China we foreseen will back again very soon to cover enough stock 2020 after only booked 1.240 tons in August. Vietnam farmer will walk with deliberate step and not hurry to offer when their stock has reduced remarkable. 

Indonesia White pepper up daily and very less offer due to poor crop. Black Pepper is moving up and less offer is predictable.

Brazil Market firm/up tone and less offer when exporters prefer to cover short position. We heard crop maybe affected due to farmer not take care much in Para crop and density of pepper is lower than expectation.  

 

 *

On August 24, 2020, The Vietnam Ministry of Industry and Trade issued Decision No. 2250 / QD-BCT announcing the List of “Reputable exporters” in 2019. PTEXIM is honor to be the honored pepper exporter.

The list of “reputable exporters” in 2019 was synthesized and announced on the basis of selection and proposal of 55 agencies and organizations including ministries, industries, commodity associations, provincial Department of Industry and Trade with strict criteria for 25 commodity sectors as regulated by the Ministry of Industry and Trade on minimum export turnover, reputation of business with foreigners, and observance of legal regulations on customs. environmental protection tax…

As one of the leading professional exporters in Vietnam’s pepper market. PTEXIM has been recognized and honored by the Ministry of Industry and Trade as a “reputable exporter” in 2019. We understand and persevere in pursue the goal of quality products, professional services and brand reputation as the foundation for sustainable development for businesses with all responsibilities and passion. We hope continue to receive your support.

 

 

 

IPC PEPPER REPORT No. 31/20, 27 - 31 July 2020

LOCAL MARKET 

As the Moslem around the world celebrates the Eid Al-Adha Mubarak 1441 H amid the global pandemic of Corona Virus, Market this week showed mixed response with a rather positive outlook as only Viet Nam origin recording a decrease. In local market, Malabar black pepper was reported with an increase of 1% as compared to the previous week at an average of USD 4,122 per Mt. Indonesia black and white pepper were reported with an increase of 8% and 5% respectively as opposed to the previous week averaging at USD 2,193 per Mt for black pepper and USD 3,426 per Mt for white pepper. The increase of Indonesia pepper could be contributed to the increase of demand as well as the strengthening of Indonesian Rupiah against US Dollar (IDR 14,593 @ USD 1), an appreciation by 1% recorded. Malaysia black and white peppers in local market were reported with an increase of 1% respectively when compared to the previous week at an average of USD 2,301 per Mt for black pepper and USD 3,655 per Mt for white pepper. Furthermore, Viet Nam black and white pepper were reported with 3% deficit respectively when compared to the previous week averaging at USD 1,970 per Mt for black pepper and USD 2,745 per Mt for white pepper. Sri Lanka black pepper was reported with a significant increase of 8% as compared to the previous week and was traded at an average of USD 2,858 per Mt. China white pepper was reported stable and unchanged.

INTERNATIONAL  MARKET

International market was reported with a more positive outlook. India black pepper was reported with the same increase of 1% as compared to the previous week at an average of USD 4,390 per Mt. Indonesia black and white pepper were reported with an increase of 7% and 5% respectively as compared to the previous week averaging at USD 2,665 per Mt for black pepper and USD 4,044 per Mt for white pepper. Malaysia black pepper was reported with an increase of 2% when compared to the previous week at an average of USD 3,609 per Mt whilst Malaysia white pepper was reported stable. Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper as well as China white pepper continued to be reported stable and unchanged.

US market this week was reported with the increase of price of black as well as white pepper nevertheless buyers held on to source from producing origins. Muntok white pepper for CF August/September was reported at USD 4.600 per Mt.

VIETNAM - PEPPER MARKET UPDATE 18TH MAY - WEEK 21

Market opening today firmer and very less offer. Farmers/middleman keep watching and not offer raw material. Good demand coming from USA/EU/ASIA especially from China both black and white pepper. Exporters covering short position so market maybe continue increasing is foreseen.

VIETNAM EXPORTS

Total export turnover in April reached 73.4 million USD (black pepper; 62.8 million USD, white pepper; 10.6 million USD). Compared to the previous month, export volume decreased by 9.3% and turnover decreased by 12.1%.

The average export price of black pepper in April reached 1,898$/ton and white pepper; 3,150$/ton.

China continued imported biggest quantity within in April, reaching 11,416 tons, up 5.8% and around for 31.3% of total export of Vietnam Pepper.

January to April 2020; Vietnam exported 116,764 tons with turnover reached 248.75 million USD. Compared to the same period in 2019, exports quantity increased by 7.8%, but exports - import turnover decreased by 12.1%.

-          Imports of Asia in the first 4 months decreased by 1,254 tons to 64,868 tons but it remained the largest import area of ​​pepper from Vietnam ( 55.2%).

-          China is biggest with total quantity imported from Jan to April reached 26,266 tons (19.8%), down 2,635 tons compare with the same period last year.

-          India is also sharp decrease from 10,102 tons in 4 months of 2019 to 5,978 tons in 4 months of 2020, a decrease of 40.8%.

-          Some other import markets decreased including Iran decreased 736 tons, Arabs decreased 592 tons, Indonesia decreased 236 tons, ...

-          Imports increased sharply in Myanmar, up 3,346 tons to 4,117 tons, Nepal increased 1,500 tons to 3,826 tons, ...

-          USA import increased by 2,622 tons, of which the USA increased 2,144 tons to 19,759 tons (16.8%) and was the second import market of Vietnam Pepper.

-          Europe, the import increased by 2,976 tons to 20,438 tons (17.4%), leading by Germany imported 4,137 tons, up 562 tons. Next is the Netherlands, Russia, England, Turkey, ... Imports dropped the most in Ireland, dropping 1,791 tons to 385 tons.

-          Africa import around 8.9%, increasing 2,986 tons over the same period, leading by Egypt importing 4,932 tons, up 2,141 tons. Followed by Senegal imported 1,506 tons, up 119 tons.


##черный_перец #специи #μπαχαρικά #μαύρο πιπέρι #توابل #فلفل اسود #मसाले #काली मिर्च #Gewürze #schwarzer Pfeffer #နံ့သာမျိုး #ငရုတ်ကောင်း #baharat #karabiber #vietnampepper #مصالحے #

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#Coronavirus impact: Global pepper market witnessing a grim scenario

Rajesh Ravi |
March 18, 2020
Global pepper market is witnessing a grim scenario with no demand seen in the past two weeks as the coronavirus outbreak impacts its prices in Europe and the US, bringing down by 6-8 % in 2020. This could fall further with COVID-19 as it spreads to key markets of the US and Europe.

Jojan Malayil, chief executive officer of Kochi-based Bafna Enterprises, said the situation was very grim and buyers were not even asking for the rates.
“There is an extreme fear in the market and our regular buyers are in the wait and watch mode. Suppliers of spices in the US market fear a drop in demand if the disease spreads to more cities and people. Prices could drop further if the situation continues like this,” he said.

Jojan said Vietnam was offering American Spice Trade Association (ASTA) grade pepper for $1,950 per tonne, while Brazil and Indonesia are quoting lower than that. However, Rajiv Palicha of Nedspice India told FE that there was not much disruption in pepper trade except in container movements slowing down due to problems in China. “Prices of all spices have declined 8-10% and arrival of the new crop in pepper has added to the pressure. There is a slight slowdown in demand from China and Italy but overall, the trade has not seen big disruptions,” he added.

Pepper Crop Report by Nedspice in January 2020 reported that new crop arrivals were expected to peak between February and April putting further pressure on pepper prices over the upcoming months. The report added global production was estimated to drop by 12% this season, but the overall stocks were expected to be still well above the total market demand.

Palicha said domestic demand for pepper and trade has not so far been disrupted due to the virus outbreak. India is the largest consumer of pepper in the world and the second largest producer after Vietnam. Traders believe that a revival in Chinese demand could help support pepper prices to a certain extent in the short run.



Published: March 18, 2020 3:00:05 AM
https://www.financialexpress.com/market/commodities/








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#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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#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 MARKET UPDATE 2ND MARCH 2020 – WEEK 10

Vietnam pepper price has increased by 10% in the past two weeks. The price of material from the VND 36,500 has increased to VND 40,000 today. Despite being in the harvest season, raw material prices continue to rise steadily due to the following main reasons;

- At these level, many farmers are at a loss, almost all consider storing pepper. Farmers and domestic agent prefer to sell other agricultural products like Coffee to cover temporary costs and store as much pepper as possible. As their perspective, pepper is the most attractive to invest compared to other agricultural products.

- Pepper price is at low level, it has stimulated many exporters/agents to buy stocks. Especially, there are large enterprises with FDI capital actively participating and pushing the market up sharply in the past week. Pepper harvesting fully swing in all area in Vietnam however it is not easy to buy large quantities from last week.

- Although cross-border transactions with China are still very difficult and costly, there have been some Chinese businessmen buying and stockpiling in Vietnam. They feeling pepper price was good and waiting for better clearance opportunities. It’s stimulated the market to increased until now.

- Several exporters are big short and have to buying raw material in secret for the ordered in the first quarter 2020.

China The situation of Corona Virus has been better controlled and real demand is gradually returning to the border. However, customs clearance is still slow due to many procedures and costs.

India In local market, Malabar black pepper was traded with a 2% deficit as compared to the previous week, averaging at USD 4,372 per Mt.

Indonesia black and white pepper were reported with a 2% deficit respectively when compared to the previous week.

Malaysian black and white pepper were also traded domestically with a 2% and 1% deficit respectively as opposed to the previous week.

Sri Lanka black pepper was reported steady at an average of USD 2,929 per Mt.

Brazil  Continue to offer competitive prices but not much quantity. The Brazilian currency, which has depreciated against the US dollar by more than 10% since january, has also kept Brazil pepper prices at low level. However, we would not be surprised if the Brazilian market continues to increase follow Vietnam.

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VIETNAM - #PEPPER MARKET UPDATE 25TH FEB 2020 – WEEK 9;

#PEPPER:

Vietnam;
Pepper market firmer and increasing tone around 100$ from last week. Exporters have been covering short position for Feb/First Half March shipment beside some middleman/collectors buying huge quantity to keep stock. We heard some demand coming from China (Pay Full Tax) for prompt shipment that encourage farmers hold on and not offer in bulk. Good demand coming from Middle East/Nepal/India for March/April shipment especially black pepper 5mm bold cause shortage BOLD raw material in this time. USA customer more interesting to cover full year shipment but processor/exporters hesitate to offer long shipment. 

China;
The borderline start opening but not easy to clear cargo from trucking like before. The business in border trade maybe continue very tight until second quarter.

Brazil
Market uptrend continue and stock limited. Exporters cautious to offer second quarters shipment.

#PEPPER - SPICES MARKET UPDATE 21ST FEB 2020 – WEEK 8

Vietnam; Pepper market after being stable for 2 weeks, has shown more signs of bullish trend when prices have increased by about 40 - 50$/MT in the past 2 days.

Currently, the pepper harvesting spread all area in Vietnam, but it is expected to peak season arriving in next 2-3 weeks. However, Due to the low price of pepper, many farmers have lost money, they do not take well care and focus on harvesting as in previous years.

Many farmers harvesting by themselves instead of hire worker to reduce their labor costs. This will take to longer harvesting times than before and raw material of new crop to the market is very slow.

Most of the farmers only sell raw material as little as possible and this year's storage trend is much bigger than before. Although it is in pepper season that not easy to buy large quantities like before.

Exporters still have to covering raw material for February/FH March shipment so the price trend maybe stable in the next 1-2 weeks is foreseen.

The low price has also stimulated several agents, collectors as well as traders to buy more and stockpiling.

China; The borderline continues to close, but both governments Vietnam and China have regulations to make goods exchange and trading more favorable than before. We hope the Corona Virus will be shut down soon and the border trade will going smoothly in the next weeks.

India; We heard market firmer, Malabar black pepper an increase of 1% as compared to the previous week.

Indonesia;  Black and white pepper was reported stable.

Malaysia/Srilanka;  Black and white pepper with a 2% and 1% easier to the previous week

Brazil; Market uptrend, farmer/exporters hesitate to offer with discounting on the price. Stock we heard less and limited to offer March/April shipment.

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#BlackPepper - First Report after Lunar New Year

Vietnam; exported in the first half of January 2020 around 9,496 tons of pepper and possible export over 16,000 tons in January. That will be less than the same period 2019 (exported 19,773 tons) because Vietnam has a long holiday from 23rd to the end of January 2020.

Pepper market in general has slightly decreased because the carryover is still available while the new crop has started to harvest. It is expected that after a week more Daklak area will start to harvest, Daknong starting fully swing during this time. The supply of material to the market to be quite abundant from now to the end of March 2020.

However, it is difficult to predict the price when the pepper price is already very low, many farmers are at a loss and do not take care of the pepper plantation as before.

Manufacturers and exporters are quite cautious and rarely sell big short as in previous years because this price is not attractive, the profit margin is too low while the risk is high.

India; According to Cogencis, Pepper harvest in Kerala state has officially started in January 2020, but the output and quality of pepper are low due to adverse weather. Crop size in 2020 is forecast to increase by 30% from last year to 61,000 - 62,000 tons due to favorable weather in Kerala state.

According to Indian experts, pepper prices may decrease in the period February - March after the states of Kerala and Karnataka in the main season.
Brazil:In Brazil the strong fluctuations in the exchange rate in the last week, has contributed to some discounts below the level of the last week.
Against this favorable news for the importer, a week of heavy rains in ES(Port of Vitoria), affected the harvest and the delivery of dry black pepper and the weather forecast for February is not favorable
Further, the short availability of free containers and complicated documents processing are delaying contracted shipments.
The heavy rains cause a decrease in supply of pepper to local market, processors and exporters

It is generally understood that 60% to 70% of the ES crop has already been harvested.

Large consumer market;

China; Under the influence of the Corona virus and currently on the occasion of the Lunar New Year, almost all international border gates with Vietnam have closed. The quota trade with the pepper market was temporarily suspended. Demand for pepper from China, is expected to be very low/absent in the next 1-2 weeks.

America; High demand for whole year shipment, especially with delivery period in the second half of 2020. However, prices are not really attractive and risky, so some exporters in Vietnam are still hesitant.

Nepal & the Middle East; Great demand for 5mm bold berries pepper with immediate shipment while limited supply and raw material.

EU; Focus on buying with spot orders and not much quantity.

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Black pepper in Brazil January 17, 2019

This Thursday and Friday a "bunch"of enquiries was arriving for Brazilian Black Pepper, from different buyers (or agents) to different exporters all trying to  get cheap price.

Actually it is unknown the exact number of enquiries because one buyer usually asks 2 or 3 or 4 suppliers. They go to the market and create an illusion of a big demand.


Anyhow bids @1875, 1850 and even 1800 abound. However this fact has a contrary effect -such activity actualy turns the market stronger, with some reliable exporters stepping out waiting how things will evolve next week.
This because beyond new orders, there are exporters that sold short at the end of the year and now try to cover their commitments.


All-in-one this situation signals an uprising trend in  Brazilian Pepper price.
With Vietnam beginning the new Year celebrations a clearer picture might be seen ofter 2 weeks time.
MW

IPC MARKET REPORT No. 01/20, 30 Dec. 2019 - 03 Jan 2020

LOCAL MARKET
Market at the end of 2019 and the beginning of 2020 showed mixed response with only Indonesia and Malaysia origins recorded an increase. In local market, Malabar black pepper was traded with a 1% deficit as compared to the previous week with an average of USD 4,627 per Mt. In local currency, Malabar black pepper was traded at an average of RS 330 per Kg. Indonesia black pepper was reported stable at an average of USD 1,761 per Mt. Whilst, Indonesia white pepper was reported with an increase of 2% as compared to the previous week averaging at USD 3,091 per Mt. The increase of Indonesia white pepper could be contributed to the increase of the price in local currency which averaging at IDR 43,000 per Kg. Malaysian black and white pepper recorded an increase of 1% respectively at an average of USD 1,860 per Mt for black pepper and USD 3,292 per Mt for white pepper. Furthermore, Viet Nam black pepper was reported with a 1% deficit as opposed to the previous week at an average of USD 1,738 per Mt. Whilst, Viet Nam white pepper was reported steady at an average of USD 2,626 per Mt. Sri Lanka black pepper continued to be traded with a deficit and this week by 3% as compared to the previous week at an average of USD 3,607 per Mt. China white pepper was reported stable at an average of USD 4,338 per Mt.

INTERNATIONAL MKT
International market showed a rather stable outlook this week with only Indonesia origin recorded an increase. FOB price of India black pepper was reported with the same 1% deficit as compared to the previous week at an average of USD 4,907 per Mt. Indonesia black pepper was reported steady with an average of USD 2,181 per Mt. Whilst, Indonesia white pepper was reported with an increase of 2% as compared to the previous week with an average of USD 3,680 per Mt. 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 reported stable and unchanged. In international market China was reported steady with an average of USD 4,438 per Mt.

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IPC MARKET REPORT No. 51/19, 16 - 20 December 2019

LOCAL MARKET
Market this week showed mixed responses with India and Viet Nam origins recorded with an increase. In local market, Malabar black pepper was traded with an increase of 1% as compared to the previous week with an average of USD 4,746 per Mt. Indonesia black and white pepper was reported stable at an average of USD 1,750 per Mt for black pepper and USD 3,035 per Mt for white pepper. Malaysian black and white pepper was traded negatively with 1% and 2% decreases respectively as opposed to the previous week at an average of USD 1,840 per Mt for black pepper and USD 3,258 per Mt for white pepper. Furthermore, Viet Nam black pepper was reported with an increase of 1% as opposed to the previous week with an average of USD 1,764 per Mt. Whilst, Viet Nam white pepper was reported steady at an average of USD 2,626 per Mt. After the continuous increasing trend lately, Sri Lanka black pepper was traded with marginal decrease and was reported with 1% deficit as compared to the previous week at an average of USD 3,822 per Mt. In the past four weeks China white pepper was continuously reported with a deficit and this week it was reported with a 1% deficit as compared to the previous week with an average of USD 4,350 per Mt.

INTERNATIONAL MARKET
International market reacted rather stable this week with only India recorded an increase. FOB price of India black pepper was reported with the same increase of 1% as compared to the previous week at an average of USD 5,027 per Mt. Indonesia black and white pepper was reported steady with an average of USD 2,167 per Mt for black pepper and USD 3,616 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 at an average of USD 2,330 per Mt, USD 2,395 per Mt and USD 3,480 per Mt respectively. In international market China was reported with a higher deficit by 3% as opposed to the previous week with an average of USD 4,450 per Mt.

IPC MARKET REVIEW - November 2019

During the course of 11 years, spot price on New York markets fluctuated and was reported to firstly spike up in November 2011 with USD 8,556 per Mt for black pepper and USD 12,922 per Mt for white pepper which then followed with decreasing trend which lasted for 3 year. The spot price on New York market then started to gradually increase in the middle of 2013 until it peaked in July 2015 and recorded the highest price in history of the pepper industry with USD 11,333 per Mt for black pepper and USD 16,496 per Mt for white pepper. Following the peaked in July 2015, the spot prices of black and white pepper gradually decreased and lasted longer, compared with the previous trend, until the present time with USD 2,977 per Mt for black pepper and USD 5,072 per Mt for white pepper recorded in July 2019. Furthermore, in the course of 11 years the lowest spot price was reported in March 2009 with USD 2,568 per Mt for black pepper and USD 4,025 per Mt for white pepper (Chart 10).

The shift in the stretching of the decreasing trend of pepper price in the past few years could be contributed to the significant increase of stock in the global market which imbalance with the demand for pepper. By the end of 2019, the global production of pepper is estimated to be 591,946 Mt.

DOWNLOAD THE FULL REPORT
www.mediafire.com/fi…/ydzut32v004vado/pnmrNov2019A4.pdf/file

TRYING TO UNDERSTAND BLACK PEPPER MARKET

A Client asked me today:

" Why Brazilian Black Pepper has been cheaper then Vietnam for such long time ?
I´ve been in the market for 6 years now and I never seen such situation !"

Well, neither I know.
I´ve been trying to understand the reasons but cannot find a reasonable answers for 2 questions:
Why brazilian pepper had been cheaper for all year long, and
Why Pepper price in general decreased that much in the last seasons ?

Average prices for B1 550g black pepper in 2002 were U$D 1,500/ton
Than in 2006/2007 it started to rise to U$D1,800 /U$R 2,000 / U$D 2,250... ended the 2007 quoted at U$D 3,700
After a relatively smooth 2008 and 2009 it climbed to U$D 4,200 at the end of 2010.
Beginning 2011 it went from U$D4,200 to U$D 7,000 and from then it was always quoted in the range ofU$  7 - 8,000, with a peak of U$D 9,000 in 2015.
In the middle of2017 it started to fall ending the year at U$D 3,600 and now is averaging U$D 2,000 - back to 12 years ago !
If inflation is considered, the present price is even lower that the one of 2002.

WHY ??? What happened to pull the prices to such behaviour ?  And what´s is to come now ???

Therefore I invite you to write a guess about these 2 questions and further try to make a preview for the next year or even more extended. Please write to manager@peppertrade.com.br

The answers for these questions will be published on our blog and FB page, and if you desire we´ll mention your name and mail adress.

Let´s see if we find a consensus

Thank you all
Michail Wagapoff

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