RAMADAN MUBRAK

Corona takes the sheen out of cardamom growers

Thiruvananthapuram, April 22 (IANS)

Kerala which leads the country with a giant share of 89 per cent of the total production of cardamom, is finding its growers in a difficult situation. The cardamom growers are reeling as COVID-19 has hit them very hard.
The growers sell their produce by participating in the auction, held at Bodinayakkanur in the Theni district of Tamil Nadu, which lies close to the Thekkady tourist location in the Idukki district in Kerala.
In Kerala, Idukki is the home of cardamom growers who own large and small holdings and the total area under cardamom cultivation is around 38,000 hectares.
Though there is an auction centre at Vandanmeddu in Idukki district, the auction centre in Bodinayakkanur is the single most popular centre, as far as the cardamom auction is concerned.
Speaking to IANS, Sunny Mathew, executive member of the Cardamom Growers Association said things are bleak and getting bad.
"Ours is a product which fetches the highest price when the colour of the cardamom is best and fresh. Any delay in getting the product out of our farms spells danger. Sadly it''s been a month now as the premier auction centre is closed. We have never ever had such a long delay and it comes at a time when the prices were looking bright," said Mathew, a grower and also an exporter.
Cardamom from Kerala farms is auctioned and it goes to north India and for exports.
The peak market for this high quality and popular spice, used for baking and cooking purpose across the globe, begins when the yield is taken from September and tapers in January.
"This time the production has come down from 28,000 tones, last year to around 18,000 tones. When production comes down, the price rises and in January this year a kilogram of cardamom touched Rs 3,000 and when the lockdown began it was around Rs 2,300," said Mathew.
With Bodinayakkanur now declared as a hotspot for Covid-19, things are going to be bad and it would prevent auctioneers and their agents to arrive there.
"We want the government to come to our support. The Spices Board should take our products and based on our cost of production, they should lift our stock. If it does not happen, then the production would be seriously affected this year, as we do not have funds to invest. Also liberal moratoriums with regards to interest waiver and repayment also should be there," said Mathew.
--IANS
sg/dpb

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VIETNAM - PEPPER MARKET UPDATE 20TH APRIL 2020 – WEEK 17

Pepper opening new week with uptrend and less raw material offer.
Huge demand from Chinese for prompt shipment especically white pepper. 
Price is under farmer cost with crop less than 2019 that encourage many domestic speculators/collectors buying and stockpile.
Exporters also covering short position for all commitment full year shipment 2020.

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IPC REPORTS - EXPORT OF PEPPER BY SPAIN

Spain, officially the Kingdom of Spain, is located in Europe with its continental European territory is situated on the Iberian Peninsula. Its territory also includes two archipelagoes: the Canary Islands off the coast of Africa, and the Balearic Islands in the Mediterranean Sea make Spain the only European country to have a physical border with an African country (Morocco). Furthermore, Spain actively imports pepper from various pepper producing countries for domestic consumption or for re-export.
In 2018, Spain was reported to have imported a total of 5,280 Mt which 90% of it comprised of whole pepper. In the following year, Spain import of pepper increased by 10%, totaling at 5,789 Mt. The ratio of Spain's import and export during 2018-January 2019 are 2:1 respectively. As of January 2020, Spain was reported to have imported a total of 553 Mt of which 226 Mt went for re-export purposes. The top five countries of origins of Spain pepper both for whole and ground for January 2020 were reported to be Viet Nam with 220 Mt, Brazil with 149 Mt, Ecuador with 49 Mt, Belgium with 31 Mt and India with 29 Mt.
In 2018, Spain was reported to have exported a total of 3,267 Mt of pepper from which 34% or 1,112 Mt of it comprised of whole pepper and 66% or 2,155 Mt of it ground pepper. Spain on average exported a total of 272 Mt per month in 2018 which peaked in May with 432 Mt. The total revenue of Spain's export of pepper in 2018 was reported to be as high as USD 14.6 Million. Thus, recording an average price of the total pepper exported by Spain at USD 4,419 per Mt for whole pepper and USD 4,516 per Mt for ground pepper.
Year 2019 saw a decrease in term of quantity of pepper exported by Spain. Spain was reported to have exported a total of 2,991 Mt of which 29% or 877 Mt of it comprised of whole pepper and 71% or 2,115 Mt of it ground pepper, recording a decrease of 8% when compared with 2018. The average export of pepper by Spain in 2019 was reported to be at 249 Mt per month which peaked in March with 379 Mt. In accordance with decreasing in terms of quantity, Spain's revenue from pepper export was also reported with a decreased by 23% as compared to the previous year to a total of USD 11.2 Million. Thus, recording an average price of the total pepper exported by Spain at USD 4,095 per Mt for whole pepper and USD 3,637 per Mt for ground pepper or a decrease by 7% and 19% respectively as compared to 2018.
As of January 2020, Spain was reported to have exported a total of 226 Mt which 24% or 55 Mt of it comprised of whole pepper and 76% or 171 Mt of it ground pepper. Thus, recording a decrease of 13% when compared to the same period in 2019. As of January 2020, the total revenue of pepper export by Spain was reported to have reached USD 764,000, recording a decrease by 20% as compared to the same period in 2019. The average price of the total pepper exported by Spain as of January 2020 was reported at USD 4,690 per Mt for whole pepper and USD 2,959 per Mt for ground pepper.
Pepper from Spain is widely traded in Europe, Africa and America. As of January 2020, Spain's top 5 Country of destinations for its pepper were reported to be Italy with 54 Mt (an increase of 122% as compared to the same period in 2019), France with 43 Mt (an increase of 71%), Portugal with 38 Mt (an increase of 259%), Egypt with 25 Mt (2019 N.A.) and United Kingdom with 10 Mt (an increase of 283%). 

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IPC - #PEPPER MARKET REPORT No. 16/20, 13 - 17 April 2020

LOCAL MARKET
Market this week showed a positive response with Indonesia origin reported with the highest increase. In local market, Malabar black pepper was reported stable averaging at USD 4,159 per Mt. Following the strengthening of the Indonesian rupiah against US Dollar by 4% as compared to last week's average, Indonesia black and white pepper were reported with an increase of 8% and 4% respectively as opposed to the previous week averaging at USD 1,591 per Mt for black pepper and USD 2,737 per Mt for white pepper. Malaysia's black and white pepper were reported stable and unchanged. Furthermore, Viet Nam black and white pepper were reported with an increase of 1% respectively when compared to the previous week and was traded at an average of USD 1,594 per Mt for black pepper and USD 2,381 per Mt for white pepper. As a result of the strengthening of Sri Lankan Rupee against US Dollar, 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 2,732 per Mt. China white pepper was reported with a slight increase of 1% and was traded at an average of USD 4,263 per Mt locally.

INTERNATIONAL MARKET

International market also showed a positive outlook as only India and Malaysia origin were reported stable. India black pepper was reported stable at an average of USD 4,421 per Mt. Indonesia black and white pepper were reported with an increase of 8% and 4% respectively as compared to the previous week averaging at USD 1,967 per Mt for black pepper and USD 3,258 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 reported with an increase of 2%, 2% and 1% respectively as compared to the previous week averaging at USD 2,090 per Mt, USD 2,120 per Mt and USD 3,020 per Mt respectively. China white pepper was reported with an increase of 1% as opposed to the previous week and was traded at an average of USD 4,463 per Mt internationally.

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#CARDAMOM - Lockdown takes a toll on cardamom

Shipments to Gulf countries in limbo

V Sajeev Kumar  - Kochi April 16, 2020

 Growers saddled with unsold stocks as Ramadan export potential goes awry

The Covid-19 pandemic has cast a shadow over India’s cardamom export prospects, particularly to Gulf countries during the holy Ramadan month, which begins on April 21 and runs up to May 20.

Exporters say Indian cardamom -- especially the 7 to 8 mm capsules -- was dominating in the Gulf markets because of its quality and price competitiveness vis-a-vis the Guatemalan variety. With the Gulf markets in the grip of the pandemic, cardamom exports from India have come to a standstill.
However, a Kochi-based exporter said his company is pinning hopes on the revival of exports to Saudi Arabia, which was suspended following issues connected with pesticide residue levels. The kingdom is reported to have taken positive steps in modifying the MRL levels, as Indian cardamom is a major ingredient in qahwa, a traditional coffee drink of the region.
Missed chance

It may be recalled that the issues connected with pesticide residue limits imposed by Saudi had impacted the prospects of Indian cardamom. Exports of the spice in 2019-20 was around 500 tonnes valued at ?150 crore compared to 2,000 tonnes in the previous year.

M Dhanavanthan, an exporter based in Bodinayakanur in Tamil Nadu, told BusinessLine that exporters have missed a business opportunity in the Ramadan period and the situation has made it even more difficult to clear the stocks. Most of the stocks are lying with farmers and traders. Only if the stocks are cleared, planters can invest in new crop, for which the first picking season begins by the end of May or early June.

Though the export market is likely to open up by August-September, there could be more stringent measures in the post-Covid days, he added.

The auctioneers in Vandanmedu said the stoppage of auctions since mid-March has caused accumulation of stock, leading to cash crunch to growers. It is estimated that around 800 tonnes of cardamom valued at ?200 crore could not be disposed of due to the suspension of auctions.

Bodinayakanur in Theni district, which is the primary trade centre for cardamom, is also a hotspot for the coronavirus. This has hindered the movement of cargo and traders. With the auctions suspended, there is confusion over pricing among farmers.

https://www.thehindubusinessline.com/markets/commodities/

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IPC REPORT - EXPORT OF PEPPER BY MALAYSIA

Malaysia, divided by the South China Sea into two regions; the Peninsular Malaysia and Malaysian Borneo, shared land borders with Thailand, Indonesia and Brunei Darussalam. Malaysia, known to be one of the major pepper producing countries in the world with pepper production estimated at 24,000 Mt in 2019, produces more than 98% of its pepper in the State of Sarawak. Producing both black and white pepper, Malaysia is reported to actively export pepper to various countries.
In 2017, Malaysia was reported to have exported a total of 20,969 Mt of pepper from which 50% or 10,484 Mt of it comprised of whole pepper and 50% or 10,484 Mt of it ground pepper. Malaysia on average exported a total of 1,747 Mt per month in 2017 which peaked in August with 2,575 Mt. The total revenue of Malaysia's export of pepper in 2017 was reported to be as high as USD 72.6 Million. Thus, recording an average price of the total pepper exported by Malaysia at USD 5,543 per Mt for whole pepper and USD 1,386 per Mt for ground pepper.
Year 2018 saw a decrease in term of quantity of pepper exported by Malaysia. Malaysia was reported to have exported a total of 13,882 Mt of which 73% or 10,119 Mt of it comprised of whole pepper and 27% or 3,763Mt of it ground pepper, recording a decrease of 34% when compared with 2017. The average export of pepper by Malaysia in 2018 was reported to be at 1,157 Mt per month which peaked in March with 1,954 Mt. In accordance with decreasing in terms of quantity, Malaysia's revenue from pepper export was also reported to have decreased by 31% as compared to the previous year to a total of USD 50.1 Million. Thus, recording an average price of the total pepper exported by Malaysia at USD 3,762 per Mt for whole pepper and USD 3,205 per Mt for ground pepper or a decrease by 32% for whole pepper and an increase of 131% for ground pepper as compared with 2017.
At the end of 2019, Malaysia was reported to have exported a total of 9,860 Mt which 87% or 8,537 Mt of it comprised of whole pepper and 13% or 1,322 Mt of it ground pepper. Thus, recording a decrease of 29% when compared to 2018. The average export of pepper by Malaysia in 2019 was reported to be at 822 Mt per month which peaked in August with 1,131 Mt. By the end of 2019, the total revenue of pepper export by Malaysia was reported to have reached USD 35.2 Million, recording a decrease by 30% as compared to 2018. The average price of the total pepper exported by Malaysia in 2019 was reported at USD 3,086 per Mt for whole pepper and USD 6,743 per Mt for ground pepper or a decrease by 18% for whole pepper and an increase of 110% for ground pepper as compared with 2018.
Pepper from Malaysia is widely traded in Asia, Europe, America, Australia and Africa. In 2019, Malaysia's top 5 Country of destinations for its pepper were reported to be Japan with 3,599 Mt (a decrease of 6% as compared to 2018), China with 1,991 Mt (a decrease of 48%), Taiwan with 1,172 Mt (a decrease of 25%), Viet Nam with 820 Mt (a decrease of 41%) and South Korea with 635 Mt (a decrease of 16%). The significant decrease of export to China was the result of China starting to shift importing pepper from other origins such as Indonesia and Viet Nam instead of Malaysia (an increase of 4,534 Mt and 2,617 Mt respectively as compared to the same period in 2019).