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.


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BRIEF PICTURE OF THE SITUATION OF BLACK PEPPER IN BRAZIL

MAY 15, 2020

Pepper in Brazil is scarce now as the harvest in Espirito Santo finished and the new crop in Belem will start in July/August.
Some stock is been kept by the growers but due to scarcity asked prices are hight.

In the last weeks the CORONA issue impacted heavily on pepper trade in Brazil causing delays in processing, transportation and port operations such as inspections and loading/unloading due to strong reduction of the workforce.

These are problems common to the whole world now but, in Brazil has particular issues of the political strugle against the President Bolsonaro which cause a big indefinition about the economy,
As a result of this political unrest, Dollar rates are absolutelly volatile with daily changes of upt to 2% - 3%.
Growers and stock holders try to get maximum price following and oftenly even surpassing de Dollar appreciation.
Therefore business is very difficult to settle.

Some esxporters that sold future shipments are short and struggling to honour their commitments.
In the words of one exporter "he offers price within 10 minutes validity" because growers change prices by hour.
If not confirmed at once the price is not valid anymore. Earlier this week business was done at U$D 1,900 FOB but today it would be impossible to make it at U$D 2,000.

Pepper at farmgate rose 28% from last week to yesterday and more 10% today.

Bottom line is: If you get a suitable offer book it immediatelly ! or consider wait for some weeks to see if market stabilize.
General trend is upwards, and we might see prices way over U$D 2,000 in the next months.

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VIETNAM - PEPPER MARKET UPDATE 11TH MAY 2020 – WEEK 20

Within 1 week, pepper raw material increased rapidly by 11% at VND 39,000 on 4/5/2020 jumped to VND 43,500 at the end of last week.
On the Saturday, the price increased by 4% due to huge demand from Chinese trader as well as many exporters cover short position for orders delivered in May. However, on Sunday market sudden correction with softened around 2%.

Market opened today stable, farmers and domestic agents to offer small quantity cautiously and prefer to keep watching. On the contrary to many other pepper exporting countries, Vietnam currency was stronger than USD dollar in the past week when VND index up by 1%.

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CHECK TODAY OFFER FROM VIETNAM - 
https://offers-peppertrade.blogspot.com/2020/05/blog-post_11.html
https://offers-peppertrade.blogspot.com/2020/05/blog-post_11.html
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BRAZILIAN PINK PEPPERCORNS SEASON - HARVEST STARTED

Brazilian Pink Pepper harvest started alreay.

Shipments will be available from June on.
Packing in 10 or 5 Kg net cartons with plastic inner bag .
20ft container load - 7 MT

See below some pics of this season
 

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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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VIETNAM - PEPPER MARKET UPDATE 27TH APRIL 2020

APRIL 27 2020
In the first half of April, Vietnam has exported 18,067 tons so maybe quantity export in April will reach 37-38,000 tons, bringing the total export volume in the first 4 months around 119,094 tons, an increase of over 10% compared with the same period in 2019.

Pepper market opened today with a 1% price increase compared to the end of last week due to strong demand from the Chinese. Many domestic speculators increased stockpiling that make marker very steady. Farmer/middleman offering raw material slowly and keep watching continue.

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IPC Pepper Market Report No. 17/20, 20 - 24 April 2020

LOCAL MARKETS
Market this week showed a mixed response with Sri Lanka origin was reported with the highest decrease. In local market, Malabar black pepper was reported stable averaging at USD 4,155 per Mt. Indonesia black and white pepper were reported with an increase of 1% and 2% respectively as opposed to the previous week, averaging at USD 1,604 per Mt for black pepper and USD 2,791 per Mt for white pepper. Malaysia's black and white peppers were reported with 1% deficit respectively when compared to the previous week with an average of USD 1,690 per Mt for black pepper and USD 3,032 per Mt for white pepper. Furthermore, Viet Nam black and white pepper were reported with an increase of 2% respectively when compared to the previous week and was traded at an average of USD 1,628 per Mt for black pepper and USD 2,431 per Mt for white pepper. Sri Lanka black pepper was reported with 5% deficit as compared to the previous week and was traded at an average of USD 2,592 per Mt. China white pepper was reported stable and was traded at an average of USD 4,275 per Mt locally.

INTERNATIONAL MARKET
International market showed a rather positive outlook as Indonesia and Viet Nam origin were reported with an increase. India black pepper was reported stable at an average of USD 4,416 per Mt. Indonesia black and white pepper were reported with an increase of 1% and 2% respectively as compared to the previous week averaging at USD 1,983 per Mt for black pepper and USD 3,320per 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 2,130 per Mt, USD 2,160 per Mt and USD 3,060 per Mt respectively. China white pepper was reported steady and was traded at an average of USD 4,475 per Mt internationally.

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