Friday, August 21, 2020

IPC PEPPER REPORT No. 34/20, 17 - 21 August 2020

 

LOCAL MARKET 

Market this week was reported with a positive outlook. In local market, Malabar black pepper was reported with an increase of 1% when compared to previous week at an average of USD 4,245 per Mt. Indonesia black pepper was reported stable with a marginal change at an average of USD 2,021 per Mt whilst Indonesia white pepper was reported with an increase of 3% when compared to the previous week averaging at USD 3,570 per Mt. The increase of Indonesia white pepper continued to be contributed to the lack of supply whilst demand strong. Malaysia black and white peppers in local market were reported stable with a marginal increase to an average of USD 2,395 per Mt for black pepper and USD 3,766 per Mt for white pepper. Furthermore, Viet Nam black pepper was reported with an increase of 1% as opposed to the previous week averaging at USD 2,012 per Mt whilst Viet Nam white pepper was reported stable averaging at USD 2,830 per Mt. Sri Lanka black pepper was reported with an increase of 2% as compared to the previous week and was traded at an average of USD 2,917 per Mt. China white pepper traded at an average of USD 4,085 per Mt locally.

INTERNATIONAL MARKET

 International market also showed a positive outlook as India black pepper was reported with the same increase of 1% when compared to the previous week at an average of USD 4,512 per Mt. Indonesia black pepper was reported stable at an average of USD 2,466 per Mt whilst Indonesia white pepper was reported with an increase of 2% when compared to the previous week averaging at USD 4,200 per Mt. Malaysia black and white pepper were reported 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 when compared to the previous week averaging at USD 2,470 per Mt, USD 2,551 per Mt and USD 3,990 per Mt respectively. China traded its white pepper at an average of USD 4,285 per Mt internationally. 

 

 
 
 

 

 

SEE NEW OFFER FOR MEXICAN ALLSPICE PIMIENTO 2020 CROP

Tuesday, August 18, 2020

MEXICO ALREADY OFFER NEW CROP OF ALLSPICE PIMENTO

 

 

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

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

 

 

 

 

 

 

 

 

 

 

 

#Mexico, #Allspice #Pimiento #2020 crop

 

Monday, August 17, 2020

VIETNAM SPICES MARKET UPDATE 17TH AUGUST 2020 – WEEK 34

 

PEPPER
Last week, the pepper market increased about 2% with demand from China and the Middle East. The USA still shows a relatively small demand and only accepts to buy long time shipment orders while almost Vietnam exporters hesitate or withdraw. The EU is on holiday so demand continues to be quiet. We hope the market will be better next time when some countries reopen again.  In addition, Russian have found vaccines/India and the USA are also testing many vaccines in the final stage. Hope everyone/all of the world will be healthy, starting a new business cycle soon.

Current weather in Vietnam; After fluctuating and flooding, the weather is currently well evaluated in key pepper areas such as Daknong & Daklak. Impacts of the 2021 pepper crop are likely to be low in these two key provinces. We will send more information after the survey next October.

 Indonesia; According to the information received, the heavy rain and flood took place on a large scale, so the crop heavily affected both black and white pepper. Currently Indonesian prices are at a very high level with a reference price of $ 2,550 – 2,650 LASTA and $ 4,150 for FAQ white pepper.

 Brazil; Currently, it still offers competitively, but mainly delivered in quarter 4/2020

 

CASSIA
Heavy rain and flooding happen in the largest cinnamon area in Vietnam. Therefore, the harvest for the 2020 crop is affected and the price of cinnamon is likely to remain stable as demand from EU/USA/India/Bangladesh still supports the market.

 

STAR ANISE
The amount of inventory is still tight. The price is expected to be stable or increase in the coming time.

 

 

 




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VIETNAM PEPPER SITUATION AUGUST 2020

 

17TH AUGUST 2020


In the first 7 months, Vietnam exported 186,160 tons of pepper (166,669 tons of black pepper, 19,491 tons of white pepper).

First half of August, Vietnam exported 7,215 tons of pepper and is forecast to reach at least 15,000 tons in August bringing the total pepper exports to 201,160 tons (180,169 tons of black pepper and 20,991 tons of white pepper).

Thus, we can have a rough look at the export pepper data of 8 months of 2020 as follows;

 

- Exported 180,169 tons of black pepper (1)

- Exported 20,991 tons of white pepper (2)

- Loss weight when processing white pepper 25%; 6,997 tons (3)

- Domestic consumption; 8 - 10,000 tons annually (4)

- Loss weight when processing ground pepper is about 5%; 1,000 tons (5)

 

Total exported and domestic consumption… in the first 8 months 2020 as;

 

(1) + (2) + (3) + (4) + (5) = 219,157 tons (X)

 

As many source and reports from the beginning/middle of this year from Exporter/Processor/IPC/VPA…;

 

- Carry over 2020 is about 20%. Estimated at 80,000 tons (a)

- Crop size 2020; from 230 - 245,000 tons (b)

- Imported from Brazil/Indonesia/Cambodia; 30,000 tons (c)

 

Therefore, the total quantity expected to be used for export 2020 remains;

 

(a) + (b) + (c) = 355,000 tons (Y)

 

So in theory, then;

 

1.      Quantity of pepper used for export for next 4 months from September to December (excluding carry over last year (a) 80,000 tons) as below;

 

(b) + (c) - X = 245,000 + 30,000 - 219,157 = 55,843 tons.

 

This number is easily achieved in the last 4 months of 2020 and certainly the inventories of the previous years will gradually reduce. The total crop size of Vietnam pepper 2020 is not enough for export. It’s quite reflective upon the situation after 5 years back as from 2016.

 

2.      However, if including inventory of 80,000 tons (a), the total quantity will be used for export for next 4 months from September to December as below;

 

(Y) - (X) = 355,000 - 219,157 = 135,843 tons.

 

Thus, the total quantity used for export is plentiful because next 4 months definitely the total quantity to export can not exceed 70.000 tons . However, please note; the inventory for pepper in Vietnam is at 15 - 20% in every year. It is considered to be largely frozen inventory and its concentrate to exporters, middleman and rich farmers stock. These inventories are less pressured to sell if the price is not attractive enough (lower than inventory price – maybe very high).

 

Note; The data above is our research and it’s for reference only because the statistical tool has many shortcomings and limitations.

*This report made and presented by the




 

Friday, August 14, 2020

IPC PEPPER REPORT No. 33/20, 10 - 14 August 2020

 

LOCAL MARKET

Market this week showed a mixed response with only Indonesia black pepper was reported with a decrease. In local market, Malabar black pepper was reported with an increase of 1% when compared to previous week at an average of USD 4,199 per Mt. Indonesia black pepper was reported with 4% deficit as compared to the previous week at an average of USD 2,026 per Mt whilst Indonesia white pepper was reported stable averaging at USD 3,478 per Mt. The decrease of Indonesia black pepper price could be contributed to the harvest season currently ongoing, thus, pushing down the local price. Malaysia black and white peppers in local market were reported stable with a marginal increase at an average of USD 2,387 per Mt for black pepper and USD 3,754 per Mt for white pepper. Furthermore, Viet Nam black and white pepper were reported with an increase of 2% and 5% respectively when compared to the previous week averaging at USD 1,995 per Mt for black pepper and USD 2,829 per Mt for white pepper. Sr i Lanka black pepper was reported with an increase of 1% as compared to the previous week and was traded at an average of USD 2,864 per Mt.

INTERNATIONAL MARKET

International market also showed a mixed response as only India origin was reported with an increase. India black pepper was reported with the same increase of 1% when compared to the previous week at an average of USD 4,466 per Mt. Indonesia black pepper was reported with 4% deficit when compared to the previous week at an average of USD 2,472 per Mt whilst Indonesia white pepper was reported steady averaging at USD 4,098 per Mt. Malaysia black and white pepper were reported stable and unchanged. Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white pepper were reported stable with a marginal increase averaging at USD 2,430 per Mt, USD 2,511 per Mt and USD 3,950 per Mt respectively. 

 



Thursday, August 13, 2020

GLOBAL PEPPER PRICES ON AN UPWARD TREND

 
Kochi  August 12, 2020

Pepper prices have started moving up globally, thanks to increased buying activities in the international markets.

Sri Lankan pepper prices was up by $400 per tonne, touching $3300-3500, while the rates of Vietnam, Indonesia and Brazil are also reporting an increase of $300-400 per tonne. Overall, there is a surge in procurement globally, said Kishore Shamji of Kishor Spices.
The Indian domestic market is also reported to be active in view of the ensuing festival demand. All sections of the trade are in a mood to cover their requirements as they are not expecting any downward price trend in the near future, he said.

The Kochi market was up by ₹1 per kg at Rs315 per kg for ungarbled on Wednesday and the farming community appears to be holding the crop, anticipating a further rise in prices, Shamji said. This is evident from the arrivals in the market, which was only at seven tonnes. The prices of Karnataka pepper are reported to be higher than Kerala due to good demand for bolder berries.

Moreover, heavy rains and landslides in the high ranges has hampered truck movement, bringing pepper to the market. Since the market is witnessing a good demand, he said the prices are expected to go up.

IPSTA Black pepper rates.
MG1 – ₹335 ; UNG-₹315 ; 500 G/L – ₹305 ; Arrival/Off-take – 7 tonnes

* Today:
1 USD = 74.8315 INR


V.Sajeev Kumar  for
Thehindubusinessline.com

 

 




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Monday, August 03, 2020

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.