IMPORT OF PEPPER BY SPAIN

 

IMPORT OF PEPPER BY SPAIN

Spain, officially the Kingdom of Spain, is located in Europe with its continental European territory 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. Thus, making 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 5,275 Mt of pepper which 90% or 4,753 Mt of it comprised of whole pepper while 10% or 523 Mt of it was ground pepper. The average import of pepper by Spain in 2018 was reported to be 440 Mt per month with the highest quantity recorded in April with 580 Mt. The total expenditure of pepper import by Spain was reported to be as high as USD 21.3 Million, recording an average price of the total pepper imported by Spain at USD 3,865 per Mt for whole pepper and USD 5,654 Per Mt for ground pepper.

Year 2019 saw an increasing trend in term of quantity of pepper imported by Spain. Spain was reported to have imported a total of 5,789 Mt which 80% or 4,628 Mt of it comprised of whole pepper and 20% or 1,161 Mt of it was ground pepper. Thus, recording an increase of 10% when compared to the same period in 2018. The average pepper imported by Spain was reported at 482 Mt per month which peaked in January with 566 Mt. Although increasing in terms of quantity, Spain's expenditure of pepper import was reported with a decrease of 15% to a total of USD 18.1 Million. Thus, recording an average price of the total pepper imported by Spain at USD 3,276 per Mt for whole pepper and USD 2,587 per Mt for ground pepper or a decrease by 15% and 54% respectively as compared to 2018.

As of May 2020, Pepper import by Spain was reported with an increase of 7% as compared to the same period in 2019, totaling at 2,708 Mt which comprised of 82% or 2,233 Mt of whole pepper and 18% or 474 Mt of ground pepper. The total expenditure of pepper import by Spain as of May 2020 was reported with a decrease of 7% when compared to the same period in the previous year, totaling at USD 7.5 Million. Thus, recording an average price of the total pepper imported by Spain at USD 2,694 per Mt for whole pepper and USD 3,169 per Mt for ground pepper.

The top five countries of origins of Spain's pepper as of May 2020 were reported to be Viet Nam with 1,085 Mt (an increase of 33% as compared to the same period in 2019), Brazil with 656 Mt (an increase of 56%), Indonesia with 207 Mt (an increase of 31%), Netherlands with 140 Mt (a decrease of 35%) and Belgium with 136 Mt (a decrease of 23%). The decreased of Spain import from Netherlands and Belgium could be contributed to Spain preference of importing from origins countries which offered more competitive price such as Viet Nam (an increase by 266 Mt as compared to the same period in 2019), Brazil (236 Mt) and Indonesia (49 Mt).

IPC MKT REPORT No. 38/20, 14 - 18 September 2020

 

 

MARKET REPORT

Market this week was reported positively. In local market, Malabar black pepper was reported with an increase of 2% as compared to the previous week to an average of USD 4,428 per Mt. Indonesia black and white peppers were reported with an increase of 3% and 2% respectively when compared to the previous week at an average of USD 1,951 per Mt for black pepper and USD 3,800 per Mt for white pepper. The increase of Indonesia pepper could be contributed to the increase of demand while the stock was limited despite new product coming to the market. Malaysia black and white pepper were reported with an increase of 1% respectively as opposed to the previous week averaging at USD 2,420 per Mt for black pepper and USD 3,807 per Mt for white pepper. Furthermore, Viet Nam black and white peppers in local market were reported stable with a marginal increase, averaging at USD 2,013 per Mt for black pepper and USD 2,831 per Mt for white pepper. 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 3,123 per Mt while China white pepper was reported stable and unchanged.

International market showed with a similar positive outlook. India black pepper was reported with the same 2% increase as compared to the previous week at an average of USD 4,700 per Mt. Indonesia black and white pepper were reported with an increase of 2% respectively as opposed to the previous week at an average of USD 2,386 per Mt for black pepper and USD 4,457 per Mt for white pepper. Malaysia black and white pepper continued to be reported stable and unchanged. Furthermore, Viet Nam black pepper 500 g/l, 550 g/l and Viet Nam white peppers were reported with an increase of 1% respectively when compared to the previous week averaging at USD 2,500 Per Mt, USD 2,581 per Mt, and USD 4,020 per Mt respectively. China white pepper was reported stable and unchanged.

 

 

CIGARETTE CSSIA MKT IN VIETNAM SEPT 10

Price of cigarette cassia is continuously rising because the recovery rate of cigarette cassia from tree is lower than the main season and price of cigarette cassia will take on other types of cassia.

This August season is short while exporters have received many orders for cigarette cassia. Quantity of goods in the future will be scarce, the price will continue to rise, so if you have demand, you should buy at this time for the best price. Next crop is in March, 2021.

Today most of factories are offering Cigarette Cassia cut at 5350 – 5560 Usd/Mt FOB Haiphong.

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. 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

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

 

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.

 

 

 

CHECK OUR OFFERS AT https://offers-peppertrade.blogspot.com/