Vietnam Pepper mkt update 8th May 2023 – Week 18

 

Pepper prices continued to increase strongly last week with an increase of 8%. Thus, within 2 weeks, the price of pepper has increased by 12.5% from 68,500vnd - 77.000vnd.

The main reason is because of the huge demand from the Chinese market, besides the demand from the Middle East after a long time of Ramadan. The Middle East has increased buying volume from Vietnam quite large in the past week with spot orders.
Besides, there are 2 large corporations of Vietnam with abundant financial resources have purchased and hoarded pepper. This has pushed pepper prices to continue to rise.

Vietnam Pepper mkt update 1st May 2023 – Week 17

 

 

Last week, pepper price continued to increase impressively with an increase of 4.5%. Thus, pepper price in the past 2 weeks has increased by 7.5% from 66,500vnd - 71,500vnd.

The main reason is that Vietnam continues to export large quantities in April (forecast 30,000 tons), bringing the total export volume in 4 months to approximately 107,000 tons. Up to 25-30,000 tons over the same period in 2022.

With crop output forecasted at just over 200,000 tons, while exporting up to 107,000 tons within 4 months, We can see selling pressure from farmers, agents will not be much when there are 8-9 months until the new 2024 harvest.
Despite the relatively gloomy demand from different markets such as the US/ EU/ AFRICA/ ASIA, farmers, dealers and many analysts forecast and expect that pepper prices will have impressive growth momentum in the coming years.

Although the price of pepper has increased in recent years, profits are still not really atractive to farmers  when costs have seriously increased during the past time such as fertilizer costs, harvesting workers, etc.

Therefore, the harvested area of pepper has continuously decreased in the past 3 years and is expected to continue  to decrease when farmers rarely replant pepper but actively develop other fruit trees such as durian, avocado, jackfruit... etc.

Wheather
After the harvest, the weather in Vietnam becomes hot, especially in the key pepper regions of the country such as Daklak, Daknong, Dong Nai, Ba Ria Vung Tau... El nino phenomenon is forecasted to make pepper gardens affected.

A brief sight of the alternate market suppliers

INDIA
Pepper prices in India unchanged in the past week.

SRI LANKA
Pepper prices remained stable.

INDONESIA
The price of Lampung black pepper in Indonesia is almost unchanged. New crop starting to harvest.

BRAZIL
Pepper prices last week tended to increase. Very few raw material are offered for sale in the market.

MALAYSIA
Malaysia's Kuching ASTA black pepper price remained stable.

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PINHEAD
PINHEAD< 1MM SUPER CLEANED  $1.003 
PINHEAD 1.5MM • 2MM CLEANED $1. 227 
PINHEAD 2MM - 2.5MM CLEANED $1.446 
PINHEAD SUPERIOR QUALITY $1.666 

WHOLE PEPPER
VBP 500 G/L FAQ $3.236 
VBP 550 G/L FAQ $3.485 
VBP 500 G/L Double Spiral Cleaned $3.532 
VBP 550 Gil Double Spiral Cleaned $3.595 
VBP 570 G/L Double ASTA $3.658 
White PEPPER 630 G/LASTA $5.006 

STEAM STERlllZED PEPPER
PINHEAD
Steam Sterilized Pinhead < 1MM $1.453 
Steam Sterilized Pinhead 1.5MM - 2MM $1.677 
Steam Sterilized Pinhead Super Quality $2.116 

LIGHT BERRIES PEPPER
Steam Sterilized Black Pepper 250 G/L   $3.429 
Steam Sterilized Black Pepper 350 G/L   $3.523 

STEAM STERILIZED PEPPER
Steam Sterilized Pepper S00G/L   $3.753 
Steam Sterilized Pepper 550G/L    $3.881 
Steam Sterilized Pepper 570G/L   $3.945 
Steam Sterilized White Pepper 630G/L  $5.371 

STEAM STERILIZED PEPPER - EU COMPLIANCE
Steam Sterilized Pepper S00G/L   $3.933 
Steam Sterilized Pepper 550G/L   $4.061 
Steam Sterilized Pepper 570G/L   $4.125 
Steam Sterilized White Pepper 630G/L $5.551 

#2023 pepper crop,#black pepper #pepper price,#April pepper price,#vietnam pepper price

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JUST A REMINDER
PINK PEPPER HARVEST START END OF MAY
BEST QUALITY PRODUCT ARE ALWAYS AT THE BEGINNING.
CALL US IN ORDER TO ASSURE YOURS !

Why Kampot Peppercorns Are So Expensive

 

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PINK PEPPER HARVEST START END OF MAY
BEST QUALITY PRODUCT ARE ALWAYS AT THE BEGINNING.
CALL US IN ORDER TO ASSURE YOURS !

Brazil pink pepper 2023

 

30 March 2023

Brazil has had some extreme weather which will effect the 2023 crop for pink pepper. The off-season was marked by exceptional rainfall as never seen before during October-February. This has caused losses of trees.

The plain areas were inundated, causising serious damage. The outlook is that in the coming season not more than 100 mtons of premium and first grade will become available. Blooming season has just started, first shipments are foreseen by the end of June or in July; depending on the weather conditions.

Pink peppercorns are a type of spice that come from the Brazilian pepper tree, which is also known as the Peruvian pepper tree or the rose pepper tree. Despite their name, they are not actually related to true peppercorns, which come from the Piper nigrum plant. Pink peppercorns have a sweet and slightly fruity flavor, with a mild peppery taste that is less pungent than black pepper. They are often used in spice blends and as a garnish for dishes, especially in French and Mediterranean cuisine. They also pair well with poultry, fish, and vegetables.

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Bullish Chinese Garlic

 25 April 2023

In the last two weeks, the market for dehydrated garlic from China has seen a significant increase in demand. This surge in demand is primarily due to a combination of speculation and a new crop outlook, which suggests a 15-20% decrease in yield.

Dehydrated garlic is a popular ingredient in many dishes, including soups, stews, and sauces. It is also a common ingredient in many processed foods, such as snack foods and seasonings. China is the world's largest producer of dehydrated garlic, and as a result, any changes in the country's garlic crop can have a significant impact on the global market.

 

The recent increase in demand for dehydrated garlic from China can be attributed to speculation. Traders and buyers are anticipating that the decrease in yield will lead to a shortage of garlic, which will drive up prices. As a result, many are rushing to purchase dehydrated garlic from China in order to secure their supply and avoid potential price increases.

 

In conclusion, the recent increase in demand for dehydrated garlic from China can be attributed to a combination of speculation and a new crop outlook. While the decrease in yield is concerning, it is important to remember that the market is constantly evolving, and new factors can come into play at any time. Therefore, it is crucial for industry participants to remain vigilant and flexible in order to navigate these changes successfully.

 

Contact us for offers for prompt shipments as well as new crop 2023/2024.

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PINK PEPPER HARVEST START END OF MAY
BEST QUALITY PRODUCT ARE ALWAYS AT THE BEGINNING.
CALL US IN ORDER TO ASSURE YOURS !

Vietnam Pepper market update 24th April 2023 – Week 16.

April 24, 2023

- Last week, pepper price increased from 66,500 - 68,500 VND, equivalent to an increase of 3%.

- Demand has returned from the main market, China, besides the US and Europe.

Pepper prices lost week had an impressive increase when China continued to increase purchases  , in addition  to demand  from the US and EU markets.
Besides, exporters also actively buy   raw   materials  to  replenish inventories . Therefore, last week, the amount of raw materials offered on the market was quite small as farmers and agents expect pepper prices to increase in the near future.

According to the preliminary data report  of  the Customs, exports in the  first  17  days  of  April  2023 reached 14,464 tons of pepper, with a turnover of 43.91 million  USD,  bringing  the  export  of  the  first  3.5  months of the year to reached 89,795 tons, up 39.27% in volume and 8.59% in value over the same period last year. The average export price of pepper in the period reached  3,048 USD/ton,  up  2.35%  compared  to  the  average export price of Ma rch  2023.  Thus,  it  is  likeIy  that  April will export 25-30,000 tons, bringing the  total  export volume in 4 months to 102-107,000 tons. (In the first 4 months of 2022, only 79,410 tons were exported).

According to the update from the International Pepper Association (IPC), world pepper prices are as follows:

INDIA
Pepper prices in India have fallen slightly in the past week.

SRI LANKA
Pepper prices remained stable.

INDONESIA
• The price of Lampung black pepper in Indonesia is almost unchanged.
• Price of Muntok white pepper at 6,002 USD/ton.

BRAZIL
Pepper prices last week tended to increase. Very few raw material ore offered for sale in the market as farmers and dealers focus their resources on the coffee crop.

MALAYSIA
Malaysia's Kuching ASTA black pepper price remained stable at $4,900/ton; while white pepper is still at $7,300/ton.

#2023 pepper crop,#black pepper #pepper price,#April pepper price,#vietnam pepper price

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INDICATIVE FOB PRICES FOR THE WEEK APRIL 24,  2023

PINHEAD

PINHEAD 1MM  SUPERCLEANED $1.003

PINHEAD1.5MM -2MM  CLEANED $1.227

PINHEAD 2MM -2.5MM CLEANED $1.446

PINHEAD  SUPERIOR   QUALITY $1.666

WHOLE

VBP 500 G/L FAQ $3.083

VBP 550 G/L FAQ $3.322

VBP 500 G/L Double Spiral Cleaned $3.367

VBP 550 G/L Double Spiral Cleaned $3.427

VBP 570 G/L Double ASTA $3.487

STEAM STERILIZED PEPPER

Steam Sterilized Pepper 500G/L $3.583

Steam Sterilized Pepper 550G/L $3.705

Steam Sterilized Pepper 570G/L $3.766

STEAM STERILIZED PEPPER - EU COMPLIANCE

Steam Sterilized Pepper 500G/L $ 3.763 

Steam Sterilized Pepper 550G/L $ 3. 885

Steam Sterilized Pepper 570G/L $ 3,946

Steam Sterilized Pepper SMM $ 4. 024

Steam Sterilized White Pepper 630G/L $5.505

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JUST A REMINDER
PINK PEPPER HARVEST START END OF MAY
BEST QUALITY PRODUCT ARE ALWAYS AT THE BEGINNING.
CALL US IN ORDER TO ASSURE YOURS !

Vietnam Pepper market Monthly Report March 2023

APRIL 17 2023

MARCH 2023 PEPPER EXPORTS

According to preliminary statistics of VPA, in March 2023, Vietnam exported 35,913 tons of pepper, 32,912 tons of black pepper, 3,001 tons of white pepper. Total export turnover reached 107.2 million USD, black pepper reached 93.6 million USD, white pepper reached 13.6 million USD, compared to the previous month, the export volume increased by 27.5%. The average export price of black pepper in March was U$ 3,454;Ton white pepper was U$ 4,841/ton, compared to previous month the price of black pepper increasedby 5,5% and the white pepper decrease by 15,9&

Exports to China in March reached 15,710 tons, this is the highest export volume ever in a month, breaking the highest export record of April 2020 at 11,953 tons, compared to February export volume to China increased by 85.2%. March also recorded an increase in exports to traditional markets such as the United States, Germany, the Netherlands, India, Egypt, France, Russia, Canada, and Spain,  Saudi Arabia and Turkey increased. The United Kingdom decreased compared to February 2023.

EXPORTING PEPPER FROM JAN TO MAR 2023

Progressively from January 1 to the end of March 2023, Vietnam exported 76,727 tons, of which black pepper reached 70,222 tons, white pepper reached 6,505 tons. 

Total export turnover reached 235.9 million USO, black pepper reached 205.4 million USO, white pepper reached 30.5 million USO. 

Compared to the same period last year, the export volume increased by 40.5% or 22,112 tons, however, the export turnover decreased by 7.3% or 18.5 million USO.

Exports in the first 3 months to China reached 25,919 tons compared to 2,138 tons in the same period, a sudden increase in exports can be understood as China buying to make up for the shortage of goods after 3 years of closure because of Covid-19. In contrast to the Chinese market, exports to the United States, Germany, the Netherlands, the United Kingdom, and India decreased. 

The reason may be due to the economic crisis, so the markets limit purchases. Some other markets recorded an increase in exports such as Iran up 461%; Turkey increased by 331.3%; Egypt by 218.4%; Senegal increased by 148.8%... 

The leading import markets of white pepper: Germany, the United States, China, the Netherlands

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#2023 pepper crop,#black pepper #pepper price,#April pepper price,#vietnam pepper price

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JUST A REMINDER
PINK PEPPER HARVEST START END OF MAY
BEST QUALITY PRODUCT ARE ALWAYS AT THE BEGINNING.
CALL US IN ORDER TO ASSURE YOURS !