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.
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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 !