CARDAMOM

 

May is the last production month of the 22-23 season. New crop will begin until October 2023. 

The season has been a large one for Guatemala and India. Guatemala is still expecting to reach above 55k tonnes of production. A lot of the cargo is still on the way to destinations, and this is limiting upside as importers take profits. India is also a bit pressured lately with rumors of large carry over stocks and a good upcoming production. 

On the other hand, prices this season have reached low levels where additional consumption and demand has been triggered. Added to this is the possible impact of expectations on dryer weather (not yet there). Both of these factors are generating continued interest in the product and are therefore supporting prices.

IPC pepper MKT report - key highlights - NY Prices

Key Highlights

1 - The pepper market this week showed a rather positive outlook with no origin reported a decrease

2-  The Indian pepper price reported stable this week

3-  Indonesian black pepper price reported with an increasing trend this week. White pepper reported stable

4 - Both local and international prices for Malaysian pepper reported stable

5 - Sri Lankan local price for pepper reported with an increasing trend this week

6 -Both local and International prices for \vietnam continued to be reported wuth an increasing since the end of April

7 - In NY pepper prices continued to be reported with an increasing trend for the last 2 weeks which could be contributed to the increse of demand from China, Middle East countries and the US market. Furthermore, Muntok white pepper was reported at U$ 6,100 CF for May/June.


Prices in NY MAY 12

Vietnam Pepper Exports 2023 - Price trends

Vietnam Pepper Exports

According preliminary statistics of VPA,in April 2023, Vietnam exported 26,291 tons of pepper, 23,760 tons of black pepper and 2,531 tons of white pepper.
The average export price of black pepper in April was U$ 3,455/ton, white pepper was U$ 4,869/ton.

China continues to be the main export market for Vietnam pepper in April with 9,995 ton.

From January to the end of April 2023, Vietnam exported 103,018 tons.
Compared to the same period of the last year the  export volume increased by 29,7% equivalent tp 23,608 ton.
Exports to Asia increased by 77% accountinh for 60,2% of the market share, of which China continues to be the main market for Vietnam´s pepper.
In the first 4 month of 2023 , exports to China reached 35,914 ton.

Vietnam Pepper imports
From January 1 to April 30, 2023 Vietnam imported 10,184 ton of Pepper which main origins were:

Brazil 6,417 ton
Cambodja 1,715 ton
Indonesia 1,222 ton
Malaysia 194 ton

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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 

RGT Pepper mkt monthly update week 19

Vietnam Pepper spike in price occurred over  week 18 from initial 60s pricing ranged crossing into the highs of 70s; it went even firmer opening week 19 at 76,000 VND/kg levelling up to 77,500 VND/kg same day itself.

Thus, the current upward movement caused  an awakening of buying pressure.
Today, market reporting raw at 78-78,500 with less raw materials available.
This is a three-week straight high with 9% jump in price in just a span of one (1) week influenced by reported strong buying demand from China and Middle East alongside continued support coverage from large exporters.

Pepper price trend
Beginning of year, raw materials were being traded at lows of 59,500 VND/kg, following months, pricing was seen moving sideways with noticeable reservation on side of farmers who were consistently seen holding their positions.
Slowly, market gained its momentum during mid-April then unexpectedly hitting record highs this May month nearing to reach 80’s range–a 24% uptrend in price from beginning month to  today. 

Vietnam Pepper April Export
According to custom export data, Vietnam exported about 27.8K tons for the month of April 2023. This would mean about 107K tons of Pepper were  out already from Vietnam, the said number is higher of about 23% export volume achieved from last year same period recorded.

Indonesia
Indonesia pepper price also firm due to the influence of Vietnam and Brazil, expected decline in crop, alongside continuous appreciation of Indonesian Rupiah against the US Dollars, they have now reportedly implemented a more concrete currency trade system to shift away from USD.

Brazil Pricing Overview
The price of raw materials were up by 19% compared to beginning of this year but down by about 10%  in pricing average compared to last year same month period.

FOB price jumped by $400-500 pmt in span of 1 week with offers that remains very limited despite huge demand overseas. Farmers reportedly are seen prioritizing coffee harvest and would rather wait by July month before focusing on Pepper.

The Brazilian Real traded at 4.9 against US Dollars, a 9% local jumped from its lowest this year, influencing the raw material initial 13 BRL/kg pricing reaching the highs of 14,50-16 BRL/kg this week.

Brazil Pepper April Export Brazil was able to export about 8,563 tons of pepper this April, generating about 28,820 tons for the first 4 months of the year, 4% higher from last year period recorded.
The highest importer of Brazil Pepper is Vietnam, imported about 5,378 tons for the first four months of the year. Followed by Senegal at about 3,685 tons for the same period.

This report published by

 

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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 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

====================================

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 !