 |
THE DATE IS APPROACHING, ONLY 15 DAYS LEFT TO SAVE USD150!!!
The 51st Annual Sessions and Meeting of the International Pepper
Community and
This year, the grand 51st IPC ASM ISE will gather the important
stakeholders The following are the country-wise delegation shares:
#TOGETHERWEARESTRONGER 
|
Brazil still seen stable over the past few weeks with local currency that is under depreciation pressure over US dollars Brazil's real BRL, fell between 0.3% and 0.7%. Though in a good note, exporters’ woes with the rising production and shipping cost for Pepper could balance out the market pricing.
Brazil Pepper Plant Production
Espírito Santo as the epicenter of pepper production
reportedly seen with plants dying due to weather
condition with the degree of the damage that is still
unknown.
On the other hand, Pará harvest reportedly plummeted
by about 20%, due to high temperatures and lack of rain.
Brazil Pepper September Export
Brazil exported about 7,244 tons of pepper for the month
of September, with about 57,652 tons export volume for
the first nine (9) months of the year which is 4% lower as
compared to last year’s same period covered.
Brazil Pepper Export Destinations
Vietnam still a top importer of Brazil Pepper, managing to
import about 11,867 tons from Q1-Q3, down by about 9%
compared to last year same period. UAE, top two
importer at 5,464 tons, down by about 19% from last year
as well.
From
January 1 to September 30, 2023, Vietnam exported 204,385 tons of
pepper, of which black pepper reached 183,475 tons, white pepper reached
20,910 tons.
Total export turnover reached 678.1 million USD, black
pepper reached 578.2 million USD, white pepper reached 99.9 million USD.
Compared to the same period in 2022, export volume increased by 15.3%,
equivalent to 27,164 tons, however export turnover decreased by 13.4%,
equivalent to a decrease of 104.5 million USD.
The average export price
of black pepper in the first 9 months of 2023 reached 3,539 USD/ton,
white pepper reached 5,068 USD/ton, down 15.3% for black pepper and
14.2% for white pepper respectively over the same period 2022.
Amid gloomy demand overseas, market remained relatively stable for Vietnam. Reported small volume of buying activities for prompt needs from Asian buyers occurred over the week.
While other major importing countries who still are seen indecisive to take positions are reportedly on a sideline waiting for selling pressure to take place.
Muntok with a slight decline last week, it is seen stable today with its very limited supply owing to crop failure that export volumes are also hugely suffering.
Brazil stable to firm with active demand from Asian buyers. Q4 at its peak season, this origin is experiencing shortage for empty containers with some carriers rolling cargo due to high volume of shipments. Reported vessel utilization at a very healthy level (90-95%) prompting freight rates to be seen moving at an upward direction.
Pepper imports in August were unusually high at 3,800 tonnes
Rising imports have kept black pepper prices steady in the domestic market over the past few days, affecting demand.
Against the domestic price of ₹631 per kg for ungarbled. pepper, the consuming markets in North India are reported to have received imported commodities at their doorstep at ₹600-625. This, according to traders, has drastically reduced the demand for domestically produced pepper from Kerala, Karnataka and Tamil Nadu.
Kishore Shamji, president of Indian Pepper and Spices Traders Association (IPSTA), said pepper imports are on the higher side and stood at around 3,800 tonnes in August alone. The farming community alleged that Vietnam pepper is clandestinely entering the domestic market at $3,000-3,500 compared with $8,025 for Indian pepper.
Plea to raise output
According to Shamji, domestic pepper demand is on the rise on account of increased procurement by masala manufacturers ahead of the festival season.
Meanwhile, the Indian Pepper & Spices Traders Growers Planters Consortium – Kerala chapter has submitted a memorandum to a visiting Parliamentary Standing Committee, seeking measures to increase domestic pepper production. Indian pepper production stood at 65,000 tonnes against consumption of 85,000 tonnes, leading to dependence on imports.
The consortium wanted the committee to impress upon the Agriculture Ministry the need to support pepper farming at the grassroots to increase domestic production. Pepper production in 2024 is likely to be around 50,000 tonnes due to shortage of rains and this is expected to spur more imports. Speculative buying in the recent period has pushed pepper prices to newer heights but not brought any cheer to the farming community due to crop shortage.
September 19, 2023 at 01:20 PM.
BY V SAJEEV KUMAR
 |
| Plantation in São Mateus, Espirito Santo |
Over the past week, black pepper prices have slightly increased by about 1,5% from 73,000 - 74,000.
The largest market, China, has resumed purchasing along with demand from Europe/USA for Q4 deliveries.
The average export price of Vietnamese pepper in August increased for the third consecutive month and reached the highest level in the past 10 months reaching U$ 3,748 an increase of 5% compared to the month of July.
According to the latest data from the *General Statistics Office*, Vietnam-s pepper exports in August reached 16,009 tons, an increase of 4,9% compared to July, but a decrease of 13,4% compared to the same period last year.
Export turnover in August reached 60.01 million U$D, a 5.4% increase compared to July, but a 20.2% decrease compared to the same period last year.
In the first 8 month of 2023, Vietnam´s pepper exports reached 183,919 tons.,a 14.5% increase compared to the same period in 2022
Price indication for the week 35
Posts
All Comments
