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2012-02-06
 The
Lunar New Year celebrations are over, February already started, but still
the market moves very slowly. Vietnam still offer old crop remains at
cheaper prices, India goes up-and-down, Indonesia is steady as is Brazil. In
Brazil the ever-depreciating dollar does not allow any better offer and the
growers are strong enough to support the required prices for a while. The
new December - January crop in Espirito Santo was not of a big relief for
exporters. That´s the time to watch how the new crop from Vietnam will be
priced.
Malaysian Pepper Board (MPB) director-general Grunsin Ayom expects pepper
prices to remain firm in 2012.2012-01-17 Actually it feels like the year didnt start yet. Many buyers and sellers did not came back to work and next week we ll have another extended celebration - The Lunar New year, this time the Dragon Year. Starting next monday this celebration paralizes the core of pepper trading - Vietnam during almost 15 days. Thats why possibly the Vietnamian exporters are pushing strongly the sales before the holidays, depressing the prices. After holidays it will be a brand new situation with the new crop and new policy. What would be the trend ? We hope it will pay the hnor of the Year of the Dragon.  Share |
2012-01-09 Welcome to 2012  Market
as usual very lazy at the beginning of a new year.Vietnam easier than December and Brazil follow. However apparently the best-buy at the moment is India origin with a parity of around U$D 6,500. According The Hindu Business Line, Indian crop is expected around 43,000 mt. It also said the "As the overseas markets remained closed on account of Christmas and New Year holidays last week there was no demand forthcoming overseas except for some stray business with those who were fishing in the holiday markets." Brazilian prices are still around 6,700 - 6,850 FOB. It may give a feeling that market is searching a downpricing line. We went to search past reports to learn about these possibilities. Its funny to some extent as we realize that the years change but market behave repeatedly. The chart at left side shows prices for the first quarter of the last 2 years and they are very similar: after an initial drop the line resume its upward track. Old Reports Last year January read: 2011-01-15 According an Eurpoean report Vietnamian prices offered for March/April shipments of the new crop were even lower at U$D 4,450 for 550 faq and 4200 for 500 faq, a drop of almost 5%. Vietnam should trade more consistenly after the Thet holidays, however a bearish trend was signaled at least according this Dutch report. Well, In March it hit U$5,400 And two years ago: 2010-01-21 Vietnam started the year in a downward trend for no apparent reason. Yesterday, prices showed a slight reverse move, asking 2,450-2,500 for 500gl and 2,600 for 550gl FAQ. New crop arrivals are expected to start after the Lunar New Year, possibly as of the last week of February on. And, again in March touched U$ 3,300 ------------------------------------ We
suggest two readings which you may get by clicking: 2011-12-19 2011-12-05 Pepper
market was very dull for the past two weeks with buyers betting on market ease.
Actually the market came down a little with prices descending to low sevens,
India being oftenly the cheapest. Therefore buyers became entusiastic. According
The Hindu Bussines Line "...Expert analysts were, of
late, spreading bearish propaganda of an easier Vietnam pepper market as its new
crop is expected to hit the markets in January, while the arrival of new Indian
crop is to pick up in a good way in December because of the favourable weather
conditions prevailing, at present. There was also propaganda that Vietnam was
offering light pepper at $6,200 a tonne and the landed cost of which would come
to Rs 322 a kg. At the same time, Vietnam was offering FAQ 500 GL at $6,800 a
tonne. ..." Nevertheless the prices apparently stabilized and
even rised in India. Thus the market rend is still un-predictable.2011-11-12  After
weeks of apparent unactivity waiting for origin prices to decrease, buyers
became more agressive and started to bid lower with some apparent results as
primarily India, than Vietnam and now Brazil begun to accept somehow lower
prices. This situation possibly stimulated buyers to believe in succes by
spreading rumors .slightly beyond the reality.In a report today The Hindu Business Line wrote: " ...Price indications from New York for different origins in dollar per tonne (candf) were: MG 1 Asta – $7,525-$7,625 ; Lampong Asta ask for offer (afo); Vietnam Asta $7,700 - $7,800; Vietnam Asta new crop – afo; Brazil Asta – $7,050-$7,100 (fob); Brazil B1 – $7,000-$7,050 (fob); Brazil B2 – $6,950-$7,000 (fob)..." Not very much true: Actually some offers were reported (confirmed) at U$D 7,300 CFR for B1 quality, unsold, and at least one deal was said to be closed at U$ 7,100 FOB for Asta - but uncofirmed. Brazil nomimal prices were on Friday U$D 7300 and U$D 7,400 for B1 and ASTA respectivelly and a parity of U$D 6,700 for ungarbled pepper at farmgate. Depending of cash needs which are not critical this year, some good offers might be encountered until the end of the year. However during November and December a substantial quantity is still to be shipped, sold some months ago at level between U$ 7,000 and U$D 8,000. 2011-10-31 During the last weeks it seems that Pepper market stall. Buyers are consistently out of market which forced Vietnam and India drop their prices. Brazil follows with relutance as most of brazilian exporters are heavily commited already for shipments through December. Nevertheless all reports insist that availability id very restricted from both: Vietnam and India and further that India next crop will be smaller than expected. 2011-10-26
2011-10-09  Pepper
In two weeks Brazil jumped from the cheapest source to almost most expensive being second just to Vietnam, offering B1 560gl clean at around U$ 8,000 FOB, while India claims offers at this prices CIF basis. The reason for that was farmers rising ( which as always are slow to follow the market) and also a sudden reversion in U$D rate which fell from 1,90 to 1,74 in just 3 days. Amazing market ! Anyhow there s an impression that the market stabilized for a while as the prices were more or less steady in between 7,800 and 8,100 during the last 10 days As for how it will behave on the way to the end of the year
nobody can preview with accuracy. Thus we publish some coments from different
sources that might help ( or not ) further trading decisions.
2011-08-08 Brazil shipped only 745 ton of Black Pepper in July, 422 of which to USA. This is a drastic fall of almost 4 times compared to 2,872 ton shipped in July 2010. Overall the January- July 2011 was 14,100 ton , a 20% decrease compared to 17,249 ton shipped during the same period of 2010. Brazilian crop is forecasted as normal - around 35,000 mt and despite some quantities sold during last weeks for future shipments, may show clearly the lack of enthusiasm of brazilian exporters. A reasonable wealth aquired during recent high priced crops, and uncertainity of exchange rates may justify such sentiment. International reports focus on fundamentals and most of them agree on the bullish trend for this second half of the year. It is reported that Vietnam crop is already 80% sold and other producing countries all together will barely supply the needs of importers until the end of the year. It is also said that American and Eurpean buyers have tight stocks and all these factors turned the bullish sentiment and common sense. Nevertheless all of this was written before the SP rating agency decision to downgrade the american rating on Friday night. The impact of this decision and its influence on the spices market may only be known in the next couple of weeks. 2011-08-01 Despite summer holidays in Europe brazilian market has been active with prices
rising an average of U$D 100 per tone during the week.BASTA level at U$ 6,300 and B2 500gl clean at U$ 6,100 for shipments September onwards. Vietnam unchanged at U$ 5,600 - 5,700 the 500gl FAQ Brazil seems to have been the cheapest in ASTA quality and Vietnam in low priced end. Apparently brazilian exporters slowed down their interest in selling the new crop, in belief of prices uptrend towards the end of the year. At an average prices were reported as Brazil Asta U$ 6300 pmt fob Belem, Indonesia Asta U$ 6750 fob Panjang, India U$ 6900 fob Cochin and, Vietnam Asta U$ 6450 fob Hcmc. There s a difused general sentiment of market strenghtening towards the end of the year.
2011-07-25 Brazilian market back to work. After long time being dull the brazilian supply slowly resume its activity. Despite the sentiment of bulishness caused the previous week by strong sales, prices decreased alittle either at growers as well as at exporters and trades were been done at U$ 6,100 average level for shipments from September on. In case of closer shipments a premium of U$ 100 was asked usually. These prices levels at par with Vietnam cleaned pepper put Brazil back to the International market. Cloves Dring te last weeks a big demand for cloves was reported. Nevertheless Brazil has no more suitable stocks, only small quantities of FAQ quality and even this small stocks are being sold to loal market at R$ 19 - R$ 20 per kg which is roughly around U$ 12.00 / kg 2011-07-18 Brazilian market is alive ! Huge quantities were traded this week after several months of almost no activity. Since the beginnig of the new crop prices have been decreasing slowly until a suitable level was found around U$d 6,200 - 6,250. However the sudden interest for the product may strenghten the reverse move pushing prices back to the up. The dollar rate is also working actively for this purpose... 2011-07-07 Pepper from India comptetitive in Intl markets now Cochin July 7, 2011 2011-06-28 The IPC statistics show Brazilian exports from January - May 2011 falling 5% as against the same period last year. Also, in May 2011 Brazil shipped 1,600mt of pepper. 736 mt less than April 2011 and 1,296 tons less than in May 2010. According the IPC consideration this may indicate the depletion of brazilian stocks this year. New crop is expected to be available from August on as Espirito Santo crop was almost none. Most of the reports ( including the oficial ABEP ) insist on local consumption of around 6,000 mt, desconsidering the big grow-up of brazilian economy during the last 8 years. There is no official statistics for local consumption however the figure of 6,000 mt per year is more than 10 years old, therefore we might consider the real figure to be at least the double - 12,000 mt. Anyhow some sporadical sales happened during the last 15 days at prices between U$D 6,200 and 6,500 FOB for shipment Sept - Oct. It is said that U$D 6,300 might be traded these days for new crop shipments. Vietnam is on the same level or higher for cleaned merchandise but is cheaper for the FAQ qualities. So is Indonesia with something around U$D 6,400 FOB. India, of course, always higher. 2011-05-30  Market
has been absolutely dull with buyers apparently inactive. This, coupled with
Vietnamian policies squezzing credit availability and increasing interest rates
apparently switched prices trends in Vietnam.Whatever the reasons might be the fact is that the prices in Vietnam switched its path during the last 15 days with light berries droping to U$ 5200 - 5150 fob HCMC and ASTA reported to be around U$ 6000 fob. However other sources reported some deals at U$ 6150 fob from Indonesia. Brazil just watch the developments and India with extereme up-and-downs as usual, but with a twist downwards. This week between U$ 7000 and U$ 6500. 2011-05-16 São Paulo, May 15th Last
week we saw some oposite moves that might show some switch in the market trends
or rather a temporary stabilization or undefinition.On one side we see all the time India exchanges setting amazing levels of up to U$ 7,000 fob parity. On the other side a sudden swithch in Vietnam pattern downards, with light pepper reaching U$ 5,450 fob levels. In the middle we got reports of Indonesia starting to ship to USA and Brazil on "watch-to-see-what-happens-next" mode, to figure out what might be its position for the new crop. Meanwhile U$ 6,300 or around might possibly buy some brazilian pepper for next months shipments... If interesting worth a try. 2011-05-09 Sao Paulo May 09 th  Apparently prices stabilized at around U$D 6,000 levels. Actually for the second
week in a row the prices swing between 6,000 and 6,700 back and forth, with the
exeption of Vietnamese light berries FAQ quality that are around 5,600. However
the expected purchase rush does not happen. Small quantities are being traded on
the hand-to-mouth manner. Brazil also eased a little with June July eventual
deals booked at around 6,400 and Sept - October at 6,300. It is said that
Vietnam already released a good portion of its crop, possibly up to 30%. Next
crop to come to the market is from Indonesia, wich is very difficult to figure
out. However in the last years Indonesia was the main supplier for USA so it is
very reasonable to imagine that american dealers might have some commitments
there that may cover their needs. Also from July on the purchase for Ramadan
will stop so all the situation may help to bring prices slightly down in the
next weeks.What is absolutely out of stock in Brazil are Cloves which prices rose up to U$ 10,000 or even 12,000 pmt and are in hands of re-sellers. 2011-04-25 São Paulo April 25th No activity in Brazil last week for account of a long holiday as far as in
almost half of the world.However narket increased volatility cause by a very high speculation. All of the sudden Vietnam drastically reduced prices for the light variety, reaching 5,150 in the middle of the week, just to jump bacj again one day later. This monday opening asked prices were around 5,800 FOB HCMC. 2011-04-19
Sao Paulo
April 18th 2011-04-11  By
the end of the week it was reported some apparent ease in Vietnam where harvest
may be turning towards the end, expected in the first days of May.However in India, Indonesia and Brazil this sentiment wasn´t followed. As a matter of fact a strong devaluation of the american currency in Brazil,ripping down the barrier of 1,60 R$ per U$D does not help to ease the prices. Actually many sellers stepped out of the market on wednesday anf thursday. Brazilian nominal parity was U$D 5,950 before the devaluation of the dollar. The ASTA convention was held this week and according an american report " the buyers and traders left on a bullish note"... Nevertheless this same report mention that there might be a slight correction of prices within next weeks as the prices rose too fast, a consideration which we find to be very reasonable. However who said the pepper market is reasonable ?
2011-04-04 Sao Paulo April 4th Brazilian sellers keep holding the remaining material in search for ever better
prices. Actually not much sales happened mostly in ASTA quality. The arriving
enquiries are for medium terms shipments, mean June - July mostly. Price rose at
an average of U$D 50 per ton per day and friday finished with B2 500gl being
asked U$D 5300 and BASTA at U$D 5550 fob. Vietnam meantime seems to be happy
with the situation which by the pther side bothers buyers who bet on downtrend
with could happen due to new vietnamian crop and according an international
report "missed the bus": "Those who were postponing
their purchases on the hope that the prices would decline once harvesting of new
crop began in Vietnam said to have realized now that they had missed the bus and
started covering now...". The reports point out that "Two
psychological barriers were broken this week. The first,was the fact that ground
black Asta pepper traded repeatedly over the $3.00/lb mark and the second that
Vietnam traded locally in excess of 100,000VND. These figures represent a very
important benchmark for both the buyers and sellers psychology..."
Vietnam offering this morning the 500 FAQ at U$D 5,200 and 570 ASTA at amazing
U$D 5,850, which put India back to the game again. The action this week might be sligtly reduced due to the ASTA Convention in USA until next wednesday, April 6 2011-03-27  Brazil
has been out of market for some weeks. Pepper was offered relutanctly at prices above the market and for delayed shipments such as May. Actually with very limited stocks and being almost the only source alternative to Vietnam ( slightly cheaper than India), growers and exporters were willing to obtain the maximum profit possible, considering the failure of the next June Espirito Santo crop. Brazilian prices stood at 5,000 level for around 10 days. However Vietnam started not only to rise prices but also to delay shipments. This fact besides bringing India back to international market as a competitive origin, allowed prices to bend to the upside of the Market. On thursday and friday, enquiries to Brazil grew substantialy and prices rose around U$ 200 per ton average. Analists say that Vietnamian farmers are wealthier this year and knowing that Vietnam could be the only source for pepper for some time are holding all the product as much as possible. Its been reported that Vietnam already harvested around 28,000 mt and the local prices are rising somewhere in between of 7% in the last week. According an american report "Buyers both in USA and Europe are getting a tad nervous as they are not seeing their expected downturn in Viet prices as the newcrop is being harvested. This might force them to step in very shortly" Indonesia might have a shortage of their crop due to unfavourable weather conditions : Director of Spices and Seasoning Crops of the Ministry of Agriculture Azwar AB revealed, this years extreme weather is predicted to occur in Indonesia. "So it is estimated that pepper production in Indonesia and the world are expected to decrease," Prices reported on Thursday where as below: BRASIL - ASTA U$D 5150/5200 B1560gl U$D 5050/5150 INDONESIA LASTA U$D 5250/ 5400 INDIA MG1 U$D 5475/5500 VIETNAM ASTA U$D 5350/5500 550gl U$D 4950/5000 500gl U$D 4750/4775 In Brazil it raised another U$D 50/mt on Friday 2011-03-21  Sao Paulo
March 21 - Most of the market expected the month of March to give the final
trend of this year´s prices path. If considering it as definitive it seems that
prices may only rise further, as March came, Vietnam´s harvest is in full swing,
however despite some little moves up and down prices remained much on the same
level as at the end of the year, and further, seemed to gain strengh as the week
ended.The only source at the moment is Vietnam as Brazil has very little to offer and the main intersest is for shipments from May onwards, possibly betting on the next Espirito Santo crop. But all the trends were momentarily shadowed by the Japanese Drama with the chatastrophic Earthquake followed by destructive Tsunami and finishing by Nuclear menace. How may these events interfere in the spices market is a matter of discussions and we publish three articles about this. However it seems to us that at this moment whatever the consequences might be, it is less important that the thousand of lives lost there this week. This is a moment of grief and Peppertrade wants to express our deper sentiments of solidarity. 2011-02-28  Sao Paulo Feb
28 - Two weeks after Vietnam holidays the market still operating on an undefined
mode. It is true that slowly the trades begin but it is also true that the
expected prices turn-down did not happen, until now so far. By the contrary all
the time there´s afeling that Vietnam might start to harden its position.
Actually the prices eased somehow between 100 and 200 dollars, but was that what
buyers expected ?In Brazil no big changes: apparently there is no big
availability of Pepper and the many sales that happned in January/ beginning of
February keep exporters busy covering the commitments at suitable prices. It´s
easier to negotiate shipments for April / May although that s a risk that
neither the exporters nor the importers are willing to assume.Some articles published last week (here also) were saying that USA were out of market because they bought enough at the end of last year for their coverage and tryied toprove that with statistics: " United states of America has imported 52,014 Mts of black pepper compared to 49,148 Mts in 2009 and and 49,626 mt in 2008" . Nevertheless forget that in 2006, just before the crisis USA imported more tha 55 tousand tons and in 2005 it was 52,125, more than last year. Therefore our understanding is that with the recovery of the economic situation the imports are back to normal. By the way they already started to buy from Vietnamnew crop this year. Seems that there´s plenty of room to go... 2011-02-14 Stand-by mode Sao Paulo Feb 14 - After long time expected devaluation of Vietnamian Dong now
is about wait and see how market ( and Vietnamese exporters, of course) will
react. Not enough, Vietnam advised new figures for the crop, much better than
previous ones. Seems a marketing strategy, however next weeks will tell. In
Brazil the market is stable for the time being. India with Futures exchanges´
acrobatic flights has nothing to tell the world market, with prices closing at a
parity of U$ 5,600 FOB. It is reported that Vietnam offers light pepper
FAQ qualities somewhere around 4,500 or even cheaper. Madagascar offer light
berries on the same level.As for heavier ASTA all around U$D 5,000 with the exception (as already mentioned) India. Let´s see what´s gonna be... 2011-02-07 Pepper firm in Brazil Sao Paulo Feb 07 - Market was very firm in Brazil during last week with several contracts negotiated at average 4,900 - 4,950 pmt FOB. It is previewd a shipment congestion because of the commitments but also due to problems with egiptian ports. Many exporters now are offering only for April shipments and freight rates might change by that time as already advised by the shipping companies. Next crop in Brazil - a small one, from Espirito Santo is expected for June and untill than stocks are reduced with some growers and exporters holding merchandise hoping for even higher prices. 2011-01-24 First of all we must thank several emails
received from our readers expressing their worries about the dramatic situation
Brazil faced in January due to the floods and offering help and support. Chuc
Mung Nam Moi 2011-01-15 The Pepper market activity in Brazil is starting
slowly this beginning of the year. With many players still in holidays the main
sales has been directed to local market.
Share
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2010-12-30
2010-12-13 MARKET IN BRAZIL December 13th BLACK
PEPPER 2010-12-07 BLACK PEPPER With the proximity of the end of the year and the Xmas season selling interest in Brazil slow down as traditionally most of the exporters as well as growers take a break of around two weaks. Since the market seems stable at this moment any decisions are postponed fot January. In fact, the new crop that arrive in Espirito Santo isn´t that big as it has been spread by the bears - around 6,000 tons possibly which is rather small compared with the 30,000 ton from Para state, and is been very well accepted by local industry. Therefore the prices are still strong. We´ve been reportd of some sales on Saturday at U$D 4,800 FOB for B1. Not much actually, to indicate any trend or market situation. One factor that has been continuosly forgotten is that even if the local market is not the India s size, it exist and pays much better and faster than export, and does not require any effort of export proceedings - no paper work, port authorities work, no waiting for the shipping companies... it is delivered and paid in 3 days, so whenever there is a choice local operation is preffered. The possibility that brazilian offers will enter 2011 with the same levels of 4,800 - 5,000 is pretty much consistent. CLOVES Regrading the other brazilian spice traditionally traded at this time - Cloves - the exporters are sensing also a bullish trend and prices are rising, already over U$D 5,000 mt FOB. Shipments now only in January 2011 2010-11-30 BLACK PEPPER IN BRAZIL At the closing of the last week and over the
weekend rumors were spread that brazilian prices are coming down due to the
arrival of a "good" and "big" new crop is Espirito Santo state. "Finally, the crop starts, with 5 months of delay the 2010 crop has started, in spite of the draught we had on the beginning of 2010 the new crop will come out with good quality, however the quantity harvested will be at least 40% less than last year´s crop. In spite of the harvesting period, on which the farmers should have started offering the produce in quantity, the offers are reduce, due to the fact that the farmers are financially strong, due to the coffee high prices over these last two months, in Espirito Santo State, on the opposite of PARA state the producers have in their farms coffee and black pepper, so they trade their produce according the market oscillations. The prices at farmgate is still very firm indeed
R$ 7,00 to 7,20 per kg ungarbled, and will remain very firm in the coming months,
having in mind that the local market Rio de Janeiro, São Paulo and Minas Gerais,
buys huge quantity of the Espirito Santo production due to the its proximidity
to the producing areas. "
2010-11-22
Pepper Market November 21, 2010
2010-11-01 As it can be seen on the graphics below, last week pepper market turn very volatile all of sudden, with prices rising to very near U$D 5,000 target, at all origins, while buyers started to accept. In Brazil the B1 quality with 560 gl was sold at U$ 4,500 on wednesday, U$ 4,600 oh thursday and U$D 4,650 on friday, all to Europe. ASTA was asked U$ 4,800 on Friday, unsold. Very unpredictable behaviour for the this coming week... 2010-10-25
Pepper
2010-10-20 PEPPER Market with limited activity at least within the origins due mostly to SIAL exhibition attending. This is where the action seems to happen this week. We were reported about some trades in the Paris grounds. In Brazil prices rised some U$D 50 - U$D 100 per ton back again, with sales happening to Mediterranean, Gulf and African destinations. In Vietnam market reported dull but prices stable at U$D 4,000 for 500gl FAQ (possibly U$D 3,990 ?) and U$D 4,250 for 550gl FAQ. CLOVES New crop now start to be offered from Brazil. Prices wanted for best quality around U$D 5,000. Madagascar talks about U$D 4,750 all FOB. 2010-10-11 Pepper Market October 11, 2010 Next tuesday, October 12 is a national holiday in Brazil and in many other countries, so the market will be slow in some measure. The next weekend begin Sial in Paris. So no big moves should be expected for these 10 - 15 days. Brazilian prices are steady on the level above U$D 4,000 fob. Despite numerous bids received the last days, mostly from brokers and traders in Europe and USA, prices below U$D 4,000 something, cannot be rationally accepted. American dollar is always in its down path and the growers stay firm on R$ 6,00 - 6,20 per Kg at the farmgate. We understand that some exporters may venture and risk a lower offer just to make some movement, but no one might garantee the non-default as the risk exist. Cloves The same might be said about next season of brazilian Cloves, which will actually start in the mid November. We´ve been reported some transactions at U$D 4,500 fob average. Actually, presently these prices are impossible to be achieved with sellers talking about R$ 7,00 - 7,50 per kg farmgate and São Paulo local market ready to step in the market paying up to R$ 10,00 per kg delivered, at sight. We do estimate that a real price would be around U$ 5,500 - U$ 5,700 fob for those who do not desire a bad surprise. 2010-10-04 Pepper Market October 04, 2010 Pepper in Brazil showed some sales interest. However buyers were not touched by this sentiment. While buyers were bidding below 4,000 for B1 quality, deals were booked at 4,050 fob which is already a 2,5% drop from the beginig of the week. Nevertheless on friday´s closing the dollar rate in Brazil ended at 1,67 parity which is the cheapest rate since 2008. Further, most of the shippers are not accepting October shipments as the sales commited the operational capacity. However the shipping companies are advising the freight rates mighht rise for November creating a sentiment of uncertainity. Due to this two problems accept selling prices below 4,000 pmt fob is a clear risk to the exporters. The next two weeks sales people will be dedicated to Sial Food Show in Paris and purchase people to cover from the farmers ( who sold short ), so activity might be reduced again. This week´s important news was the anouncement of the launching of the new BLACK PEPPER FUTURES TRADE at the SDX in Singapore. It´s an important event that might change the world pepper trade parameters. 2010-09-27 Pepper Market September 27, 2010 Pepper market was slugish with the buyers very quiet buying sporadically to cover their needs. Market activity much below than the regular one expected for September. Vietnam and Brazil were considering some slight reduction in prices, however, at least in Brazil, a huge infulx of american currency due to the launching of the brazilian oil company Petrobras, throwed the US dollar prices to the ground preventing the pepper prices to drop. Indication of Brazilian Black Pepper are U$D 4,050, U$D 4,150 and U$D 4,200 for B2, B1, and ASTA . White pepper at U$D 6,200. 2010-09-20 After 15 days of celebrations and holidays the hopes are that the market begin to work at full swing. Despite a real struggle bulls and bears, prices continue steady in Brazil and Vietnam. As far as for Brazil a continuous depreciation of the American Dollar, doesn´t help much the prices to decrease. Indication of Brazilian Black Pepper are U$D 4,150, U$D 4,200 and U$D 4,300 for B2, B1, and ASTA . White pepper at U$D 6,200. As for vietnam is reported prices for Monday around U$D 4,050 for 500gl and U$D 4,300 for 550gl 2010-09-01 Pepper Market September 01, 2010 It might well be the festive mood or absence of buyers, whatever the reason is, the prices in Brazil as well as Vitenam slided a bit this beginning of the week. Vietnam was quoting 500gl at U$D 3,980 and the 550gl at U$D 4,230 while Brazil was asking U$D 4,050 for 500gl and U$D 4,150 for 560gl. Nevertheless Vietnam start National holiday celebrations tomorrow until next monday and Brazil will stop as early as friday due to National holiday nest tuesday, september 7. 2010-08-26 Pepper Market August 26, 2010 Here we go again ! The Business Line reported today that "Pepper futures were double floored on alleged international propaganda to pull the pepper prices down. All the contracts on the NCDEX fell sharply.Bearish reports were being spread that Brazil might reduce its pepper prices. Indonesia was also offering lower..." In fact in India futures drop today 4%. Nevertheless the prices in Brazil remain steady at ASTA -580G/L OCT/NOV USD $4350/FOB BELEM B1 560 G/L CLEAN OCT/NOV USD $4250/FOB BELEM B2 500 G/L CLEAN OCT/NOV USD $4150/FOB BELEM 2010-08-23 Pepper Market August 23, 2010 According The Business Line today -...Ever since the beginning of the recession, and rise in pepper prices, the global market players were not maintaining big inventories because of the huge investment involved on the one hand and the availability of material at moderate prices round the year on the other hand. They, in fact, anticipating that the prices might decline when the Indonesian new crop entered the market, were not covering and instead drawing from the existing inventory to meet their immediate requirements. But, now when they entered the market, as it appears, the demand started outweighing the supply and that in turn is aiding the prices to move up at all the origins-... There might be thousands of explanations, however the fact is that all of sudden the market wake up and enquiries started to pop in, giving strengh to bulls and the prices rose strongly from last wednesday. Brazil is already booking sales for October/November shipments as allegedly September is fully booked. Next week may strat dull again, due to Onam Festival in Kerala as even Banks close for celebrations. Prices Friday August 20, 2010 BRAZIL: ASTA -580G/L - USD $4250/FOB BELEM B1 560 G/L CLEAN AUG/SEP USD $4100/FOB BELEM B2 500 G/L CLEAN SEP USD $4000/FOB BELEM 2010-08-14 Pepper Market August 13, 2010 After being pushed down by a heavy pressure from some europeans and american importers the market apparently stabilized at the average level of 4,000 In Brazil although some offers were reported at lower level - 3,800 - not traded, at least as for our knowledge. Buyers absent form brazilian market. Anyhow, until the end of the week there was no apparent pressure to sell as the harvest is still in the beginning and growers not willing to accept lower prices and most of the exporters not taking the risk of a short position. According The Hindu Business Line these were the prices reported on Saturday: Prices quoted for black pepper of different origins per tonne in dollar c&f New York were MG 1 asta – 4,450-4,550; Vietnam 500GL – 3,875-3,900 (fob); Vietnam asta - prefer to work firm bids; Lampong 500 GL – 3,675-3,700 (fob); Lampong 550 GL -3,775-3,800 (fob); Lampong asta -3,900 (fob); Sri Lanka 500 GL -3,600-3,625 (fob); Sri Lanka 550 GL – 3,675-3,700 (fob); Brazil B2- 500 GL – 3,900 (fob) Aug/Sep; Brazil B1 560 GL – 4,000 (fob) Aug/Sep; Brazil asta - $4,100 (fob) Aug/Sep; MLSV asta spot – 4,350-4,400 ex warehouse New York/New Jersey. Vietnam and Muntok white pepper was quoted at $5,900 a tonne (c&f) each. Prices Friday August 13, 2010 BRAZIL: ASTA -580G/L - USD $4100/FOB BELEM B1 560 G/L CLEAN AUG/SEP USD $4000/FOB BELEM B2 500 G/L CLEAN SEP USD $3900/FOB BELEM 2010-08-10 Pepper Market August 9, 2010 The heavy marketing campaign the bears got results: prices in every origin started to fall. Brazil relutantely follows - some big exporters dropped their prices as from thursday - friday It is reported - with no contestation, neither confirmation - that VPA figures were wrong, as Vietnam already exported almost all the harvest previewd for all year and continues in the market. This morning, Monday August 9, unconfirmed reports said Lasta was offered at U$D 3,875 fob. Vietnam was told to be offering 500 FAQ at U$D 3,750, while 550 FAQ at U$D 4,000 and ASTA at U$D 4,190 At the end of the day Vietnam reported some sales today to Europe at U$ 4,000 FOB HCMC for 500 clean. Prices Monday August 9, 2010 BRAZIL: ASTA -580G/L - USD $4100/FOB BELEM B1 560 G/L CLEAN AUG/SEP USD $4000/FOB BELEM B2 500 G/L CLEAN SEP USD $3900/FOB BELEM 2010-07-29 Pepper Market July 29th Reports from everycorner in the world spread bearish rumors and advise amazing prices from all origins. Despite our best efforts we couldnt find the published prices in Brazil. All we got differs substantially from what certain international traders inform. In Brazil many exporters have stepped out as the proposed prices cannot be achieved with the prices asked at the farmgate which yesterday stood at R$ 6.70 per Kg, roughly parity at U$D 4,200 FOB for B1 560gl. Further there´s still no new crop pepper which should begin to arrive in suitable quantities from the mid-August on, therefore no-one want to bet on the future. We suggest that at present the best buy would be Indonesian Origin which prices are being anounced in a range of U$D 3,800 - U$D 3,900 FOB. Might be the right time to import from there before it will rise again. Prices Thursday July 29th, 2010 BRAZIL: ASTA -580G/L AUG/SEP USD $4300/FOB BELEM B1 560 G/L CLEAN AUG/SEP USD $4200/FOB BELEM B2 500 G/L CLEAN SEP USD $4050/FOB BELEM 2010-07-26 Pepper Market July 26th With the begining of Indonesia new harvest now, and some small quantities being harvested in Brazil localities the regular struggle between buyers and sellers has started. Several "urgent" reports since last week advise about sudden fall in the origin prices in Indonesia and Brazil. As far as Indonesia is concerned apparently prices actually came down to UI$D 4,100 FOB, however in Brazil it is still stable until today. Its is true that at least one contarct was sold at cheaper prices from a minor exporter who needed cash, however further bids were not accepted as for our knowledge. Nevertheless, abroad traders continue report that Brazil offers cheap. Interesting to note that this is a move repeated every year in July / August, just before the start of Brazilian crop ( and, it seems to work every year !). Contrary to this information, the first prices asked today by the growers in Mocajuba, Baião and Cametá where in the range between R$ 6,80 to R$ 7,20 /kg at the farmgate, for delivery in August. Prices Monday July 26th, 2010 VIETNAM: ASTA -580G/L AUG USD $4450/FOB BELEM 550 G/L FAQ AUG USD $4190 FOB HCMC 500 G/L FAQ AUG USD $3950 FOB HCMC Prices Monday July 26th, 2010 BRAZIL: ASTA -580G/L AUG/SEP USD $4300/FOB BELEM B1 560 G/L CLEAN AUG/SEP USD $4200/FOB BELEM B2 500 G/L CLEAN SEP USD $4050/FOB BELEM 2010-07-19 Pepper Market July 19th BREATHTAKING PIT STOP Apparently the uptrend prices spiral gave a break by the end of the week. At least Vietnam eased its prices, or better saying, stopped to rise. This did not reflect in Brazil yet where the prices jumped another 50 dollars on Friday. However there is no trades over the weekend in Brazil and since it opens 12 hours after East Asian market it is very possible that it might adapt to the general trend. According to an american report on Friday 16, locla resellers in USA eased their prices for future deliveries in order to "cash some profits". It said that "Indonesia is in the midst of harvesting but with steady domestic support buying. It is reported that the availability from the farmers remains tight. There contiues to be local demand to support the prices." Prices Monday July 19th, 2010 VIETNAM: ASTA -580G/L JULY/AUG USD $4570/FOB BELEM 550 G/L FAQ JULY/AUG USD $4250 FOB HCMC 500 G/L FAQ JULY/AUG USD $3990 FOB HCMC
Prices Friday July 19th, 2010 2010-07-06 Pepper Market July 05th Pepper prices escalated strongly mostly in Vietnam, with all other origins following. Despite stratospheric levels, exports continue, mostly to Gulf countries and Europe. According reports, USA are still out of market, or, if purchsing, they do it very silently. However there´s the new crop from Indonesia expected for the middle of July. The big question is whether is it sold already in advance or not, and will the exporters ship or default ? Prices Tuesaday July 06th, 2010 VIETNAM: ASTA JUNE USD $4150 FOB HCMC 550 G/L JUNE USD $3950 FOB HCMC 500 G/L JUNE USD $3685 FOB HCMC BRAZIL B1 550 G/L JUNE USD $3950/FOB BELEM B2 500 G/L JUNE USD $3700/FOB BELEM 2010-06-28
Pepper
Market June 28th 2010-06-22
Pepper
Market June 22nd 2010-06-21
Pepper
Market June 21th 2010-06-14
Pepper
Market June 14th 2010-06-07 One may consider the pepper market adrift nthese days. Prices are stable with minor deviations up and down and than back. India was the only with a sensible drop for 3 days in raw becoming competitve, but already reacted today. Prices from Vietnam eased some U$ 25 per ton Brazil stable. Prices Monday June 7, 2010 VIETNAM: 550 G/L JULY USD $3325 FOB HCMC 500 G/L JULY USD $3140 FOB HCMC BRAZIL B1 550 G/L JULY USD $3420/FOB BELEM B2 500 G/L JULY USD $3250/FOB BELEM 2010-05-31 Pepper prices for lower qualities continued the upward trend that begun in the middle of the previous week. However on Friday and Saturday at the India´s exchages the Bears took over and throwed the prices very much down, as reported by The Hindu Business Line, to U$ 3,750 cnf or around U$ 3,625 fob. Some defaults and shipment delays were also reported from Vietnamese exporters. Prices Friday May 28th, 2010 VIETNAM: ASTA JUNEUSD 3700 CF NY/BALT 550 G/L FAQ JUNE USD 3350 FOB HCMC 500 G/L FAQ JUNE USD $3150 FOB HCMC BRAZIL B1 560 G/L CLEAN JUNE USD 3450/FOB BELEM B2 500 G/L CLEAN JUNE USD 3200/FOB BELEM 2010-05-24 Pursuant to local news mirrored by this page, the impression is that the market is on a continuous upward trend. However, a simple glance at price graphics unveils reality: despite a confirmed bullish sentiment, prices in general have been stable throughout the week with minor oscillations either way. Today, an American report stated that "Pepper markets continue firm with narrow movements within a tight range. The overall undertone remains firm/bullish. Indian exchanges seem to rebound quickly after any decrease in price" In a comparison of today´s prices to those published at the beginning of the week, there was no apparent change. Nonetheless, midweek they were lower and are retaking an upward trend. Prices Monday May 24th, 2001 VIETNAM: ASTA JUNE USD $3700 CF NY/BALT 550 G/L JUNE USD $3350 FOB HCMC 500 G/L JUNE USD $3150 FOB HCMC BRAZIL B1 550 G/L JUNE USD $3350/FOB BELEM B2 500 G/L JUNE USD $3175/FOB BELEM 2010-05-17 After a brief moment of prices easing in the beginning of May, it seems that prices resumed its uptrend. Apparently the prices ease at the end of the previous week, was due mostly to dollar appreciation and did not last for long. Anyhow it reduced the levels and avoided prices ( even the India´s) to get closer to $ 4,000 levels. An american report at the end to the week say that few deal were seen when the prices eased, however when the prices resumed there was "good demand and trading at higher levels." Check the full article here Prices informed by USA report on Friday, 14th BRAZIL ASTA MAY/JUNE USD $3600/3650/MT FOB BELEM B1 550 G/L MAY/JUNE USD $3500/FOB BELEM
VIETNAM: 2010-05-10 Volatile pepper market this week. Brazilian black pepper prices sky-rocketed Tuesday 4th, rising to around U$D 200 per ton in just one day. Buyers were very cautious and silent. Vietnam continued to raise its prices but emanated rumors of some ease on Friday. India´s exchanges continue with up-and-down moves and reported a parity of U$ 3,700 on Friday. The actual key role in the pepper market this week was rendered by the Greece issue, which dramatically changed the dollar/euro ratio. Although the listed prices were the same on Friday in Brazil, , some cheaper bids were acceptable due to the 4% dollar appreciation. Next week developments will show up better. As reality imposes, until July, prices trend to high due to Ramadan supplies. 2010-05-04 BLACK PEPPER Brazilian black pepper prices sky-rocketed today´s afternoon, rising around U$D 200 per ton in just one day, with no apparent reason but to follow the international market. Eventual buyers asking for quotes were astonished with this move and as far as for our knowledge no deal was closed at these levels. It seem to follow India´s exchanges which reached the parity of physycal U$ 4,000 today Vietnam is following the rise with new increase in prices as well. Prices reference for May 4 Black Pepper Brazil FOB May shipment B1 560gl clean U$D 3,500 mt B2 500gl clean U$D 3,250 mt Asta 600gl U$D 3,600 mt Vietnam Black Pepper FOB May shipment 500gl FAQ U$D 3,150 mt 550gl CLEANED U$D 3,495 mt 580gl Asta U$D 3,630 mt 2010-04-27 Despite the ASTA Convention, which is happening this week in Naples, Florida, USA, the market opened the week firmly with prices rising very strongly. In Vietnam prices that declined a week ago, 500gl FAQ at U$ 2,900 FOB rose back to U$ 3,050 yesterday. In Brazil prices are increasing at a rate of U$ 50 per day. According an International report, Vietnam Asta supplies might be slowed due to FDA investigations. Thus, purchases might be re-directed to Indonesia, Brazil, or India. However according another report from Jupiter Commodities, Indonesian stock might be reduced to 10,000 from now to July. On the other hand, Brazil is also short on carryover stocks and the usual May harvest in Espirito Santo will be very small (if any) and delayed, the main reason for Brazilian prices to rise. Update April 29 According The Hindu Business Line prices quoted for different origins in dollar per tonne c&f New York, April 29 were: MG 1 asta – $3,725 – $3,925 Lampong asta - $3,700 Vietnam 500GL – $3,000-$3,050 (fob); Vietnam asta – $3,575- $3,600; Brazil asta - $3,300 - $3,400 (fob); Sri Lanka 500GL - ask for offer; MLSV asta - $3,750 - $ 3,775 c&f New York; Vietnam white pepper double washed - $4,800- $4,825 c&f; Muntok white pepper $5,500 c&f from resellers. However in Brazil even B1 560gl at $ 3,300 is difficult to find according our sources. 2010-04-24 BLACK PEPPER Just somedays of ease and Peppermarket resumed its bullish trend with prices rising again in Vietnam and Brazil in the last 2 days. Some reeported defaults or delays from Vietnam showed an apparent hard time for exporters to cover from the growers in Vietnam, who are betting on higher prices. The Hindu Business Line wrote that "...Pepper futures shot up Friday on reported problems in Vietnam pepper exports and consequent buying interest from exporters and small and medium dealers. International players with multi-origin operations who sell MLSVB (Malabar, Lampong, Sarawak, Vietnam and Brazil pepper) might have indicated that they might be covering from other origins to meet their commitments with the US market..." In Brazil, due to rumors of reduced availability and international market rise, the local market stepped in the market to cover their needs paying prices up to 20% higher the one week ago. As a result the maket firmed again. Prices asked on Friday were $ 3,000 for B2, $ 3,200 for B1 and $ 3,400 for ASTA and going up. Vietnam was reported at $ 2,950 for 500gl FAQ and $ 3,150 for 550gl FAQ. All FOB. NEW WEEKLY BULLETIN We are beginning to distribute a new Weekly Bulletin, very much improoved and with extended content, including Corporate News and Events. You may send your Company news for publishing, including small pictures. It must be subscribed. You may do it by clicking here:  For Email Marketing you can trust
2010-04-19 Just a month ago, March 20, we received and published a commentary about the pepper market, written by Sham Nair " • Pepper prices likely to weaken in week 13 - Commentary by Sham Nair 2010/03/20". This was in the beginnig of the price rally and at that time sounded weird. Well, this week the market stalled. With not many deals and buyers from Europe and USA in standby, market started to ease from Vietnam which is the most exposed seller, if not the only one in the market now. Indonesia, always unknown, apparently is accepting bids, while Brazil keep its prices mostly because the crop from Espirito Santo is really very small and the damage to the Belem crop is still unknown In New York the reported prices last Friday April 16th, were: MG1Asta – 3,650-3,750 (cf) Lampong Asta -will respond to firm bids Vietnam 500GL – 2,875 (f.o.b); Vietnam Asta –3,425-3,450 (c&f) Brazil 500GL – 3,000-3,050 (f.o.b); Brazil 550 GL –3,100-3,150 (f.o.b); Brazil Asta – 3,250-3,300 (f.o.b) Sri Lanka 500GL – 2,950 (f.o.b) Spot MLVB Asta – 3,650-3,850 – ex warehouse New York/New Jersey; MLSV Asta – 3,650-3,800 (c&f) New York. Vietnam white pepper double washed – 4,575 (c&f) 2010-04-05 BLACK PEPPER: Many players were waiting and hoping that the forced pause during last week due to Easter holidays might bring a breath for the Bull spiral of pepper prices. However it seems that no chage happened which may be a sign that the bullish trend is very fundamented one. The prices keep rising and importers are buying. It seems that the upwards trend is here to stay for a while. Interesting if observed the prices graphic below, the 2010 pattern is very simmilar to the pattern of 2007, when prices finished above U$ 4,100 in the middle of the may. According the Business Line report last Friday April 2nd, " Prices quoted for different origins in dollar/tonne (c&f): New York were MG 1 Asta – 3,575 – 3,675; Lampong Asta -will respond to firm bids; Vietnam Asta 3,525–3,600; Brazil 500 GL and 550 GL 3,150-3,200 and 3,200–3,250 (f.o.b.) respectively. Brazil Asta-3,350-3,400 (f.o.b.); MLSV Asta -3,550–3,600 (c&f), New York" As we were finishing this update we received an article from Mr. Sham Nair, worth of reading 2010-03-11 BLACK PEPPER Apparently the bearish trend of the Vietnam prices stopped in a point and market not just stabilized but have a bullish sentiment. This week prices rised back up to 2 % and the sales are growing with the new crop. India is said to have bought a good quantity for re-export. India´s exchanges continue its private roller-coaster day-by-day entretainment. Sometimes it seems that India doesn´t even need any physycal pepper so distant it is from the world market reality. The truth is that India´s local enormous consumption allows its hermetic position. A worst situation is in Brazil where losses due to weather are estimated high. Check here for the pictures we received this week< EVER RISING This year the ALLSPICE PIMENTO from Mexico apears to be very scarce with prices rising steadily. Last prices were reaching U$D 3,500 fob 2010-02-27 BLACK PEPPER Well, apparently the year begun last week. After all holidays and food shows and events, Vietnam started to offer new crop and slashed prices for the lower qualities. Brazil must follow however not many exporters were willing to do that. Some reduced prices but still slightly over vietnamian. Some sales were reported from Vietnam to India last week over 300 ton. Possibly due to that strong interest Vietnam offers seemed to slowdown the bearish trend by the end of the week. Experts predict that prices should continue its path down although weaker for a couple of weeks, but, if the buyers would rush in, this market may revert strongly. We suggest the reading of an interesting article we received from India today 2010-02-03 BLACK PEPPER The Dollar rate In Brazil rose continuously throughout January, amounting to almost 8%. On that basis, pepper exporters have again started to offer and fob prices have dropped. However, in February the currency trend inverted and there is a possibility that pepper prices will stabilize or even rise slightly, always depending on Vietnam. February is usually a dull month for trade as there are many distractions: Lunar New Year, Carnival, The Spices Congress in India and the Gulf Food exhibition in Dubai, so normal activity might only be resumed in March, when the Vietnamese crop is usually in full swing. ALLSPICE PIMENTO Unexpected strong rise in Mexican Allspice Pimento due to very low local stocks. Market very volatile and prices rising on daily basis. PEPPERTRADE CONGRATULATES THE MEMBERS OF THE NEW DIRECTORY BOARD OF ABEP 2010-01-21 Vietnam started the year in a downward trend for no apparent reason. Yesterday, prices showed a slight reverse move, asking 2,450-2,500 for 500gl and 2,600 for 550gl FAQ. New crop arrivals are expected to start after the Lunar New Year, possibly as of the last week of February on. Reports mention carryover stocks of 12,000 mt in Brazil, 12,000 mt in Vietnam and 7,000 mt in Indonesia, however figures actually are not the most trustworthy information these days, being that last year we saw Vietnam reporting a harvest of 100 k tons and exporting 135 k tons. In Brazil most exporters stepped out of the market in expectation of better prices. 2010-01-12 The pepper market is waking up but still very lazy. We witness some excited activity in India as usual, but Vietnam suprises the market again depressing the prices. Apparently vietnamian stocks were exhausted but all of the sudden offers drop some 200 U$D per ton - at least for the lower qualities. American and European buyers still wait for developments. The Hindu Business Line said today "...According to an overseas report, Vietnam has reduced its prices for FAQ 500 GL to $2,400 and 550 GL to $2,650 a tonne (f.o.b.)...Overseas markets were reportedly on a wait-and-watch mode for the Vietnam new crop to arrive in March/April, trading sources said..." However different news come from Vietnam. According Thanh Nien Daily"Pepper exports from Vietnam, the world’s largest producer, will fall 26 percent to about 100,000 metric tons this year as stockpiles are exhausted, according to Do Ha Nam, chairman of the Vietnam Pepper Association.“We don’t have any stockpiles left, so what we produce this year will be for export,” Nam said Monday. “Prices will rise slightly due to supply shortages in other countries as well,” Who ever knows ? Brazilian prices are steady at U$D 2,650 for B2 500gl CLEAN and U$D 2,750 B1 560gl CLEAN. 2010-01-06 2010 is starting very slowly. According a report from USA January 5, the market continues to drift. However a certain pressure in India may indicate an upward trend in prices as it has been happening for the last 5 years - January, the pepper price start to rise consisntently. Incidentally, January is India´s crop. Coincidence ?............ Happy 2010 for you all !
2009-12-16 Practically all the month of December we witness a very calm market with very sligh changes in prices up and down, if any. Graphically it s a linear behaviour. The only life in the industry seems India´s exchanges. And due to other origins stability it looks sometimes even dramatic. According one report from USApepper markets remained sluggish over the last 2 weeks ( that was one week ago) Generally in Brazil no big expectations till the end of the year. Holydays season approching and the mood is more to the lazy side. Today´s prices: USD 2750 FOB B-2 Brazil USD 2850 FOB B-1 Brazil USD 3050 FOB ASTA Brazil USD 4800 FOB W1 Brazil USD 4150 FOB W DW Vietnam USD 4400 FOB Cloves Bahia # 1 Brazil If someone´s interested it might be the "last call" this year as beginning next Sunday 20, many companies are closing for season holydays and returning to work only next year, Happy 2010 for you all ! Thanks again for your support PEPPERTRADE TEAM 2009-12-07 Back from the IPC meeting appologise for delayed update. Nevertheless not musch info was lost as the maket seems inactive a couple of weeks already. It seems that the year, as for trade, will end sooner this time - not many dramatic moves expected until January. We´ll be publishing some summaries form the meeting during the week Brazilian prices today for Pepper: USD 2800 FOB B-2 USD 2900 FOB B-1 Prices are nominal as market non-reacting this monday 2009-11-20 Pepper markets absolutelly dull and prices steady. Buyers seem to be covered and waiting the beginning of the next year to decide. Next week we´ll have the IPC meeting in Belem - Brazil when pepper market situation and trends will be discussed. Brazilian prices today for Pepper: USD 2700 FOB B-2 USD 2800 FOB B-1 USD 2900 FOB ASTA CLOVES DISAPEAR Cloves disapeared from the market. Most of the serious exporters stepped out of the market. Prices - if an offer is found leveled at U$ 5,000 for Bahia # 1 Check an article by The Hindu Business Line about the situation... 2009-11-05 Brazilian prices today fro Pepper: USD 2750 FOB B-2 USD 2850 FOB B-1 USD 3000 FOB ASTA CLOVES CATCH FIRE Cloves market literally catched fire. Most of the serious exporters stepped out of the market. The remainig offering jumped over $ 4500 100% pre-paid for instant offer. Very consistent talks about quality blaiming that some exporters are packing even more than 20% of stems. A lot of business was done in the last 2 / 3 days without coverage. Now when the time to cover the contracts will arrive it is expected growers to rise their prices to the very limits 2009-11-03 November started with a very bullish sentiment to the joy of Brazilian exporters. Brazilian sales were a sort of tied up by the low dollar rates and buyers apparent laxk of interest. However several enquiries popped up over the weekend and despite the long holiday prices rised and sign further possible rise. BASTA at $ 3,000, B1 560gl at $2,850 tand B2 500 gl tending to jump immediatelly some 50 dolars per ton respectivelly bring new hopes to the exorters as the origin still is the cheapest. CLOVES Another jump this one stronger. All at the once enquiries popped up and sales were booked. Shipments that were available for November/December were almost all sold in 5 days and today the nearest available is January 2010. At same time prices jumped from $ 3,900 to $ 4,100 + , an increase of 5% in 4 days with a holiday in the middle. Brazilian Cloves Crop should not exceed the same 6,000 mt of the last year therefore a consistent bullish trend might be expected. Some few exporters are trading HPS with improved quality this year (and improved prices too ) HPS priced at U$ 4,800 and up. 2009-10-26 We apologise for lack of information last couple of days. That was due to problems in our servers which had to be updated, Finally we do believe things are being fixed accordingly. Pepper market however was some kind of dull due to various factors, such as India´s Diwali festival and Anuga food show. Aparently it starts to recover as we see signs of appreciation and this week stated with a bullish Monday not only in India but it was said that also Vietnam and Indonesia were firmer and rised. On the other side the dollar rate always depreciating, blocks all possibilities of the prices to come down. Brazil is still the cheapest origin by large but it will not last forever. Indicative prices this Monday: MG1 U$D 3,275 / Vietnam 500 gl Clean U$D 2975 / Lampong ASTA U$D 3,250 / Vietnam ASTA U$D 3,250... Brazil was asking this monday U$D 2,950 for ASTA, U$D 2,775 for B1 but trend is up for tomorrow 2009-10-10 Brazilian market inactive at the close of thweek as Monday os national holiday. Also many exporters flew to Germany for Anuga. Dollar continues its path down and as a result of that prices forced to rise. Also because of that the few exporters willing to work today were very cautious for comittment as nobody nows what will happen nex tuesday. Nominal prices today $ 2,700
for B2 500gl, $ 2,800 - 2,850 for B1 560gl and $ 2,950 for
ASTA grade 2009-10-07 Information from Vietnam 2009-10-06 This
information just received from Vietnam 2009-10-03 An American report published
friday says that pepper market has been steady with limted
trading for the last weeks, with american buyers watching the
market development. 2009-10-01 Brazil opened october with $ 2,650 / $ 2,750 / $ 2,850 for B2/B1/ASTA respectively. Dolar rate which touched the lowest rate in the year yesterday, appreciated slightly today. At the end of the day The Business Line wrote: Pepper futures market on Thursday went up in the forenoon on bullish reports based on the earthquake in Indonesia and buy calls from expert analysts. 2009-09-26 Prices quoted on friday in Ny market Brazil asta usd 2850 fob Belem and B1 usd 2750 fob Belem and B2 usd 2650 fob Belem Vietnam 500 gl usd 2750 fob Hcmc 550 gl usd 2880 fob Hcmc and Asta usd 3150 fob Hcmc Indonesia Asta usd 2950 to usd 3050 fob Panjang oct shipments only Sarawak Black label usd 2925 fob Kuching Sarawak yellow Label usd 3100 fob Kuching Sarawak Brown Label usd 3250 fob Kuching Indian Mg 1 asta usd 3000 to usd 3075 fob Cochin for oct thru December 2009-09-24 Yesterday September 23, the dolar rate closed and the lowest level in 12 month in Brazil. Today it closed with almost 1% apreciation... That´s the environment for the pepper market. Obviously not only in Brazil. It is very tough to make any preview when the main factor is unknown. Prices in Brazil are steady and actually will not drop face this uncertainity, however once in a while an opportunity may be found. U$ 2700, U$ 2,800, U$ 2,900 are the minimum acceptable prices to avoid a loss to exporter. However U$ 50 pmt cheaper it is possible to find. We suggest the reading of a Report posted today 2009-09-19
Market inactive these days
in Brazil with exception of local trade. PEPPERTRADE 2009-09-03 India was dull for the local market on holiday due to Onam festival in Kerala In Brazil a growing buyers interest for near future shipments - October November. Sellers not willing to commit for future however on the belief that prices might rise further. B1 Sept shipment @ U$D 2,850 fob. Asta from U$D 2,900 to U$D 3,000... Meanwhile The BusinessDay form Johannesburg interwied Peter Sayia " Black-pepper prices may jump as much as 12% by year-end as a rebound in the global economy spurs demand for dwindling inventories, according to A.A. Sayia & Co., a 92-year-old US spice brokerage" Check it
"Drop a line on TWITTER or 2009-09-02
Sorry "Drop a line on TWITTER or 2009-09-01 As we mentined yesterday " a weak market activity shall be forecasted for this week as this is the last week of summer vacations, Labor day..." The Business Line reported this monday " There was not much activity and it was a dull market, market sources told Business Line..." and further " ...Vietnam has raised its parity by $50 a tonne from the previous closing. 500 GL was quoted at $2,700 a tonne; 550 GL $2,850 a tonne; and V Asta at $3,150 a tonne. Indian parity remained competitive at $3,200 a tonne (f.o.b.)." 2009-08-31 A weak market activity shall
be forecasted for this week as this is the last week of summer
vacations, Labor day in USA and next monday the Brazilian
Independance day - national holiday 2009-08-27
Brazil market stable. "Drop a line on TWITTER or 2009-08-25 The market has
been realy un-understandble. "Drop a line on TWITTER or "Drop a line on TWITTER or 2009-08-16 Friday was calm but as it closed Brazilian prices were up again. Actually it was nominal as not many exporters were left in town and among the ones that were still working nobody was willing to commit over the weekend as an expectation grow up for further demand. In the morning some agents were insitently trying to get some cheap prices rather unsucessfuly and this made the exporters stay alert. The same situation was reported from USA and India. However Saturday one client informed have bought from Vietnam, 500gl at $ 2,550, non confirmed... Brazilian pices closed the week at $ 2,650 for B2, $ 2,800 / $ 2,850 for B1. According The Hindu Business Line "Prices quoted at the weekend for different origins/tonne c&f New York were: MG1 Asta $3,200; Lampong Asta $3,300; Vietnam Asta $3,125 Drop a line on TWITTER or Comment on our BLOG 2009-08-14 Despite some articles reporting a picture of big volatility with ups and downs during this day we did not see great rush in peppertrade today in Brazil. By the contrary some exporters eased their prices while others mantained the same offers and actualy there was not a sensible drive to sell. Also from the buyers we couldn?t perceive a rush to buy. It was really calm. The local market in S?o Paulo was lazy too - deals were done only when sellers accepted buyers prices and terms unchanged during the last days - R$ 4.10 /kg Export prices offered were lower than yesterday, between U$ 2,750 and U$ 2,850 for B1 560gl and U$ 2,650 for B2 500gl. Apparently all origins reduced their prices but we do not feel any real desire to sell immediately at least from our brazilian suppliers
Drop a line on TWITTER or 2009-08-10 Remember last monday ? "2009-08-04 Market in Brazil today was extremely firm with enquiries poppin in and some trades done reported at 2,550 fob for ASTA." Well, today Brazil sold reportedly BASTA to US at $ 2,960 pmt And US roported also purchase from Indonesia at $ 2,900 pmt FOB Other price indications were reported as Vietnam 500 gl up tp $ 2,750 and 550gl up to $ 2,880. Brazil was asking $ 2,750 for B2 and $ 2,850 for B1 while India was said to reach the level of $ 3,300 for MG1. Non-stop breathless climb. Acording some american observers it seems that buyers are supporting this move upwards by purchasing even as quietly as possible some quantities needed for coverage. If this is true it might be considered that the pace is consolidated. For that purpose we publish a note today, about an European report. Coming back to last monday: $
400 pmt in one week ! - not a bad deal.
Drop a line on TWITTER or 2009-08-07 Friday closed the week with no sign of prices easing the rising path. It was roughly a 20% rise in 5 working days. And quoting an american report "USA buyers still not jumping in but showing much more interest than previously". What may happen than if they decide to enter the market ? See you next week... Some price indications today: 500G/L USD2640 550G/L USD2790 Cleaned BP 570gl USD3050 Cleaned & Steamed BP 570gl USD3100 Check our Blog for "Black Gold shinning again" Follow updates on Twitter We welcome your comments / opinions and notes 2009-08-06 As we were advising in the last reports the market is moving up amasingly fast and firm. Since monday a rate of 7% daily average. At this rate there will have a need for a pit-stop for a re-evaluation. Brazilian prices closed at U$ 2,650 for ASTA, 2,550 for B1 and 2,450 for B2 above the levels we previewed yesterday. India crossed U$ 3,000 and Vietnam was reported asking U$ 2,775 for his ASTA. Jupiter Commodities USA is issuing a report everyday wich demonstrates the attention players are paying to the present situation. Exceptionaly we publish the daly prices graph below showing the prices of all origins. Drop a line on TWITTER or Comment on our BLOG 2009-08-04 Market in Brazil today was extremely firm with enquiries poppin in and some trades done reported at 2,550 fob for ASTA. The new crop is available mostly in Espirito Santo to whom agrees the asked price. The Espirito Santo crop is good this year, however in the main plantation area which is in the north - Para State, is not that easy. Anyhow brazilian prices which were the cheapest during last weeks are rising firmly. Potential levels of 2,550 - 2,600 for ASTA, 2,500 for B1 and 2,400 for B2 for tomorrow August 5. Nevertheless other origins seems to be above brazilian prices today with Vietnam reported 2,750 for ASTA and 2,480 for 550gl FAQ Drop a line on TWITTER or Comment on our BLOG 2009-07-31 Finnaly since the beginning of this last week it seems that the bull started to win. Bullish sentiment prevailed and made the prices rise, softly at the beginning and sharply as the week closed. In Brazil apparently the new crop is expected to be slightly lower than previewed - around 37 - 38 K tons. Prices in Brazil at the end of last week were around 2,250 pmt fob for B1 560 gl and zoomed up to 2,350 at the end of this week and are ready to rise further as the demand accept and the dolar is depreciating day-by-day. ASTA pepper from Brazil would be priced at 2,550 at least. Other origins also improved: India - from 2,650 to 2,825 Vietnam 500gl FAQ from 2,180 to 2,250 in just 2 days Indonesia quotes at 2,550 2009-07-14 The harvest in Espirito Santo - Brazil started already and the new merchandise is already available. However the local market is pauing better than International market. Growes are very reluctant to accept lower prices and still wait for the next weeks. The prices for Brazilian pepper were $2,150 - $2,200 for B2 500 gl,between $2,300 and $2,350 for B1 560gl and $2,400 - $2,500 for Asta grade. Other report mantioned prices quoted per tonne CNF New York for various origins were MG1 Asta$2,650 - $2,750; L Asta $2,400; Vietnam Asta $2,475; Vietnam 500 GL$2,100 (fob), 550 GL $2,225 (fob); Brazil Asta $2,425 - $2,450 (fob)nominal quote Actually reporting prices without a full refrence to quality is a tricky deal as prices vary some $100 to $150 per ton being it "FAQ" or "ClEAN" qualities. Read the full article... 2009-06-21
2009-06-19
2009-06-14
2009-06-06
2009-06-01
2009-05-25
2009-05-18
2009-05-10
2009-05-07
2009-05-06
G.K.Nair 2009-05-04
G.K.Nair
2009-04-25 PEPPER India, as it?s very common to happen is way above all other origins with a parity of U$D 2,750 pmt fob. However such difference stimulates traders to import from Vietnam and even Brazil, supporting these origins and creating a very confortable level around 2,100 - 2,200 for the exporters of these countries. The only bad news has been the devaluation of the dollar which erase the margin of the exporters and makes them push the prices futher up. We publish the new stats for brazilian exports updated March 2009. The shipments fell by 5.5%. The USA bought 3,825 tons 55% more than the 1,727 last year, however Eurpoe fell 47% to just 2,348 tons during January/March 2009 period. CLOVES As we publish today the price for cloves is rising and the trend is further up. Just a very little quantity is left in Brazil which is cheapest origin. Prices today are in a range between 3,400 for FAQ and 3,900 for good quality, from reliable suppliers. ALLSPICE PIMENTO Almost finish in Mexico and price soar if available. The alternative is Brazil but there also prices started to rise. 2009-04-18 PEPPER Black Pepper continued its path upwards and buyers seemed to start accepting it which reinforced the trend. Brazil ended the week asking U$D 2050 for B2 500 gl and U$D 2100 for b1 560 gl but some have rported sales of up to U$D 2150 fob. All the other origins are up and Vietnam is improoving a marketing campaign to lead his growers to hold the pepper in order to get better price. Nevertheless it may be wortheless as China and India are rported to increase their purchases from Vietnam. Internal market in India, always very speculative pulled the prices in friday to U$D 2,800 parity which although unworkable for international market, increases the interest to buy from alternative origins like Vietnam reinfocing thus the upwards trend. CLOVES Price for the cloves in Brazil rise to U$D 3300 fob for FAQ, and U$D 3,450 -3,650 for good quality. Anyway always must be re-confirmed as stocks are finishing. ALLSPICE PIMENTO Almost finish in Mexico and price soar if available. The alternative is Brazil but there also prices started to rise. 2009-04-09 PEPPER Surprisingly the pepper market is firm with a light trend upwards, supported by Vietnam. Give a look at an american report last Thursday. Brazilian prices slightly up and buyers accepting. B1 560 gl U$D 2,050 - 2,100 today and the Real is appreciating which push price further. CLOVES 2009-03-28 PEPPER This week we publish updated statistics of brazilian pepper exports for 2009 year. Despite all the global economic crisis, brazilian exports were some 8% higher than the same period last year, with USA receiving 2,834 ton. This may be the reason for brazilian prices stability and even a strenghtening trend. Actually this week all the markets were more active and prices were told upwards in all origins. Prices reported as Vietnam 550 at U$D 2,020 - U$D 2,100 range, 500gl at U$D 1,870 - U$D 2,000 while India MG1 U$D 2,375, Lampomg ASTA U$D 2,200. Brazil was asking U$D 1,900 for B2 -500gl and U$D 1,950 - U$D 2,000 for B1 560 gl.
CLOVES 2009-03-08 Pepper The biggest issue at the begininng of this year 2009 was a major absence of buyers specially from traditional markets as Europe an USA. The strong downfall in general consumption reduced the needs for immediate coverage and the long advised earlier crop from Vietnam slowed down the purchasing interest. As a result prices felt continuosly during the month of February. Brazil was steady - cheaper at the begining, slightly higher at the end of February when Vietnam started to offer newcrop shipments. India prices experienced the biggest fall - around U$D 500 per ton - some 20% compared to the last days of January. March started stable and even some light upwards trend was felt from Vietnam. However it seems that at this moment the availability of pepper is bigger than the demand so it will require a high skill from the sellers to try to mantain the present price levels for some time. Todays price levels are told in U$ 1,800 range for regular qualities, and U$ 2,000 for top (ASTA) qualities. Cloves Contrary to the pepper, Cloves are facing a big shortage with prices ready to explode at any moment. Political problems in Madagascar and reduced production in India, help?d prices to rise some U$ 500 pmt since December. Brazilian harvest is over and the remaining stock is small as are the stocks (if any) in Zanzibar and Comores. Check the good article from The Hindu Business Line. 2009-02-07 UPDATED PRICES
FEBRUARY 7th 2009-01-24 Brazilian Pepper prices rised at growers end
pushing thus the export prices around U$ 100 per mt. Even at these levels
the profit margin is very narow if any so not big interest developed among
the exporters. What was seen than was a lack of iterest to sell. 2009-01-19 The trade of Black Pepper from Brazil was very
complicated this beginning of the year. 2009-01-08 UPDATED PRICES
JANUARY 8th 2009-01-06 Wish you All a 2009 better than 2008... January is strating slowly with a big
uncertainity of the future. In Brazil activities are beginnig in a
lazy mood, affected by the lack of enthusiasm of December. Check here for AnandRathi Pepper Market Preview 2009 UPDATE ON PRICES
JANUARY 7th 2008-12-09 We are reading some reports with contradictory opinions. The bottom-line is that prices in Brazil reached their lowest level in 3 years and the ex?ports in the port of Belem very slow. However what is determining eventual good offers is the dollar rate. Neither the growers nor the exporters seem to be very pressionate to sell as their financial situation is not bad due to recent high prices and good profits which gave them a good financial stability up to the point that due to the market low activity most of the big decided to close earlier this year for the season holidays. The next 10 days are the last chance to buy a good deal from Brazil as most of them will close on 18th to return only next year. Nevertheless if the dolar rate will slide the offered prices are most likely to jump immediatelly. Read our comment "Doubts about pepper market"... 2008-11-29 A new concern for the brazilian spices
exporters at the moment is the rising number of un-paid contracts. 2008-11-27 For the last 15-20 days Brazil is the best
priced origin for Black Pepper. 2008-11-08 Market was absolutelly dull Cloves 2008-10-25 A stream of bad economic news, every single day this week almost paralized not only spice market but all commodities markets around the world. At the Sial Food show in Paris were many players reunited no business was discussed. The biggest issue now are payments and possible defaults. On the suppliers front with dollar rates shifting almost 5% a day up and down it is impossible to figure out a selling price without a huge risk of loss. Brazilian exporters do preffer a stand-by position until the market clears up. However there will always be someone who need cash so rare these days - so opportunities will occur. However deals must be decided, closed, paid and shipped fast - better say urgent, within days time-frame as the markets and currencies change fast. Just an example about the price formation: 2008-10-17 The financial turmoil caught all the brazilian players while the harvest is in full swing. The exporters are getting a hard time trying to understand and position themselves. However up to this moment no panic or likewise feeling arised. They simply stay out of market hoping it will clear up soon without any hurry for immedite sales. Sooner the biggest issue was Vietnam, where, after reported almost fully sold, all of sudden droped its prices sharply when it was expected to step out of the market. The surprise was big - so it seems that Vietnam?s crop this year was much bigger than anounced. Than it came the first crash on stocks and in Brazil the sudden rise of the dolar rate. In two days almost 2,000 tons were sold at 2,200 and 2,300. The third day the dollar drop back and the pepper price rised back to the around 2,700 level. Banks The last 10 days the banks shorted up the credit lines. Brazilian pepper exports were always based on short term credit line as in a normal sale a 60 days turnover is financed by the bank. Without this line exporters need to have some share of the payment to be received immediately to minimize their risks. So 30% or even 50% is essential for their security. Most of brazilian exporters of spices are not used to hedge the dolar rate. So they wait. It is possible that one or another exporter may need some immediate cash and accept to sell a lot or two at a much lower price but this is rare as most of them have a good financial situation at this moment at least. So their sentiment (and the trend) is upwards at the moment. Some rumors spread over the midia try to transform exceptions into trend but it smells fake to some extent - looks like a trial of manipulation. Exporters inquired today, both, from Belem and Vitoria reported fob prices t for b1 560 gl in between 2,700 - 2,800 for November shipment. 2008-10-06 Brazilian
Pepper market did not work today. Monday markets opened with the
dolar rate sky-rocketing - 6% in just 2 hours trade and the stock
exchange falling 10% in 1 hour, halted and than falling 15%
suspended trades again for 1 hour and loosing 12% after the second
re-opening. Banks stepped out of dollar terms purchases so there was
no real condition to figure out any price for pepper exports.
Meantime growers were asking higher nad higher price up to R$ 4,90. 2008-10-05 The week for peppertrade in Brazil was a tough one. Dolar rate and stock exchange jumped up and down at rates of7% a day as in all world. Unstability was the issue. Import market desapeared with all holidays plus the lack of definition on USA economic development. All these factors rised the prices at growers level. Exporters stepped back. Anyhow the demand desapeared too. On friday some enquiries appeared. Nevertheless firm offer in such behaviour is a very risky deal. Serious sellers did not want to take this risk. Despite several publications abroad noticed, Brazil was never offering firm and prices such as 2,700 or 2,800 were merely nominal and informed by brokers with no real base or commitment. We do believe that on monday when markets will start to search normality brazilian prices will be around 2,900 - 3,000. It was also reported that Vietnam eased prices in some 100 dolars. This may be a good deal if they ship. The Hindu Business Line today: 2008-09-30 September 30 -
Rosh Hashanah 2008-09-29 UPDATE AT
18:00 hs CRASH ! 2008-09-27 Friday in Brazil looked a holiday.
Selleing interest vanished in hope of even higher prices. Talks were
about 2,700 for B2 500gl, 2800 for B1 560gl and 2,900-3,000 for ASTA
grade. 2008-09-25 Some exporters started to sell today
early morning. Prices started at 2,525 than 2,585 later 2,650 and
than exporters stepped out again as farmers became too eager. 2008-09-24 Brazilian exporters were unable to
offer yesterday because farmers decided to wait expecting better
prices. 2008-09-22 Importers from all countries were
looking for offers today, possibly excited with last week offers.
However not many exporters were willing to commit as U$D dolar rate
trend was unclear. By the end of day some few exporters were talking
somewhere in between U$D 2,600 / 2,700 fob for B1. However no great
interest to sell could be felt as now prices expected to rise
furthermore. This could have been a good deal but tomorrow it might
be non available anymore. As per brazilian exporters the trend is
frankly bullish. 2008-09-21 The dollar rate closed at the higest value in one year this thursday in Brazil - R$ 1,92 and immediatelly fell down to R$ 1.82 on friday. Exporters stepped out and no price was available from Brazil. This moday, Sept 21 the dolar rate opened i a strong down trend offered at R$ 1.79.
Acording
Business Line
Sept 21, latest quoted prices of various origins available on Saturday
were Vietnam Asta $3,085 (c&f) US traded. MG 1 Asta traded at
$3,150-3,250 (c&f) New York, Brazil Asta $2,650 a tonne
(f.o.b.). Brazil B 1 was at $2,600 a tonne (f.o.b.). Vietnam
white pepper (double washed) was offered at $4,350 a tonne (c&f)
New York... 2008-09-20 The dollar rate closed at the higest value in one year this thursday in Brazil - R$ 1,92 and immediatelly fell down to R$ 1.82 on friday. Exporters stepped out and no price was available from Brazil.
We analize the american imports updated
to july and find a room for some possible bulish trend. Click here.
2008-09-19 The dollar rate closed at the higest
value in one year this thursday in Brazil - R$ 1,92. However some
indicators pointed a possible downtrend for next friday opening.
Anyhow banks antecipated the rush for the american currency by
rising discount interests from 6% to 10% (yearly). This combined
action reduced pepper exporters pressure to sell and prices rose
around U$ 100 per ton average if any offer was found. It looks that
the golden oportunity of very good purchase vanished as fast as it
happened. Nevertheless it is reported that around 2,000 mt (metric
tons) were sold during the last 3 days, most of it to big traders in
Europe. 2008-09-16 It is not so recently that we have
been warning the spice industry people about the problems not
directly related to our industry. 2008-09-14 The currency was a
major factor this week. After long time of weakness the
american currency started to rise due to financial troubles in USA.
2008-09-10 Further to the american dolar strong rise these days most origins dramatically dropped prices. India reported to have offered todau at U$D 3,075 MG1 cnf Europe. Understandingly buyers step out cautiosly. However our feeling is that if the dolar rate revert its course prices will immediatelly jump back. Possiblyt this may be a good moment to buy some needs. Brazil and Vietnam at pair with prices between 2,500 and 2,600 for 500gl and 560gl. 2008-09-07 Pepper prices droped this week even from Brazil but the buying interest remained unchanged. Sellers hope it may resume from now on due some needs of coverage until next year but this is also uncertain. Anyhow according the latest staistics update brazilian exports recovered some - this year August showed an export of 2,300 mt against 2,800 in August 2007. But in totals brazilian exports this year are way below last year - 17,5 kmt against 26 kmt last year. In Brazil this week prices dropped to U$D 2,650 for B2 550 gl and U$D 2,750 for B1 560 gl at pair with Vietnam. India also decreased but Indonesia is reported as steady at U$D 3,450 possibly due to short crop expected to be less than 10,000 mt. 2008-08-25 Market still dull - time has never been so slow as players are waiting for september to come with some more activity. In Brazil the crop is being harvested and some selling pressure may be sensed but only from the exporters as growers dislike the lower price levels. This week started with lower rices at farmgates around R$ 3,30 /kg but immediatelly as exporters entered the market the asked prices jumped back to R$ 3,90 /kg as the week ended. Some sales were reported unconfirmed though ASTA at U$ 2,970 and B2 500gl at U$ 2750. Generally prices must be considered as U$ 3,000 for ASTA. U$ 2,900 for B1 560 gl and U$ 2,800 for B2 500 gl. UPDATE ON Tuesday. 26th According THBL today?s report Indian parity came down to U$ 3.350 fob. Vietnam FAQ 500 GL was quoted at $2,740 a tonne (fob) while V Asta at $3,100 (fob). Brazil offered B Asta at $3,000 a tonne (fob) and B1 560 GL at $2,900 a tonne(fob) for Europe. There was no buying interest from the US. The Hindu Business Line... 2008-08-23 Market still dull - time has never been so slow as players are waiting for september to come with some more activity. In Brazil the crop is being harvested and some selling pressure may be sensed but only from the exporters as growers dislike the lower price levels. This week started with lower rices at farmgates around R$ 3,30 /kg but immediatelly as exporters entered the market the asked prices jumped back to R$ 3,90 /kg as the week ended. Some sales were reported unconfirmed though ASTA at U$ 2,970 and B2 500gl at U$ 2750. Generally prices must be considered as U$ 3,000 for ASTA. U$ 2,900 for B1 560 gl and U$ 2,800 for B2 500 gl. 2008-08-15 We realize today new statistics for Brazilian July and USA June pepper exports updated. Overall American market seems to be well covered at least until september: the total imports Jan - Jun are some 5% higher than the imports in 2007 and 2006. The international purchases market continues dull - well its summertime and there are olimpics too - so we do believe that market mau warm-up from september on. Regarding quality Brazil has the best quality rating in the last 12 month with only one detention for salmonella, compared to 48 detentions for India?s origin. Vietnam with 2 and Indonesia with 3 are in the middle. Prices C&F New York MG 1 $3,675-3,725, L Asta at $3,700-3,750 a tonne, VAsta at $3,500 ,Ecuador EAsta at $3,500 a tonne (c&f). Brazil Asta $3,000 fob - $3,150-3,200 c&f NY, B1 $ 2,950 fob and $ 2,850 B2 500 gl fob. Click here for the full commentary... 2008-07-31 Some exporters in Brazil
droped prices sensively trying to fight for a share in the market,
since Brazil has not been active the last months and the new crop is
beginning to arrive. 2008-07-22 The market is full of reports that bring a
sentiment of bullish. Pepper in Brazil is facing a very
disapointing year. From January to May 2008 only 13,000 mt were
shipped compared to 17,400 mt last year.
The last months of april, may and the beginning of
june have been tough to sellers as the deals slowed down sharply. PEPPERTRADE EDITOR 2008-04-03 Completing the downwards move started the last week of March, prices stayed steady one degree below: Vietnam 500 gl at 3,500 average, 550 gl at 3,700 fob; Brazil with 3,600 for B2 500 gl and 3,700 for B1 560 gl. Lampong was said to be around 4,050. India is always going up and down but that?s domesticaly. Average is 3,850 fob. However the week started very dull - no trades at all - at least from Brazil. In Brazil the remaining stock is estimated in 8,000 mt. In time: there is a strike of the Financial Ministry workers happening in Brazil and lasting already for 15 days. All shipments are delayed and an enormous traffic stocked in the port of Santos where over 30,000 containers are parked. 2008-03-28 After starting the month of March as the cheapest origin for Black Pepper, Brazil is finishing the month being the most expensive origin pricewise. Vietnam prices plunged sharply touching U$D 3,500 for the 500gl as the week ended. Brazil did not follow despite uexepected stregnhten of the dolar rate and stayed at 3,650 for B2 and 3,750 for B1. However on friday afternoon growers eased theyr prices some. Too late for any deal this week. Click here for a deeper analisis. 2008-03-15 In Brazil market was dull all trough the week. However on thursday and friday U$D rate rised and prices eased a little. That was enough to some deals happen. U$D 3,900 for B1 or ASTA and 3,800 for B2 500gl was the pattern on friday. 2008-03-07 Pepper prices firm all the week
with some more buyers interested. 2008-03-01 Pepper market confirmed the
trend and is moving up firmly in all
origins. 2008-02-27 Pepper exploding again in all
origins. 2008-02-21 Pepper in Brazil firmer the
last 2 days. 2008-02-17 Well, possibly after several
different and long holidays all over the world the 2008 spices market will
start. 2008-02-01 Market dull overall 2008-01-19 Pepper market
situation cotinues its bullish ride, leaded by
speculators in India, as the indian harvest is the
ruling activity of the moment.
Cloves 2008-01-09 Pepper market switched
dramatically overnight ( as we were warning our clients
already in the last days). Click here for a new report on Vietnam 2008 crop 2008-01-07 Black Pepper Brazil is returning to business slowly, recovering from the holidays. Many talks today that prices may rise sharply. India was quoting U$D 3,900 while Vietnam 550 gl was at U$D 3,480 and 500 gl at U$D 3,300 Click here for a new report on Vietnam 2008 crop Cloves New crop cloves are slowly coming to the market. As we mentioned before the problem with brazilian cloves is the drying process which is very slow. The first week of the year showed a strong bullish sentiment among the growers despite buyers ( exporters) absence due to holidays. As a result export prices jumped to U$D 4,800 and further to U$D 4,990. An increase of 25% compared to one week before. The exporters stepped back and left the market. Now the strategy might be the back to back deals. However this depend on bids. New reports say that the harvest is smaller than originaly previwed - between 4 and 5 thousand tons. We believe that bids below 4,700 wouldn?t be considered at this moment. 2007-12-24 Dear Sirs So the year came to the end. As we said above we wish you all Merryxmas and a Happy 2008. Now the bad news: Brasil is not active this week as the holidays will last until the beginnig of the January for most of players - some will be back on the 2nd aome only the 7th. Black Pepper Good offers that apeared last weeks are over. As we said that was an opportunity as some of the exporters had to honor export comitments before the end of the year. Now all the exporters and growers are expecting strong rise in the prices in January due India?s shiort crop and Vietnam delayed crop. Target is above U$D 3,400 fob. Cloves Cloves market stopped also due to absence of traders. However in the last days possibly 600 to 1,000 mt were traded at an average of u$d 4,000 pmt FOB, most of it without stock coverage as the cloves are arriving to the market only now. Cloves in Brazil are harvested during a raini season in Bahia which makes tough the drying of the product Although the drying system in Bahia is under a metallic roof some sunchine and sunheat is needed. That?s the reason for the specific oficial moisture of Brazilian cloves to be 16%. So the production is delayed and we believe that first lots will not be ready for shipment before 15 January. While cloves are drying they are still in posession of growers even is thay are already paid by exporters. This gives the growers the oportunity to default the delivery is prices rise strongly - and this is exctly what is happening at this moment. So some defaults may be expected on booked contracts as well as a sharp rise in prices from begining of January. Hope to merrit you continuous support in 2008 Michail Wagapoff 2007-12-15
Market in Brazil
absolutely unactive this month of December. 2007-12-05 Pepper 2007-11-27 Two weeks ago, on November 14th
we wrote that it was suposed to be a lazy week in Brazil due to long
holidays. 2007-11-14 Holidays in Brazil from November 15th to November 20th It?s a very lazy week in Brazil as the 15th
and the 20th are holidays with a weekend in the middle, so no big activity
here. 2007-11-09 HAPPY DIPAVALY ! The week was dull as for trading. While pepper authorities were gathering in Kuala Lumpur, market interest vanished being that of sellers or buyers. Prices in Brazil eased a bit as well as in India. Average brazilian prices came down to 3,400 fob despite the brazilian currency moving stonger day-by-day. Vietnam was reported at 3,370 fob for FAQ 550, India MG1 at 3,700 and L Asta at 3,500. The IPC exporters meeting produced a new estimate for 2008 previewing some shortage next year. Click here to see. We publish also a new graphic for the pepper prices 1986 - 2007 2007-10-27
The 35th
IPC?s Meeting will be hold from monday October 29, to November 2nd 2007-10-24 Pepper market has been extremly volatile with sudden changes as are the India?s exchanges. Last week with many players visiting Anuga exhibition, El Fitr celebrations and a friday holyday in Brazil, some selling pressure started localy with suppliers searching for local market buyers, offering advantageous payment terms. But just a rumor of India?s price rise changed the mood instantly. Local prices rose from R$ 4,50 per kg to over R$ 5,00 in just one day. The U$ dolar rate falling continuously also pushed fob prices up and as a result, fob prices jumped to U$D 3,500 on monday. Some exporters stepped out again and today, october 23 rd some other asked up to U$D 3,800 fob. Reasonable offers at around U$D 3,450 / 3,500 may be found but vanish fast. Aparently the harvested crop wasn?t the expected size and the Espirito Santo year-end crop also suffered lack of rains and will be reduced and delayed to the beginnig of 2008. All put together the number of 30,000 mt for total brazilian harvest in 2007 seems very near to reality. We publish today the updated and detailed statistics for 2007 Vietnamese export until september. Click here. Other commodity that become a soucrce of worries is cloves. Clikc here for an oversight by The Hindu Business Line. 2007-09-30 Pepper prices steady to firm at
origins with 2 excemptions: India where speculative exchanges pull prices up
and down day-by-day and Brazil where some very cheap sales happened over the
last 2 days, giving a renewed base to bears wake up. 2007-09-25 Updating September
25th 2007-09-23 Markets steady and somehow dull. Purchases
happen slowly from USA and Europe. 2007-09-15 Markets continue steady allover with an excemption of India where sepculation always keep prices moving at least at the exchanges. The picture is easy to undestand in graphical mode. Light moves up and down but the main line is straight. The buyers although very discretely are buying and for the time the exporters cash is strong one cannot foresee big changes. Brazilian Proces for B1 between U$D 3350 and 3450 fob. Vietnam 500 gl FAQ U$D 3050 to 3200 fob. 2007-09-05 The black pepper market continues its track
of steady/duliness, with some stronger emotions only at India?s exchanges,
were future prices may vary up to U$D 200 from day-to-day. American and
European buyers are apparently absent. However local rumors in Brazil say
about some very silent purchases by American traders at U$D 3,400 levels for
ASTA grade, under special financial arrangements. From and To Whom is always
ommited. 2007-08-28 Despite rumors and unprecisely informed values
published by some media over the weekend, brazilian price for B1 continues
at U$D 3,350 pmt fob level for B1 560 gl. Altough much lower bids were
received for November / December, exportres refused, choosing to wait and
see where the market will go. 2007-08-22 Once again the buyers vanished. 2007-08-18 Despite the world exchanges turbulence, in
Brazil the week was of great activity and good results. 2007-08-11 This week the prices from all the
origins fell sharply bringing a sensation that it might be a long
downtrack with the arrivals of brazilian and indonesian crops. It?s
still too early to evaluate if the crash in the stock exchanges all over
the world could contaminate the spices market, but the India?s market
analist credit part of the futures fall to this. 2007-08-05 Downward Trend ? - This week we had
heard of some much lower orices in India where ASTA was reported on
wednesday at U$D 3575 FOB. 2007-07-28 Much Ado
About Nothing - Shakespeare possibly knew some pepper market
players. 2007-07-20 Brazilian B1 560 gl continue to be offered at U$D 3,800 pmt but it has been already one month without any important sale. Buyers have no hurry berring on a declining trend in the next weeks. Furthermore summer holidays in Europe do not help market activity. Brazilian northern new crop is beginning to arrive slowly to the market. In India prices occilate as per exchanges mood and sometimes indian ASTA MG1 (U$D 3,700 fob) turns cheaper (not for long enough) than brazilian B1. Generally average prices for ASTA grade are the same: India a $3,925? 4,025 CNF , Vietnam Asta a $4,000-4,050 CNF, Indonesia a $3,950?4,000 CNF e Brazil $3,900 FOB. Click here to see our comment 2007-07-10 Today Brazil was the highest price for black pepper 560 g/l. At the same time that speculation in India pushed spot prices down for India?s MG1 ASTA to U$D 3,700 pmt fob, brazilian exchange rate for U$D 1,00 was the six year lowest R$ 1,88 value which pulled brazilian B1 pepper to U$D 3,800 pmt fob Belem. Nevertheless the buyers market remanined silent. Some reports are in the market again speculating about the trends and enphasizing the bullish issues like that the brazilian crop will be small, that Vietnam is almost all sold, etc, etc, etc.. But the market does not move with exemption of some punctual deals. Apart of the above mentioned prices, were also reported Vietnam 500 gl FAQ at U$D 3,400, Brazilian 500 gl clean at U$D 3,600, Brazilian and Vietnamian ASTA at U$D 4,000 fob. 2007-07-02 The second half of the year begin the same level ar the first helf ended - Undefinied. All the future market expectations are concentrated on Indonesia and Brazil harvests which start now and the buyers existing stocks. On the last day of the week some increased activity was felt especually in Indian market. Possibly in preparation for the coming season. Prices were as at the beginning of June: Brazilian B1 560 - U$D 3,700 FOB, India MG1 ASTA U$D 3,950 FOB. Only Vietnam tryied to push somehow with 500 g/l asked U$D 3,550 and 550 g/l at U$D 3,775 both FOB HCMC No deals however as for our knowledge. According USA reports future shipments are offered by Brazil at U$D 3,850 for September/October and some deals possible were traded for Lampong ASTA at U$D 4,000 FOB. According an atricle from Financial Express from India " Indonesian crop holds the key to pepper prices 2007-06-24 Market essencialy still
stood. Rare reports of small punctual deals. 2007-06-18 Market still quiet waiting for prices definition. Better saying a bearish one. However origins are firm in their intente to prserve the present levels or even push it further up. Aparently american and european operators are still covered in their needs, at least they do not show any panic. Non traditional direct importers ceased their purchase for while too. Some rare deals are reported always at prices below the pair. This week reported sales for Vietnam 500 gl at U$D 3,250 and later at U$D 3,400 From Brasil was possible to get some lots B1 560 g/l at U$D 3,600. The pepper exporters associations from Brasil, Vietnam end Indonesia are articulating a meeting in order to trace a common policy to preserve the prices level. 2007-06-10 Pepper market has been dull for 3 weeks already. Main buyers still firmly quiet and very limited transactions are reported. Some selling sentiment is developing possibly but up to now it is just sentiment. Prices marginally down. Brazil B1 3,700, Vietnam 500 around 3,400 and 560 at 3,650, ASTA at 4,000, India 3,750. Out of Pepper some attention must be paid to Cumin seeds which according the last crop reports may be trailing the black pepper prices path. Chinese fresh garlic new crop season is offering good prices. 2007-05-31 After a sharp fall last week all updated reports indicate a recovery in Vietnam?s prices for the 500 gl, which is said to be offered in a range of U$D 3,550 / U$D 3,600 pmt while the 550 gl is at U$d 3,750. Brazil continues unchanged at U$D 3,750 fob pmt for the B1 560 gl. ASTA reported in the range of U$D 4,000 pmt from all origins but India where MG1 offered at U$D 3,775 / U$D 3,850 depending of the supplier. 2007-05-25 Black Pepper prices in Vietnam fell up to U$D 3,300 for 500 gl and U$D 3,450 for 550 gl FOB. However VASTA reported steady at U$D 4,000. According to The Hindu Business Line LASTA was offered at U$D 3,900 and India MG1 at U$D 3,800. Further watch is needed to figure out if this tendency is solid. Send you comments here... 2007-05-21 For 2 weeks in a row black pepper market has been flat with no buyers interest and still no prices decline could be foreseen in Brazil. Vietnam reported some ease with 500 gl prices offered at U$D 3,600 today. Indonesia also easier - U$D 3,850 pmt Lasta. Brazilian farmers and exporters are holding firm on the 3,800 pmt fob level for the B1 560 gl. possibly due to continuos advises from ABEP that market will continue strong. On the other hand the weakness of the dollar does not help much to accept cheaper prices - it reached the cheapest price in 6 years - today R$ 1,94 / U$ 1,00 This week we publish the new brazilian export statistics for the first quarter. Also USA statistics for the first trimester are available. Send you comments here... 2007-05-14 During all the last week pepper market was innactive as buyers disapeared. In fact some selling pressure was felt in Vietnam mostly for 500gl which prices declined to U$D 3,500 on friday. According some USA experts it may be some adjustment. Nevertheless brazilian B1 560gl insisted on U$D 3,800 - U$D 3,700 even with no sales. Meanwhile lot of talks are happening between some brazilian and vietnamien exporters to keep prices up against what they call " ... pact among the speculators trying to push down prices ...". Its is the first time we witness an organized join effort between competitors to preserve their gains. 2007-05-10 After a strong
rally last week the market suddenly stopped. Vietnam 500 gl for U$D 3,660 / U$D
3,700 / U$D 3,710 / U$D 3,750 and U$D 3,850 2007-05-05
2007-04-26 PEPPER - HERE WE GO AGAIN ! While Vietnam is celebrating the Victory Hollidays Peper Market become a mess of different reports where prices are told with big differences. We know for sure that brazilian offers on 24th April at U$ 3,400 were ignored at the same time that reportedy were booked the next day st over U$ 3,500. It is more than U$ 100,00 per ton ! Looks like nobody cares very much about to loose or winn some bucks in 24 hours. Reports received today from Indian Media traditionally bullish are of steady market while american traders warn on bullish trend. What all this situation causes is to reinforce the growers and exporters belief of an even further bullish market and asked prices go up and up. Last prices we got today were: from Brazil B1 at U$ 3,550 and no offers for B2 500 gl. From Vietnam was said to be U$ 3,700 for ASTA although it?s holliday. India reported some deals at U$ 3,950 and LASTA at U$ 3,900 2007-04-26 PEPPER - HERE WE GO AGAIN ! While Vietnam is celebrating the Victory Hollidays Peper Market become a mess of different reports where prices are told with big differences. We know for sure that brazilian offers on 24th April at U$ 3,400 were ignored at the same time that reportedy were booked the next day st over U$ 3,500. It is more than U$ 100,00 per ton ! Looks like nobody cares very much about to loose or winn some bucks in 24 hours. Reports received today from Indian Media traditionally bullish are of steady market while american traders warn on bullish trend. What all this situation causes is to reinforce the growers and exporters belief of an even further bullish market and asked prices go up and up. Last prices we got today were: from Brazil B1 at U$ 3,550 and no offers for B2 500 gl. From Vietnam was said to be U$ 3,700 for ASTA although it?s holliday. India reported some deals at U$ 3,950 and LASTA at U$ 3,900 2007-04-16 During the last week pepper market exploded, or, quoting The Hindu Business Line " The market overheated and turned fluid" The constant pressure for the new Vietnamian arrivals and longs wish for everrising prices made offers unbearable. Rumors on defaults spread and some sellers stepped out to avoid risks. This morning talks in Brazil where that some sales happened during the weekend at U$D 3,800 FOB. However noone knew who the sellers nor buyers involved. Later during the day market eased somehow with some longs offering firm limited lots at U$ 3,500 /mt average still with a very short validity and immediate payment terms to protect against new price rush. Looks like we´ll face a new crucial week. 2007-04-04 The pepper market turned very volatile again since the last two weeks. Some exporters wirh long positions tryied succesfully to push the market up and the result is that at the moment it is very difficult to get reliable offers at reasonable price as most of the sellers stepped out of the market. Apparently some buyers waited an etxra time for Vietnam new crop arrivals, expecting prices to drop and had run out of coverage at this moment. However no significant interest from buyers has been seen as they still waiting for prices to come down in the next days. Meantime the bulls are not loosing time: this week a brief statement by the Chairman of Brazilian Pepper Exporters Association that pepper prices may possibly rise up to U$D 5,000 was published by Peppertrade and reproduced by Commoditiescontrol.com fueling the bullish trend and generating India´s futures prices increase of U$D 125 / 150 per MT. This monday Vietnam 500 g/l at U$D 2,650 and Brazil 560 at U$D 2,750 were asked but some sales from Brazil were reported at U$D 2,675 for B1 560 for specific deals. UPDATE ON APRIL 5th 2007-03-24 After several weeks of relatively steady and calm, market moved all of the sudden in the last 3 days. Vietnam moved up to 2,720 for ASTA and 2,550 for 550 g/l immediately followed by Brazil with 2,650 for ASTA and 2,600 B1 under the very early reaction. Immediately most of brazilian sellers stepped out of the market in a waiting for development attitude. B2 and 500 g/l are more reasonable from both origins: 2,350 / 2,450 if a seller is found. 2007-03-10 PEPPER: Market is beginning its normal activity after along period of several holydays. Despite buyers wishes of bearish trends it looks more steady and stable than downtrended. Vietnam pepper prices are relatively stable this week, apparently new crop picking is just starting there. Nevertheless it is most unlikely that Vietnam exporters will be agressive in this beginnig of the season, mostly because they have no reason for that. India seems trying to adjust their prives down but than they will depend of imports to supply thei local market further on in June, July. Indonesia and Malaysia do not seems worried about their prices. On the other side Brazil may have some in between of 5,000 mt to 8,000 mt carryover stocks but it is very difficult to obtain a suitable price mostly from Belem area. Growers, reluctant are asking the parity of U$ 2,150 /mt at farmgate. It is easier to get better offers from Vitoria port. CLOVES: Prices for Brazil, Madagascar and Comores are at around U$ 3,500 /mt. ALLSPICE: Brazil is the origin to be negotiated at the moment. Mexican stocks are almost gone and the prices tend to go over U$ 3,000. Check here for more... 2007-03-03 Activity is increasing in the pepper market with origins trying to mantain prices level or to increase further after long heoliday period, supported by a variety of articles spread around in the specialized media. However buyers are very cautious expecting some bearish sentiment based on the new Vietnam crop. Some deals are heppining however very silently. This week Vietnam was aking 500 gl at U$D 2,400 and 550 g/l U$D 2,500. Brazil is asking U$D 2,650 for ASTA, U$D 2,550 for B1 and U$D 2,450 for B2. However some oportunities may be found at some 50 U$D discounts. We heard of some bids this week at U$D 2,300 but absolutely ignored by the exporters. 2007-02-17 Market extremely dull with buyers waiting further repositioning after Vietnam starts offering new crop in full swing. Some deals are happening however with american buyers very discretely, and India´s players always trying to vreate bullish sentiments mostly to push their local futures market.
Vietnam and China are out of work
due to Chinese New Year. Brazil out of work for Carnival. 2007-01-22 The Black Pepper prices in Brazil are gaining some strengh and slowly rising upon acceptance of buyers. Last week B2 500 g/l rised from average U$ 2,250, monday to U$ 2,340 asked on friday. ASTA grade went to U$ 2,600 from U$ 2,500 asked monday. According to The Hindu
Business Line there have been reports of
a sharp fall in the Indian new crop, which is projected at around 40,000
tonnes as against a domestic demand of an estimated 50,000 tonne. They also
report that "... According to reports
from Vietnam, it has raised the prices and is offering at $2,775 a tonne
(c&f), while Indian parity is at around $2,900 a tonne (c&f).The
international players who had been waiting for the prices to fall after the
new Vietnamese crop hit the market seem to have turned towards India.
Contrary to the rumours, the new crop from Vietnam is likely to arrive in
the markets only by end February/March as harvesting will reportedly begin
after the Vietnamese New Year day in Feb, market observers told..." 2007-01-11 " Indian crop looks very bad. New arrivals have shruken to unbeleivable lows. There is virtually Nothing coming out from the growing areas. Nevertheless, lot of cargo is getting booked and is leaving from there itself but that volumes is also minisicule in comparison from previous years. Most buyers depend on Vietnam for now on until Apr/May. We dont see an urgent rush to sell from any origins. If at all that comes thro, feel there will be buyers to pick them up. For sure, Indian crop is worse than expected though we are still midway thro harvest and atleast 2 or 3 main areas to be harvested until the next 8 weeks or so..." We receive reports from India betting that prices will rise . Apparently harvest is delayed and weak and, possibly, India will import heavily from March - April on The new harvest from Vietnam may be available for shipping from the second week of February. However we'll have the THET festival on the second half of February and the most certain is that shipments actually may begin in March. Brazil still has a stock of some 12,000 mt, but the exporters, with few specific exemptions are not very enthusiatic about to sell now. There is no buying pressure from USA nor Europe. The only significant interest is felt from gulf and orient countries. 2006-12-09 Market absolutelly dull with no trade. India reports prices that are very uneven: some say prices were offered at U$ 2,375 other U$ 2,525 for MG1. Brazil was asking U$ 2,450 for B1 although some say there were trades at U$ 2,300. Anyhow we do not see buyers interested at this moment. This week some brazilian growers and exporters visited Vietnam inland to evaluate the new coming crop. As usual they will probably report a shortage. That?s for marketing. The Hhindu Business Line wrote on December 8th: "In the international market, the buyers are waiting and watching the situation even though there are only two sources viz., India and Brazil. Others, mainly Indonesia and Vietnam have not much to offer and, hence, quoting prices much above the Indian parity. Indonesia was quoting $2,900 a tonne (c&f) while Vietnam was offering Asta grade at $2,775 a tonne. Brazil said to be quoting at $2,425 a tonne (f.o.b.) while the Indian parity was at $2,525-2,600 a tonne (c&f). But, there are no takers even at these rates. The reports that Vietnam will have an early harvesting and Indian new crop will hit the market soon appear to have enthused the overseas buyers to hold back till that time." However a report received from other source in India said: "Pepper takes a big fall in India. Today, prices lower by almost $ 80 ~ 100 PMT with lots of selling pressure in ready pepper emerging as futures plummet today. Prices nosedive heavily with panic among sellers. As contract expiry nears in the exchanges, panic among longs pushing prices down and down. Indian MG I at $ 2375 PMT CNF at cls. Buyers could attain lower prices with a firm bid since exporters feel the pressure of pepper here." 2006-11-30 India falls big! That?s the title of a message we received today Prices down as bulls exit long position at the exchanges which triggers of the fall. Pepper - physical delivery just a little softer. Indian MG I prices in the range of $ 2650 / 2600 PMT CNF for shipments Dec II nd half / Jan I st half. In Brazil market absolutely dull with prices at farmgate asked R$ 4,40 and FOB U$ 2,500 altough some lower priced offers may be negotiated. However buyers disapeared. 2006-11-13 In general Pepper pepper markets eased a bit in the last 2 weeks. Possibly due to cloeser arrival of new crops from India and than Vietnam or to the fact that some biggest purchasing seasons have passed such us Rahmadan, the fact is that all origins eased slightly. India with a parity of U$ 2,800 and Indonesia below U$ 3,000 showed some selling pressure. Many rumors about Brazil sharply dropping its prices with some saing that asked U$ 2,250. However as for our knowledge this is not true as we checked no friday with more that 12 exporters, growers and local market dealers and nobody have heard of such prices. If this happened, that could be an occesional exporter in bad need for cash. Prices at growers continue firm with farm gate asked at R$ 4,50 which represent U$ 2,10 per kg which would equal to at least U$ 2,600 /ton FOB with no loss. 2006-10-30 The week after the holidays begun in very bearish mode, with India selling at between U$ 2,600 and U$ 2,700 /mt CNF, possibly due to the futures strong fall at the end of the last week. Apparently today futures market showed some signs of a light recovery, mostly because the export price was very well accepted with a number of contracts booked. However this was the cheapest price in the market because Brazilian exporters did not realize the actual tendency and after the lazzy week where not able to react asking prices between the same U$ 2,600 and 2,700 but bot B1 sort and FOB basis. Further info said Vietnam was asking U$ 2,500 for 500 g/l and Indonesia U$ 3,000 for L-Asta. Things may invert tomorrow with Brazilian prices possibly droping and Indian parity rising up due to easy sales today. However buyers seems very carefull in taking positions, following market evolution very closely. This week another holyday on thursday will stop Brazilian markets for a long weekend. 2006-10-23 This week 22nd to 30th October some special events may slow down the spices trade: * END OF RAHMADAN - EID EL FITRI * DIWALI FESTIVAL * SIAL FOOD SHOW IN PARIS Markets are expected to stabilze these days for a while Prices in Brazil U$ 2,550 - U$ 2,750 FOB Prices in Vietnam U$ 2,500 - U$ 2,800 FOB Prices in India U$ 2,900 - U$ 2,950 FOB Prices resellers M/L/S/V in USA CIF Oct/Nov/Dec U$ 3,000 - U$ 3,400 2006-10-07 The week was full of rumors but weak in deals. Here we selected shortcuts for the main issues:
- The
last 3 days prices falling in India The
Prices asked in Brazil where at the level of U$ 2,600 / U$ 2,700 FOB but not
many deals reported. 2006-09-30 The prices plunged last tuesday / wednesday and stabilzed thereafter cause some exporters entered the matket to buy but not big quantities. As the week came to the end some exporters are trying to rise the prices again. There were reported sales at U$ 2m300 for B2 and U$ 2,400 on Wednesday and Thursday but Friday some exporters were talking about U$ 2,600 and U$ 2,650 for the B1. Meanwhile we heard about some re-sale deals in Europe, with sellers releasing good profits on stocks bought some month ago. Just as a parameter below the prices from The Public Ledger on July 18th and today, September 29.
2006-09-26 UPDATE SEPTEMBER 26th Market extremely volatile this week. While The HBL reported futures down yesterday and up today, in Brazil prices fell sharply at growers with no interest of some international exporters who were supporting prices rise. as a result in some cases prices fell below R$ 4,00 at farmgate - a drop of 25% compared to last friday. Export offers today at U$ 2,600 and even at U$ 2,500 FOB for B1 for close shipment were reported.
Weekly Highlights
2006-09-17 Todays pepper market picture September 17th, 2006 Market in Brazil was
very volatile and very tough to work. New crop is arriving but
farmers are holding it as they watch prices rise on almost hourly basis.
From the friday last week till the end of this, prices climbed from R$
3,00 to R$ 5,00 and even at this level it?s impossible to get real
offers. Many short exporters are trying to cover themselves and farmers
are feeling strong. Many rumors and reported but unconfirmed deals of
sales at U$ 2,900 and U$ 3,000.
2006-09-07 Update on 7th September Today?s September 7th is the brazilian national holiday so markets are closed and most of the players will not return to work until next monday september 11th. Tomorrow is reported a holiday in Pakistan and is friday with most of Muslim countries not working. Hope market might come down a little. Todays pepper market picture September 6th, 2006 Market in Brazil became absolutely insabe under strong speculation. Today?s prices bidded to growers were said to be over the parity of U$ 1,900 at farmgate which equals around 2,500 FOB. It is difficult to obtain serious offers as everybody is unsure of whether they did a good deal or not. The worst part of this situation is that some robery occured with assault to trucks transporting pepper, so some exporters begun to hire armed guards to protect the cargo, which increase the cost furthermore.
Read full comentary here... 2006-08-30 Todays pepper market picture August 30th, 2006 12:30 AM Market open monday
in Brazil under strong speculation and prices rapidly rised to U$ 2,100
FOB for B1.
Read full comentary here... 2006-08-26 Todays pepper market picture August 25th, 2006 The week begun stable and calm but by
wendsday growers finaly got their prayers accepted in Brazil. EDITOR PEPPERTRADE 2006-08-11 Todays pepper market picture August 10th, 2006 Market relatively
steady with many buyers from everywhere but USA. EDITOR PEPPERTRADE 2006-08-10 Todays pepper market picture August 10th, 2006 Market relatively
steady with many buyers from everywhere but USA. Some discrepancy in price information may be seen here. However our information is straight from sources and the contracts we saw were at 1,750 for BB2, 1,800 - 1,850 for BB1 and none for BASTA EDITOR PEPPERTRADE Pink Pepper Pink Pepper
CLOVES
Last week we
reported a situation of Cloves Market that showed a certain bullish
trend
JAN 31,2006 |
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