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.
Pepper ends the day
extremely firm propelled by short covering at the
future deliveries. The upward move coming forth at
the close of the session, markets were moving more
or less in a steady range until then. Future
deliveries higher by 4 % than yday.
Spot pepper remains quiet as most traders watch the
future deliveries moving in a very crazy fashion.
Participation mostly from outside traders and
today’s move indicating that many more are still
caught up on the short side which could provide
support for another bout of bullishness.
Whether the same is supported by actual demand is
the biggest question!
Indian MG I ASTA grade parity at
$ 4500 / 4525 PMT
FOB Cochin.
BLACK PEPPER:
The market has gained momentum during
the week and prices increased at all origins except
India as
against last week. In Brazil, Indonesia, Vietnam and
Sri Lanka, prices increased locally as well as in
fob. In India, the
prices decreased during the week, as speculators
exit their position. On average however, the price
still higher when
compared to the price of previous week. In Sarawak,
local prices were stable, while fob price decreased
by 2%, but still
maintained the highest position. The high prevailing
price is mainly driven by the tight global supply
situation. It is
predicted that the situation will continue till the
end of this year. Pepper harvest in Indonesia has
almost completed.
Buyers are anxious on the development of upcoming
crop in Brazil in September/October. Vietnam is
likely to have
almost exhausted their material from this year crop.
It is reported that Vietnam has released around
80,000 mt during
January – July 2010, while production from this year
crop is reportedly only 90,000 mt.
WHITE PEPPER:
The market for white pepper was also
encouraging this week. In Brazil, Indonesia, Vietnam
and China,
white pepper prices increased, Vietnam recording the
highest increase of 6% locally. In Sarawak, local
prices
increased, but fob price decreased by 2%. read more...
The further access to the full
article is granted to the IPC subscriptors
EXPORT FROM BRAZIL
BRAZIL: During 2009, Brazil exported 35,746 mt of
pepper, including 98 mt of ground pepper, worth
USD 91.60 million against 36,585 mt valued at
USD 109.51 million, showing a marginal decrease
of 2% in quantity. However, in terms of value it
was 16%. Export of ground pepper decreased
significantly from 2,222 mt in 2008 to only 98 mt in
2009. During 2009, Brazil exported pepper to
more than 30 countries. The United States
strengthened his position as the main destination,
absorbed 11,081 mt or 31% of Brazil’s pepper
export. Germany placed the second important
destination absorbed 14%, followed by Spain and
Netherland, imported 2,942 mt (8%) and 2,273 mt
(6%) respectively. In terms of unit value, Brazil
received USD 2,562 per mt in 2009 against USD
2,993 per ton in previous year.
IMPORT INTO USA:
In May 2009, the United States imported 5,315 mt of pepper (4,364
mt of black, 320 mt of white and 630 mt of ground pepper). The
import showed an increase compared to imports in previous months,
mainly due to significant increase in import of black pepper from
Indonesia. The import however, was slightly lower from 5,433 mt in
May 2008. During January – May 2009, USA has imported 23,881 mt
(18,179 mt of black, 2,073 mt of white and 3,229 mts of ground
pepper), showing a decrease of 11%, compared to imports of 26,993
mt in the same period last year. Whole black and white pepper
decreased by 11% and 36% respectively, while ground pepper
increased by 14%. Indonesia and Brazil followed by Vietnam and
India were the main sources for black pepper. White pepper sourced
from Indonesia and Vietnam, while ground pepper was from India and
Vietnam.
EXPORTS FROM
SARAWAK
IPC - INDONESIAN
EXPORTS 2009
In 2009, Sarawak exported around 13,100 mt of pepper
(10,450 mt of black and 2,650 mt of white pepper), showing a
marginal fall of around 1.5% from 13,300 mt exported in
2008. Export of black pepper increased by 2%, while export
of white decreased by 17%. Japan, South Korea, Singapore,
China and Taiwan were the main importers of Sarawak’s
pepper. In May 2010, Sarawak isestimated to have exported
around 830 mt (710 mt of black and 120 mt of white pepper)
against 950 mt in May 2009. The export was lower from the
previous months. During January – May 2010, total exports
from Sarawak was around 4,780 mt (3,930 mt of black and850 mt of white pepper), as against 4,590 mt in the same
period last year and registered an increase of about 4%.
In 2009, Indonesia
exported around 50,640 mt of pepper
(39,150 mt of black and 11,490 mt of white),
showing a decrease of 3% from 52,410 mt
exported in 2008. Export of black pepper
increased by 8%, while export of white
pepper decreased significantly by 29%.
In
February 2010, Indonesia exported 2,112 mt
(1,425 mt of black and 687 mt of white),
showing a continuous decrease from the
last four months. This reflected that
available material at the source was very
tight. During January – February 2010, total
exports from Indonesia was 4,683 mt (3,159
mt of black and 1,524 mt of white), against
5,634 mt in the same period last year, a
decrease of about 17%.
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SOURCES
Peppertrade
publishes information obtained through talks,
discussions and public reports and Internet
sites, mostly from:
ABEP
/ Spices Board India / Pepper Marketing Board
Malaysia /
IBI
Spice - US /
Dynamic
Int'l Traders Karachi PK
IPC Int'l Pepper Community
/
ITC-IBD Group India
/ A.A.Sayia & Co.- NY
/
John H. Elton - NY
/
Ludwig Mueller - NY
Jaymeagh
Spices - India
Anand Rathi
Commodities /
SHENG
KIMN HONG SDN.
BHD.- Malaysia /
Monthira Trading Co. - France
VPA -
Vietnaml / RuralNews -
Brazil / SNA - Brazil
/
eAgritrader.com
/ ALICE WEB
Brasfoods / Olam / Mondial I´ntl Trading Agencies / Amberwood Trading /
Among other traders, brokers and agents of the
industry
If you are a
player in spices industry or have substantial
knowledge and wish to share your points with
Peppertrade community, your colaboration is
absolutely wellcome.
gerente@peppertrade.com.br
