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Weekly
Highlights 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.
Pepper tumbles on bull liquidation at the
back of a slower Indian domestic market as demand slows down with more
availability. Bad news from the stocks and global cues helping the bears
push down prices. Futures slide on offloading by bulls ahead of Feb expiry
which is supposed to be quite big this time.
Futures deliveries lower by more than 3 %
than yday and are trading at the lowest point since about 6 months or so. Indian MG I ASTA grade parity at $
2975 / 3000 PMT FOB Cochin
BLACK PEPPER: The market
was quiet and prices unchanged.
In India, trading was limited.
Some activities took place
mostly for immediate contracts
and futures prices moved up
marginally by around 1%. Local
and fob prices were relatively
stable.
In Vietnam, the market was still
quiet. Buyers and sellers are
waiting for further development,
in anticipation of upcoming crop
in Vietnam. The main crop is
expected to come on stream in
the second half of February.
At HCMC, prices were stable both
for local and fob prices.
In Lampung and Sarawak, prices
were also reported stable
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.
IMPORT INTO GERMANY -
IPC
IPC - INDONESIAN
EXPORTS 2008
Germany imported 2,159 mt of pepper
(1,819 mt of whole pepper and 340 mt of ground pepper) during
August 2008 valued at Euro 5.5 millions, against 2,779 mt in
August 2007. During January – August 2008, Germany has imported
18,930 mt (16,977 mt of whole pepper and 1,952 mt of ground pepper),
showing a significant fall of 3,593 mt or 16%, compared to imports
of 22,523 mt (20,670 mt of whole and 1,852 mt of ground pepper)
during the same period last year. Import of whole pepper declined
by 18%, while import of ground pepper increased by 5%. Vietnam and
Brazil were the main source of whole pepper for Germany followed
by Indonesia and India. Ground pepper was mainly supplied by
Brazil and India
During 2008 Indonesia exported
52,408 mt of pepper worth USD 185.7 million, comprising 36,219 mt
of black and 16,189 mt of white pepper. Compared to export of
38,447 mt in 2007, there was a significant increase of 36%, mainly
black pepper. The significant increase in export, however, not
reflected an increase in production, since the exports were mostly
shipped in the first semester, sourced from previous year’s carry
over. Whiles production in 2008 was reported lower from 2007.
Export of black pepper increased substantially by 58%, and only 4%
for white pepper. During 2008, Indonesia exported pepper to around
40 countries. Major share of Indonesian pepper was shipped to the
United States absorbing 60% of black and 25% of white pepper.
Around 14% of black pepper was shipped to India and 9% to Vietnam.
Singapore, Germany and the Netherlands were also main destination
for Indonesian white pepper absorbing 18%, 13% and 11%
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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
