PEPPERTRADE WEEKLY
September 27, 2010

Pepper

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.

 

WPB Week # 38/10,  20 - 24 September 2010 

 
BLACK PEPPER:
The trading was sluggish during the week and prices decreased at most of the origins with the exception of Sri Lankan price. In India, slight improvement in trading activity was indicated in the Commodity Exchange, particularly for November contract. Prices however marginally decreased in spot, fob as well as in futures prices, by around 1%. A slight drop was also observed in Lampung and Sarawak. In Belem, local prices were relatively stable, white fob prices decreased by 1%.
 
WHITE PEPPER:
In Bangka, white pepper price decreased, by 3% after experiencing an increase during the last week. In Sarawak, prices were stable both in local as well as fob. In dollar terms, the local price increased by 1%.
In Vietnam, local price was stable, while fob prices increased by 4%. A slight increase was also reported in Brazil.

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Volatility continues in pepper market  
Pepper market was not different this week also. It remained the platform for the usual "tug of war" between the bull and bear operators. The prices were being pushed up and down. Citing lack of demand from overseas markets on the one hand and increased availability on the other the bears were pulling the market down while the bulls were pushing it up using the opposite strategy...

A Report from Vietnam: Weekly Market Comments  
The local market was slightly weaker during week. Oversea buyers failed to follow the current levels of pepper from most of the origins. Brazilian exporters are now quoting ASTA pepper as the same levels as Indonesian ones.

Pepper rebounds on buying support   
Pepper futures bounced back on Friday with all the contracts moving up substantially on lack of selling pressure and good buying support. When the players wanted to buy back there were no sellers

India Pepper Rises Further On Fresh Buying  
NCDEX Pepper surged further lead by fresh buying. The benchmark Pepper October delivery gained by Rs 195 or one percent to the session high of Rs 19270 per 100 kg. The counter is currently trading at Rs 19216, up Rs 142 or 0.74 percent from the last close. The open interest added 1.31 percent to 13,471 tonnes from 13,294 tonnes as on last day.

Imports of Pepper into Germany  
In June 2010, Germany imported 2,525 mt of pepper (2,405 mt of whole and 120 mt of ground pepper) as against 2,326 mt (2,282 mt of whole and 44 mt of ground pepper) in June 2009. This quantity was also higher than 2,206 mt imported in May 2010. ... 

Updated Pepper exports from Brazil  
During January - July 2010, total export from Brazil was 17,245 mt worth USD 53.04 million. When compared to exports of 16,084 mt valued at USD 37.87 million in the same period last year, an increase of 7% in terms of quantity and 40% in value were recorded. 

IPRABA September Spices report  

The Vietnam Pepper prices have been stable in the past few weeks with FOB prices ranging from USD 4100/- to 4200/- pmt FOB levels due to tightness in supplies, very limited quantity to sell from origin  and this being held with strong suppliers it is now unlikely to down so easily although on the other hand there is no buying interest at these levels

Cloves Trend
The International Cloves market too is showing a little weakness with Comoros quoting around USD 5100 /- PMT and Zanzibar Cloves new crop also coming down to USD 5300/-pmt and Indonesia is also quoting around USD 6000/- pmt fob levels. 

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When in HCMC, visit phuc minh coffee
R4-46, HUNG PHUOC 4, PHU MY HUNG, HO CHI MINH CITY

 
Cumin may crackle on export demand   
A report said: "Jeera futures edged lower due to lack of fresh triggers in the counter. However, expectation of overseas demand from the European Union, Bangladesh and Pakistan supported the prices. Spot prices remained steady and fresh arrivals are noticed at 3,000 bags compared with previous arrival of 2,500 bags."

Export hopes drive up Cumin prices
 Analysts said tight stocks in the spot markets following poor supplies mainly led to a rise in jeera futures, but hopes of higher sowing following good monsoon rains capped gains.

 
Chilli Hits Upper Circuit On Bargain Buying, Lower Arrivals  
On monday sept 20, Chilli futures spurted sharply lead by bargain buying amid lower arrivals. The anticipation of overseas demand aided the commodity to move higher.

 
New hurricane in Mexico drive Allspice prices up
According informations received from Mexico, a hurricane on the week 37 caused severe damages to the Area where the seaport of Veracruz is located, including the zones that produce Allspice Pimiento.

10th Vietnam-China Border Trade Fair 
Between 200 and 250 Vietnamese businesses will take part in the 2010 Vietnam-China Border Trade Fair to be held in Hekou, China from November 26-30.
The trade fair, dubbed "Trade-Investment-Exchange-Cooperation", will have 800-1,000 stands displaying agriculture and aquaculture products, machinery, natural materials, chemicals, building materials, electronics, housewares, garments and textiles, furniture, handicraft, and other services to promote trade, tourism and investment.

Cardamom bounces back   
Owing to changing food habits following improved standards of living, the per capita consumption of this aromatic spice has increased significantly of late, market sources said. At the same time, there has not been a growth in supply corresponding to the demand, they added.

Cloves prices may rise in the near future  
On the cloves side, Singapore traders said Indonesian cigarette producers are expected to take up the country's 80,000 tonne bumper clove harvest this year, leaving the export markets in a tight supply situation. However, cigarette manufacturers have not yet started buying.

 
SIAL 2010 has now an own page in the FaceBook
The SIAL 2010 will be hold in October from 17 to 21 in Paris, France, at the Parc des Expositions de Paris-Nord Villepinte
One of the two biggest food exhibitions, held every two years, the last edition of  SIAL in 2008 gathered 5,500 exhibitors from 101 countries who were visited by 147,860 people from 185 countries, for this year SIAL prepared a marketing innovation, with an own page on the FaceBook, where visitors may obtain all the informations, photos, publish their comments and interact with the administrators.
 
 Check that: http://www.facebook.com/sial.paris

Belgian companies not so punctual when paying  
Belgian companies are part of the least punctual payers in Europe. They only pay 33.5% of all invoices before the agreed date. This is a big difference from Germans (59.9%) and Dutch (51.5%) companies. France with 35% punctual payments also does better. Only the United Kingdom with 24,8% punctual payments scores worse. 

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Online Registration for the 38th Session and Meetings is now open.
The 38th Annual Session and Meetings of International Pepper Community will be hosted by the Government of India  from 8th - 12th November 2010 at Taj Gateway Hotel, Marine Drive, Cochin, Kerala, India.

Limited stalls at International Pepper and Spice Exhibition - November 2010.
 
 An International Pepper and Spice Exhibition will be held during 8th - 12th November 2010 at Cochin, India along with the 38th Session of IPC.
 The Spices Board of India has offered limited stalls for exporters from the IPC member countries to exhibit their pepper products.
 
 Only 10 stalls are available now!
 
 It is a unique opportunity for leading exporters of pepper and other spices to establish new contacts and strengthening their existing business relationship with India and other Countries. The venue for the exhibition is the most ideal please for the exporters to exhibit their products, where the working lunch for the delegates is also arranged in the centre of the exhibition Lawns for maximum exposure and networking with the delegates.
 
 For Stall Reservation and other details visit:
 http://www.indianspices.com/html/ipc_exb.html 

 Sweets & Snacks Middle East confirms leading suppliers
 Bateel and Nadiya Dates have joined this year's Sweets & Snacks Middle East recognising the profitability and growth potential in the Middle East.
 With a total consumption of food and food products at almost USD 4 billion in the UAE alone (source: New Zealand Trade and Enterprise), over 11,000 eating establishments and more than 400 hotels with 66 luxury 5 star hotels in Dubai, the outlook for the confectionery, snacks, baked goods and ice cream industry in the Middle East remains sweet.
  

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