| |
|
|
↑ Grab this Headline Animator |
|
Weekly
Highlights
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.
CLICK HERE FOR WEEKLY HIGHLIGHTS ARCHIVES |
|
CLICK HERE FOR FULL MONTH
CHART
COMPARE 2010 TOWARDS 2009 |
|
|
|
Today from Cochin-
Sep 03 |
|
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.
|
|
|
|
COMPARATIVE
CHART FOR BLACK PEPPER PRICES 2007 / 2008 /
2009 /2010 |
|
|
|
Average
prices mix of Brazil, India and Vietnam, 500gl, 560 gl, ASTA, from Peppertrade databank |
|
|
|
CHECK HERE FOR THE 37IPC REPORTS:
VPA
PEPPERTRADE |
|
|
|
Advertisement Spaces at the
2010 IPC Delegates’ Directory, now available! |
|
|
|
|
|
IPC - WPB Week
#
34/10, 23 – 27 August 2010
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 |
|
|
|
|
www.ipcnet.org |
| |
|
News
|
|
Sharp rise expected in clove, pepper prices
2010/09/06
Pepper to stay hot on tight supply
2010/09/06
Spices drift downward, black pepper post gains
2010/09/06
Pepper futures hit upper circuit
2010/09/05
IPC Weekly Report August 30 - September 03
2010/09/04
|
 |
|
ARCHIVES: LISTS ALL
PUBLISHED ARTICLES
|
|
|
|
|
|
|
|
|
 |
|
|
