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Weekly
Highlights
2008-06-21
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.
May was even worst with just 1,263 mt shipped. Last year´s May
showed a regular move of more than 4,000 mt.
While Para state mantained its regularity the problem seem to be
with Espirito Santo crop this year.
Nevertheless the growers and exporters still mantaining the price
levels, actualy at the moment, only second to India prices.
Prices in Brazil are still at around 3,350 pmt for B1 560 gl while
Vietnam offers somewhere in between 3,000 - 3,100 the 550 gl.
USA who traditionaly imported from Brazil switched this year to
Indonesia and apparently have its needs covered for the next months.
The new brazilian crop which starts end of July and peaks in
September is said to be good with an estimate of around 35,000 -
40,000 mt.
But if Vietnam will mantain its present prices policy brazilian
prices will have to come down sharply if they want to sell.
However. at least for the moment, neither the exporters nor the
growers seem to worry about.
CLOVES
In the last weeks an apparent interest is building for brazilian
cloves.
Priced presently at around U$D 4,200 pmt fob, the trend may turn
bullish if this interest persist.
CLICK HERE FOR WEEKLY HIGHLIGHTS ARCHIVES |
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CLICK HERE FOR FULL MONTH
CHART
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Today from Cochin |
Monday June 30,
2008
Pepper drops
in India as buyers wait n watch for the time being, although sellers
are not pushing lack of demand tiring sellers and this causing the
prices to weaken.
Sellers could be found for Indian MG1 at $ 3450 PMT FOB levels,
perhaps evein lower against a firm bid.
Monday June 23,
2008
Pepper drifts
in India with lack of offtake hitting prices,still India continues to
be most competitive on asta grades,looks like Indonesia, Vietnam and
Brasil will have to sharpen their edges to effect some sales for their
current crops.
MG1 asta at $ 3425 pmt fob cochin. |
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COMPARATIVE
CHART FOR BLACK PEPPER PRICES BEHAVIOUR 2007 (YELLOW) AND 2008 (BLUE) |
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Average
prices mix of Brazil, India and Vietnam from Peppertrade databank |
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Spices
June 28 2008 Market Commentary |
Spices counter traded on a mix note during
the previ-ous week. On one end Jeera and Turmeric showed made new highs,
whereas on the other end Pepper and Chilli made new lows.
Jeera prices showed good upside on the back of low arrivals and overseas
demand has been shifting to In-dia. Furthermore, there have been crop
concern in Tur-key which is about to harvest its crop in next month.
Even in case of Turmeric prices showed good upside on the back of lower
arrivals and lower production esti-mates. Furthermore, expectation of
good overseas demand from Japan and Middle East in days to come.
Whereas Pepper prices in domestic market showed tad weakness due to
halted demand in domestic as well as overseas buyers. Prices dipped to
Rs.141/Kg from Rs.144/Kg during the previous week as a result of which
futures prices showed weakness. Even in Malay-sia local prices dipped by
almost 2% (.i.e.) from 9,400MR to 9,213MR. But Vietnamese local prices
reportedly holding steady at 46,000DONG.
And in case of Chilli prices drifted down due to arrival pressure in the
spot front. Spot market opened after 50 days and arrivals were reported
to be at 30,000-40,000 bags on daily basis. But prices did not slump
heavily as peop0le are expected good overseas demand coming to India,
especially fro China as its crop has been re-portedly being damaged due
to recent floods.
Alimuhammed Lakdawala
Analyst AnandRathi Commodities.
Read the full report by clicking here...
Read the previous reports...
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WPB Week #26/08, 23–27 June 2008
BLACK PEPPER: The market indicated a bearish sentiment and mixed. In
India, there were some activities in the Commodity Exchange, particularly
for August contract and prices fluctuated with a declining trend. On
Thursday, June 26 however, the price rose on a tight supply situation as
farmers refrained from offloading their stocks and also influenced on a
price rise in Vietnam. On average, prices at Kochi declined by around 1-2%
from last week. In Vietnam, prices of raw material at Daklak stood at VND
45,500 per kg this week, an increase of VND 1,000 from last week’s close. In
Sarawak, local prices dropped by MYR 175 per mt, while FOB prices eased by
USD 100. In Lampung, the market was very quiet and local prices were
reported down by 2%. In Sri Lanka, producer’s prices of black pepper eased
marginally by 1%.
read more... |
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The further access to the full
article is granted to the IPC subscriptors |
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www.ipcnet.org |
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News
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Vietnam to help ease pepper mkt
2008/06/21-FE
IMPORTS INTO USA
2008/06/21-Peppertrade Editor
Spices Short Term Outlook - PEPPER
2008/06/21-AnandRathi Commodities
Vietnam - Pepper Exports May Drop on Rate Increases
2008/06/20-VN Business News
Analisis:
Current pepper situation in india VS other producing countries
2008/06/19-From India
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ARCHIVES: LISTS ALL
PUBLISHED ARTICLES
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BRAZIL
PEPPER PRICE AT GROWERS
U$ 2,80
DOLAR
R$
1,61 |
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PRICES LONDON CFR 21/04 |
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COMMOD |
DATE |
PRICE |
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SPOT |
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BRAZ BB1 |
21/04 |
U$ 3,900 |
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INDIA MG1 |
21/04 |
U$ 3,900 |
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SARW BFAQ |
21/04 |
U$ 3,850 |
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VB 550 |
21/04 |
U$ 3,800 |
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LAMP 500 |
21/04 |
U$ 4,150 |
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BRAZ W1 |
- - - |
- - - |
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VIET DW |
21/04 |
U$ 6,000 |
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MUNTOK W |
21/04 |
-- -- |
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SARWK W |
21/04 |
U$ 5,800 |
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CHINA W |
21/04 |
U$ 5,500 |
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- Vietnam preview 2008 |
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-IPC Report 2007 |
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REGISTER |
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SPECIAL REPORTS
FROM ANADRATHI - INDIA
PEPPER QUARTERLY 01-08
CUMIN SEED 01-08
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