There is no change from the pepper since last week but the trade trend is weak. Firm interest/bid at nearby could probably work. From Jan to Jul 2018 Vietnam has exported 153k tons of pepper against 146k tons same period 2017. With the stocks from Indonesia, Brazil, etc, it is said that pepper market would hardly bounce back. However, part of the farmers are finding they no longern making money from pepper and start to divert to other crop like avocado, grape fruit trees, durian, etc. Whereas some others are not able to invest further to maintain their pepper farms. There shall be a cut-down of pepper area in the next crop consequently. This will make the supply be corrected.
Export prices today are ranging (subject to re-confirmation):
- VBP 500g/l FAQ: 2400 USD/mt
- VBP 500g/l Clean: 2600 USD/mt
- VBP 550g/l FAQ: 2550 USD/mt
- VBP 550g/l Clean: 2650 USD/mt
- VBP 570g/l ASTA: 2700 USD/mt
- VBP 5mm Bold: 2750 USD/mt
- VWP DW Clean: 3900 USD/mt
FOB Hochiminh
Aug/FH Sep 2018 shipment subject to Seller's final confirmation.
Packing: 50kgs net per PP bag.
Your inquiries/counter-bids or market information exchanging, discussions are mostly welcomed anytime.
Please feel free to contact us.
Ngoi Nha Hat Vietnam Co., Ltd.
info@ngoinhahat.com
info@ngoinhahat.com
+84 28 3636 2414
A105OT02 - Block A1, Vinhome Golden River, No.2 Ton Duc Thang Street, Ben Nghe Ward, District 1, Hochiminh City, Vietnam 70000.
VAT code: 0314707079
http://www.ngoinhahat.com
