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Pepper market report on 17th Apr 2018

According to VPA, export volume in Mar 2018 estimated 30k tons and accumulation of Q1/2018 approximated 60k tons (17% higher than Q1/2017 which was 51.1k tons).

During last 2 weeks, pepper prices were re-bouncing after reaching its bottom (+18% thus far). Reportedly,  reasons were that local speculators were migrating their money from coffee to pepper, Brazilian pepper stock finished, Chinese buyers were jumping in, etc. Probably the bullish situation would keep going on at least until end Jun 2018, according to some experts.

Export prices today are ranging (subject to re-confirmation):

 
500 FAQ @ 2850 - 2900 USD/mt
500 MC @ 3100 - 3150 USD/mt
 
 
 
 
 
 
 
550 FAQ @ 3050 - 3100 USD/mt
 
 
 
550 MC @ 3200 - 3250 USD/mt
 
570 ASTA @ 3250 - 3300 USD/mt
5MM @ 3350 - 3400 USD/mt
 
 
 
 
 
WP @ 4450 - 4500 USD/mt
 
 
 
FOB Hochiminh
April/May 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
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