The market showed a mixed response during the week. In India the price decreased further after experiencing increase in August influenced by flood incident in Kerala. In Sarawak, the price also decreased. In Lampung, Bangka and Sri Lanka, the prices were reported to remain stable while in Viet Nam the price of black pepper has shown an increasing trend locally. There is an important turn in the market sentiment in Viet Nam which started increasing as compared with last week price. Some factors were probably counted for as Indonesia crop ended, Brazil origin was overbooked in Sep/Oct. The market may rise from this level thanks to a squeeze in the short run.
Export prices today are ranging (subject to re-confirmation):
- VBP 500gl FAQ: 2350 USD/mt
- VBP 500gl Clean: 2550 USD/mt
- VBP 550gl FAQ: 2500 USD/mt
- VBP 550gl Clean: 2600 USD/mt
- VBP 570gl ASTA: 2650 USD/mt
- VBP 5mm Bold: 2800 USD/mt
- VWP DW Clean: 3750 USD/mt
Oct 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.