Vietnam: Local report said that VN pepper prices were dropping down and ranging between 48,000-50,000vnd/kg ex farmers. USD is getting stronger against VND has supported the export prices. However, there are still very hard competitions from Brazil (next crop Sep/Oct) and Indonesia (who used to export 16,200 tons out of its crop 42,700 tons during 2017).
On the contrary scenario, Indian Kerala was being suffered from historical flood and the spice market was seriously hit. Major of the pepper farms in Kerala was damaged and it is forecast the pepper supply will be short apparently from this area.
Export prices today are ranging (subject to re-confirmation):
- VBP 500gl FAQ: 2300 USD/mt
- VBP 500gl Clean: 2500 USD/mt
- VBP 550gl FAQ: 2450 USD/mt
- VBP 550gl Clean: 2550 USD/mt
- VBP 570gl ASTA: 2600 USD/mt
- VBP 5mm Bold: 2700 USD/mt
- VWP DW Clean: 3800 USD/mt
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.