According to Vietnamese MARD (Ministry of Agriculture and Rural Development), pepper price trend from Vietnam is paralleled down ward with the global market and hardly to be restored during end 2018. Average price has been reduced 60% from Jan to Aug and likely hit the production costs. Farmers are trying to resist and narrower their size to reduce costs.
In Aug, VN has exported 20k MTs accumulated Jan-Aug 173k MTs. Expect total export VN could be up to 220k MTs for 2018.
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.