The market showed a mixed response during the week. Price in Vietnam and Sri Lanka increased; while in India and Sarawak decreased. In Indonesia (Lampung and Bangka) the prices were reported stable. In dollar terms however, the local price decreased marginally, due to a weakening of Indonesian Rupiah against US Dollar.
The 46th Annual Session of IPC hosted by the Ministry of Primary Industries, Malaysia and organized jointly by the IPC Jakarta were participated by over 200 officials, researchers, farmers and trade delegates from pepper producing and consuming countries. Papers presented by speakers from the IPC countries as well as spice trade associations from consuming countries were discussed in the meetings. Market scenario for 2017 - 2019 was also discussed. Summary of production, import, export and consumption of pepper by producing countries in 2017 and 2018 in Metric Tons is given below. It was concluded that production and export of pepper in 2018 is estimated to remain high and increase marginally by 2%. Observing low price prevailed in the last few years, it was reported that farmers are not interested to maintain gardens and consequently production of pepper for 2019 is anticipated to decrease.
Export prices today are ranging (subject to re-confirmation):
- VBP 500gl FAQ: 2600 USD/mt
- VBP 500gl Clean: 2800 USD/mt
- VBP 550gl FAQ: 2750 USD/mt
- VBP 550gl Clean: 2850 USD/mt
- VBP 570gl ASTA: 2900 USD/mt
- VBP 5mm Bold: 3100 USD/mt
- VWP DW Clean: 4000 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.