According to traders, black pepper like Vinh Linh and Se are also purchased at a price higher than the floor price of 2-3 thousand VND/kg for the processing needs of skull pepper (white pepper).
Through 3 consecutive sessions after the monthly forward date (May 19, 21, 22), world pepper futures prices on NCDEX in Kochi-India grew strongly in the push of speculators and worries. on supply. Futures for delivery in June increased by a total of Rs 1,275 to Rs 40,390 per quintal, or 3.26% or equivalent to $US 7,369 per metric ton, and term for July delivery increased a total of Rs 1,260 to Rs 40,980 per quintal. 3.17% up to 7,477 USD/ton. ( 1 USD = 54,8106 Rupees )
Spot pepper price in the domestic market in India simultaneously increased by Rs 1,500 according to the trend of the futures market and the domestic supply is still limited. Bucket pepper is priced at Rs 38,200/quintal, equivalent to USD 6,969/ton and selected pepper MG1 is priced at Rs 39,700/ quintal, equivalent to USD 7,243/ton, an increase of USD 130-140 compared to the previous week.
Pepper futures on the SMX exchange in Singapore also increased sharply. Futures for delivery in June increased by 260 USD, or 4.03%, to 6,710 USD/ton and for July delivery increased by 259 USD, or 4.03%, to 6,689 USD/ton on May 22. These are rare strong gaining sessions on this futures floor.
However, in the session of May 23, the situation changed completely across the markets because of profit-taking activities of investors. On NCDEX, the June delivery term lost Rs 1,465, or 3.63%, to Rs 38,925 per quintal, equivalent to $7,033 a tonne and the July delivery also lost Rs 1,415, or a decrease of 3.45%. , down to Rs 39,565/quintal, equivalent to USD 7,149/ton. ( 1 USD = 55.3446 Rupees )
Spot pepper price in the domestic market in India simultaneously lost Rs 800 according to the downtrend of the futures market. Bucket pepper price dropped to Rs 37,400/quintal, equivalent to USD 6,758/ton and selected pepper MG1 decreased to Rs 38,900/quintal, equivalent to USD 7,029/ton, losing USD 70-80 compared to last week.
The domestic price of pepper also fell in line with the futures price. On the afternoon of May 23, the price of black pepper buckets on the markets simultaneously lost 1-2 thousand VND/kg in the anxious mood of traders.
Closing the session on the same day, pepper futures on SMX in Singapore also dropped. Futures for June delivery and July delivery both lost $110, or 1.64%, to $6,600/ton and $6,579/ton. These are quiet sessions because of lack of customers.
Indian specialty pepper (MG1) on the international market is priced at $7,200-7,250/ton (C&F) for shipments to Europe and $7,500-7,550/ton (C&F) for shipments to the US, unchanged, respectively. equivalent to the price of goods of other origin.
Vietnamese black pepper was offered by importers for 500 Gr/l-FAQ at $6,350-6,400/ton and 550 Gr/l-FAQ at $6,650-6,700/ton, (FOB), unchanged. compared to last week. Black pepper grade 570 Gr/l-Asta is offered at $7,050-7,100 USD/ton, (FOB).
Up to this point, the two Asian countries with the leading pepper production in the world, Vietnam and India, have basically completed the 2011/2012 pepper crop. But the world pepper price is still hot because IPC expects that in 2012 the world will be short of about 51,000 tons. Due to high consumption demand, India only spends a part of it on exports. On the contrary, pepper growers in Vietnam have learned from price experience over the years, so they are not in a hurry to sell if there is no urgent need.
Traders who often buy pepper said that when the price is stable, there are still goods to buy, and when the price fluctuates, the market is almost frozen. The psychology of pepper growers is often afraid, afraid of selling when the price is increasing, but regretting when the price reverses because they do not sell in time, so it is difficult to buy goods when the price is not stable.
According to Customs statistics, April exports reached 16,580 tons of pepper of all kinds with a turnover of 111.9 million USD, down 11.7% in volume and 12.6% in price compared to the previous month, increasing the volume. exports in the first 4 months of the year increased to 47,360 tons of pepper of all kinds, up 14.3% in volume and up sharply by 52% in value of turnover over the same period last year. The US, UAE, and Germany are still the leading traditional markets for pepper imports from our country.
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