Pepper prices of our country meanwhile decreased by 5 million VND / ton. Many white pepper processing factories in the Southeast region have been temporarily suspended from the beginning of the month until now due to the small volume of goods delivered to exporters.
Closing the afternoon session on Friday, world futures prices on NCDEX India continued to increase slightly. December delivery increased by Rs 380 to Rs 38,495 a quintal, equivalent to 6,924 USD / ton and delivered in February 2013 also increased by Rs 55 to Rs 35,280 / quintal, equivalent to USD 6,346 / ton. (1 USD = 55,5951 Rupees)
Spot pepper prices on the floor in tandem with the trend of the futures market increased by Rs 200 to close at Rs 37,700 a quintal, equivalent to USD 6,781 / ton (un-graded) and at Rs 39,200 a quintal, equivalent to USD 7,051 USD. / ton (type MG1) on the supply is very limited because it is at the end of the season.
Indian parity in the international market is priced at $ 7,250 / tonne (C&F) in Europe and $ 7,550 / tonne (C&F) for US shipments, down $ 250 from the previous week. The price of Indian specialty pepper weakened also because the exchange rate of Rs last week, which decreased by more than 1% against the US dollar, had an impact on export prices.
Reportedly, world futures prices have been on a series of consecutive declines since the end of October until after the Commission on Futures Markets (FMC) of India embarked on an investigation to correct any unexpected problems. usually on an exchange. In particular, the phenomenon of speculation pushes prices too high, higher than other pepper producing countries approximately 2,000 USD / ton, making Indian pepper lose competitiveness in the world market.
Exported Vietnamese black pepper is offered at grade 500 Gr / l-FAQ at USD 6,150-6,200 / ton and 550 Gr / l-FAQ at USD 6,400-6,450 / ton, (FOB); White pepper of DW 630 offered 9,750-9,800 USD / ton, (FOB), but demand was very weak. Meanwhile, ASTA quality black pepper prices of Southeast Asian countries remained at 6,900-7,000 USD / ton (FOB) almost unchanged.
Many white pepper processing factories in the Southeast region have been temporarily suspended from the beginning of the month until now due to the small volume of goods delivered to exporters.
On Sunday morning, November 25, prices of black pepper at domestic markets only fluctuated slightly. Specifically, in the Southeast provinces cost 119-120 thousand VND / kg and the Central Highlands provinces cost 117-118 thousand VND / kg, down 1-2 thousand VND / kg compared to the previous week. Particularly in Chau Duc, Ba Ria – Vung Tau remained competitive prices 121-122 thousand VND / kg, unchanged.
Over the past 30 days, the Indian special pepper price in the international market has decreased by US $ 1,200-1,250 / ton, while the price of pepper traded on the floor futures also decreased by US $ 1,000-1,100 / ton. Meanwhile, the price of pepper in the domestic market of our country only decreased by VND 4-5 million / ton.
According to statistics of the Customs, pepper exports in the first 15 days of November reached 3,722 tons of pepper of all kinds with a turnover of 25.3 million USD. In the first 10 and half months of the year, 106,233 tons of pepper were exported with a turnover of US $ 722.14 million, although down 10.95% in volume but up 5.09% in price over the same period last year. The average export price in the first half of October reached US $ 6,801 / ton, up 2.35% compared to the average export price of September.
Source English (TTVN / CafeF)
Source link
