In Ba Ria-Vung Tau, pepper is now VND 120-121 thousand / kg, Binh Phuoc 119,000 VND / kg and the Central Highlands provinces 117-118 thousand VND / kg, an average reduction of 5,000 VND / kg compared to the beginning. month.
With pressure from major pepper producing countries such as Brazil and Indonesia to enter the new harvest, domestic pepper prices of other origins have weakened recently. Vietnam, the country with the highest pepper production in the world, is no exception.
At noon today, July 28, domestic black pepper prices continued to weaken. Specifically, in Ba Ria-Vung Tau cost 120-121 thousand VND / kg, Binh Phuoc 119 thousand VND / kg and the Central Highlands provinces 117-118 thousand VND / kg, an average reduction of 5,000 VND / kg compared to the beginning of the month .
Vietnam's export price of black pepper grade 500g Gr / l-FAQ remained at USD 6,000-6,050 / ton and 550 Gr / l-FAQ at USD 6,300-6,350 / ton, (FOB), unchanged. While white pepper grade 630Gr / l-FAQ offered at 8,900-8,950 USD / ton and white pepper grade DW 630Gr / l priced at USD 9,050-9,100 / tonne, (FOB), down USD 100-150 from the previous week due to buying power. very weak.
It is known that the demand for white pepper in the world is not much but due to the high added value, many countries have increased production and processing of this type. (China and Malaysia are the two countries focusing on exporting white pepper, accounting for nearly 50% of global white pepper)
Ending the trading session on Saturday, July 28, the price of pepper futures on NCDEX remained high and lasted for more than the past month. The final trading price (LPT) for August, September and October delivered respectively stood at Rs 44,050 / quintal, Rs 44,240 / quintal and Rs 44,660 / quintal, equivalent to USD 7,911 / ton, USD 7,945 / ton. and USD 8,021 / ton. (1 USD = 55.6821 lakhs).
The spot price of Indian pepper in tandem with the futures market increased by Rs 200 to Rs 40,700 a quintal, equivalent to US $ 7,309 / tonne for pint and 42,200 Rs / quintal to US $ 7,579 / ton for the selected type. Indian parity in the international market remained at USD 8,100 per tonne for Europe (C&F) and USD 8,400 per tonne for the US (C&F), maintaining a high level compared to pepper from export origins. other country.
Meanwhile, pepper futures prices on Singapore Mercantile Exchange (SMX) still have a huge difference. At the end of the week, the term for delivery in August decreased to US $ 6,110 / ton and the term for delivery in September also dropped to US $ 6,080 / ton, the difference returned to nearly US $ 2,000 compared to the term on the floor. India as 4 months ago.
Last week, after repeatedly warning the phenomenon of pushing up the price of futures too high, the Indian Futures Market Committee (FMC) has issued a warning to stop trading if found evidence of abnormal phenomena. due to speculation, it could be even more aggressive than closing …
Currently, the Central Coast region is harvesting the 2012 pepper crop, expected to be completed in early September, with an output of more than 5 thousand tons. Pepper of this area is very popular by white pepper processors and is usually exported by non-quota traders.
According to the report of Agriculture sector, it is estimated that in July export 11 thousand tons of pepper of all kinds, the value of turnover reached 75 million USD. Estimated exports in the first 7 months of the year reached 80 thousand tons, worth US $ 546 million, compared to the same period last year decreased by 3.2% in volume but the value still increased by 20.3%. Average export price of 6 months reached 6,814 USD / ton, up 26.4% over the same period last year. The largest import markets of Vietnam are the United States (13.3% market share), Germany (11.8%) and the United Arab Emirates TN (9%).
Source English (TTVN / CafeF)
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