In Chau Duc, Ba Ria-Vung Tau pepper prices today reached 129,000 VND / kg; In Loc Ninh, Binh Phuoc, the price was 126,000 VND / kg; In Cu M’Gar, Đak Lak, the price was 124,000 VND / kg and in Chu Se, Gia Lai, the price was 123,000 VND / kg.
After investors gathered goods and pushed prices up to a new historical record, pepper futures prices on NCDEX in India turned down due to selling pressure and profit-taking activities.
Closing the trading session on March 20, it was also the day of the monthly transfer, the terms for March, April and May lost respectively Rs 1,610, Rs 1,455 and Rs 1,390, to Rs 40,065 / quintal, Rs 42,685 / quintal and Rs 43,615 a quintal, equivalent to USD 8,026 / ton, USD 8,551 / ton and USD 8,737 / ton (1 USD = Rs 49,9187). Spot price of pepper was also at Rs 40,728 / quintal, equivalent to 8,159 USD / ton. Although decreasing, these are still very high levels.
The world price of pepper futures in India remained high, showing that pepper prices still contain many surprises in the near future.
On the same day, on SMX in Singapore, the price of pepper delivered in March closed at $ 6,700 / ton while April futures were soared to 7,138 USD / ton and May term to 7,224 USD / ton, but there was no Which transaction was successful. While on the Indian floor, the price was still high and the gap was too big with the Sing, especially through the unsuccessful April and May futures transactions, it could be said that there were potential instabilities at this floor because of the Prolonged disparities have become illogical.
The price of Indian pepper of special type MG1 exported to Europe is priced at US $ 8,650 / ton (C&F) and to the US is priced at US $ 8,950 / ton (C&F). While Vietnamese exporters still offer relatively stable prices with black pepper grade of 500 Gr / l-FAQ at USD 6,500-6,600 / ton and 550 Gr / l-FAQ at USD 6,850-6,950 / ton (FOB). , DW 630Gr / l white pepper is priced at 9,800-9,900 USD / tonne (FOB) but very limited.
This afternoon, March 21, the price of black pepper in domestic markets decreased slightly. In Chau Duc, Ba Ria-Vung Tau cost 129,000 VND / kg, in Loc Ninh, Binh Phuoc 126,000 VND / kg, Cu M'Gar, Dak Lak price 124,000 VND / kg and in Chu Se, Gia Lai price 123,000 VND / kg. / kg, the gap between domestic markets is at the lowest level ever.
Although domestic pepper price remained low, there were paradoxes. According to traders, pepper growers are not selling because they think prices are too low compared to world prices. But the number of goods was circulated, the companies, large business agents also limited revenue because “no contract” and “lack of reserve capital”. In contrast, small speculators and well-off speculators bought quite a lot.
According to the pepper growers in Dak Lak, they have collected more than 80% of the area. Pepper productivity this year is not equal to last year. Thanh Tam of Cu Kuin district said that last year there were 300 good pepper roots, she collected nearly 1.5 tons of dried pepper, but this year, only more than 5 quintal was collected. The main reason is due to climate change, disturbance of rain and rain, not following the annual rule as before.
According to Reuters news agency in recent years, each year, the world is in shortage of 35,000-40,000 tons of pepper, which is not easily compensated. While the International Pepper Association (IPC) in the most recent forecast that, in 2012 the world lacked about 52,000 tons of pepper types.
Market analysts also warned that from June onwards, the world pepper market will be more stressful than ever because of the price.
English
Source TTVN / CafeF
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