According to the Ministry of Agriculture and Rural Development (MARD), in 2012, export turnover of some agricultural products will decrease compared to 2011. In fact, from the beginning of the year until now, the pepper price of Domestic and world markets are recorded to have a downward trend compared to 2011.
According to the Vietnam Pepper Association (VPA), Vietnam's pepper output in 2012 was estimated at 110 thousand tons, the total pepper supply in 2012 reached 100-105 thousand tons, down 15-20% (equivalent to decreased by 20-30 thousand tons) compared to 2011. The reason is that in 2011 the price is high so most of the pepper has been consumed, the inventory is limited. On the other hand, according to VPA survey results in 2 provinces of Dong Nai and Ba Ria Vung Tau, pepper output in 2012 is expected to decrease by 10-30%.
Entering in 2012, pepper market The situation was quite quiet, pepper purchasing price tended to decrease sharply in January 2012. Black pepper prices from VND 118-120 thousand / kg on 1/1 to VND 108-110 thousand / kg on January 20. Purchase price of white pepper was stable at VND 175-180 thousand per kg. After Tet holiday on February 1, 2012, Vietnamese black pepper export price of 500 Gr / l-FAQ was priced at US $ 5,600 / ton and 550 Gr / l-FAQ was priced at US $ 5,950 / ton, ( FOB), down 200 USD compared to before the Lunar New Year holiday. MG1 Indian black pepper of special grade was priced at 6,500 USD / ton to Europe and 6,800 USD / ton to USA, (C&F), increased slightly.
According to the Ministry of Agriculture and Rural Development, there are now some areas in the Central Highlands where early ripening pepper, which people are familiar with called Quang or Indian pepper, is about to start harvesting in February. this. Although the quantity is not much, it also helps reduce the pressure on the supply.
On the world market, as of February 1, 2012, the world futures prices on NCDEX in Kochi-India continued the downward momentum of the previous week this week. The term for February delivery on 1/31/2012 lost an additional Rs 1,245, ie 3.99%, to Rs 29,960 / quintal, equivalent to USD 6,064 / ton and the term for March delivery also took approximately to Rs 29,935 / quintal, equivalent to USD 6,059 / ton.
Spot pepper price lost 1,021 lakhs / quintal, accounting for 3.2%, down to Rs 30,940 / quintal, equivalent to 6,263 USD / ton. (1 USD = Rs 49.4050).
According to the futures market analysts, the sharp decline in floor prices was mainly due to technology and the stronger Rupee against the USD, while the spot market was tightening prices to keep at a high level beneficial to growers. Indian pepper. (World futures market is officially traded in Indian Rupee)
The World Pepper Association (IPC) forecasts total world pepper production in 2012 to reach 320,155 tons, an increase of 21,755 tons compared to 2011, of which black pepper production is forecast at 248.2 thousand tons, an increase of 8, first%; White pepper production is forecast to increase by 4.7% compared to last year. The amount of pepper inventories in the world at the end of 2011 reached 97,458 tons. Therefore, total world pepper supply in 2012 is forecast at 417,613 tons.
According to forecasts, pepper output tends to increase in Sri Lanka (an increase of 35.8%); Indonesia (up 24.2%); China (up 7.3%) while decreasing in India with a 10.4% decrease. Brazil's pepper exports in 2011 reached 32,676 tons with a value of 186 million USD, up 6.1% in volume and 71.9% in value compared with 2010. The United States is a major importer of pepper. Brazil has the most with 12,820 tons, accounting for 39% of total export volume in 2011, followed by the German market accounting for 15% of total export volume.
The market analyst said that the term pepper market is being carefully cared for by financial investors and speculators on the floor, so it has created many strong and unpredictable fluctuations while Real schools are in the absence of both buyers and sellers because of the holidays in many countries around the world.
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