World pepper prices will increase due to the long holiday in Vietnam, which reduces the supply of goods to the market.
In the first three trading days of the week, world pepper price on NCDEX in Kochi-India bounced back after falling at the end of last week.
Delivery term in January increased by Rs 620, accounting for 2.03%, to Rs 31,225 / quintal, equivalent to USD 6,157 / ton and February delivery increased by Rs 850, accounting for 2.74%, to Rs 31,830 / quintal, equivalent approximately 6,276 USD / ton. Spot price of pepper also increased 120 lakhs, accounting for 0.4%, to 31,650 lakhs a quintal, equivalent to 6,240 USD / ton, a slight increase. (1 USD = Rs 50,7158).
However, spot prices remained high, as the Indian Rupee exchange rate has remained high for the past 3 months.
According to the director of a pepper exporting enterprise in Ho Chi Minh City, it seems that the world pepper price will increase because Vietnam's long Tet holiday reduces the supply of goods to the market.
When asked about foreign sources, black pepper is currently offered at very low prices. He analyzed, they said the price of Vietnamese pepper dominates the world price of pepper, so I do not want to sell cheap. Because the price of pepper in the world went up and down according to the Indian floor, it was very erratic, so exporters only offered price within 2 days to adjust. Specific prices also depend on the type of export.
Yesterday afternoon 19/1, black pepper buckets are traded in Ba Ria-Vung Tau priced at 113,000-115,000 VND / kg, an increase of 4,000-5,000 VND / kg for both old and new crops. However, according to traders, the number of new cases brought to the market can not be said to be abundant because many gardeners do not rush to sell.
Indian export of special grade MG1 to the EU was priced at 6,350 USD / ton and to the US was 6,650 USD / ton, (C&F), maintaining very competitive prices. Vietnam's export black pepper of grade 500 Gr / l-FAQ was offered at US $ 5,850 / ton, grade 550 Gr / l-FAQ at US $ 6,250 / ton, FOB, while black grade of 500 Gr / l-Asta went to the US cost 6,500 USD / ton (C&F), equivalent to the price two weeks ago.
According to statistics of the Customs just published, the export in December reached 3,282 tons of pepper of all kinds with a value of US $ 25.43 million, but down 24.6% in volume and 22.6% in value compared to the last month, but brought the whole pepper export in 2011 to 123,808 tons of pepper of all kinds with a turnover of 732.2 million USD, up 5.9% in volume and up to 73.8% in value over the same period. period last year.
The average export price in December reached US $ 7,748 / ton, the month with the highest average price of the year.
In 2011, major markets such as the US imported 23,066 tons, the UAE imported 12,310 tons, Germany imported 10,319 tons and the Netherlands imported 8,416 tons of pepper, still the traditional markets accounting for 51.34% of the export market of nuts. pepper of our country.
The pepper exporting countries also import our country's pepper, such as India with 6,696 tons, Indonesia importing 1,143 tons, Malaysia importing 768 tons of all kinds of pepper …
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