Additional buying force pulled pepper prices back up

According to a local trader in Dong Nai market, the purchasing power this time was just buying additional inventory of exporters’ inventory after deliveries to ships for traditional importers. signed contract. Meanwhile, the market has not recorded any new mutant purchasing power. In particular, the purchasing demand of white pepper processing factories has not yet reappeared due to the lack of orders from exporters.

It is expected that the number of traditional customers from Hainan – China who usually orders white pepper with a significant amount is likely to return by the end of this month or early next month and then the price of black pepper will be more prosperous. especially quality goods, with high density.

Mr. Chau Hue, a trader who often supplies raw materials to white pepper processing factories in Xuan Loc – Dong Nai, said that in order to obtain high-density goods, he could supply them fully according to the needs of processing plants. white pepper, traders had to find out in the garden of the houses good quality consignments and buy them at higher prices than the market prices from time to time. Especially, when customers order in large quantities, in order to attract the demand, the high density black pepper is often purchased at an additional price of 2,000 – 3,000 VND / kg after the price.

Trade authority in India said that the Government of India has allowed the import duty free of 2,500 tons of black pepper under FTA (Free Trade Agreement) with a minimum price of Rs 500 / kg (about 7.45-7) , 50 USD / kg) from Indonesia and Sri Lanka for processing, added value and re-export. However, Indian spice exporters believe that this limit is too low, which will not contribute to improving black pepper prices in the Indian domestic market but also encourage the creation of black markets and smuggling. and especially will limit their business. This will lead to the possibility that many Indian spice trading companies will form the basis for adding value added in Vietnam and Indonesia, where the supply is always plentiful.

According to last week’s trade report of World Pepper Association (IPC), black pepper price in India and Sri Lanka decreased, while black pepper of Vietnam and Indonesia remained stable while export price remained low. goods delivered to export ports have shown signs of slowing down. Brazilian pepper price of type B-Asta was offered at US $ 3,000 / ton, down by US $ 150 – 200 / ton from a week earlier. The price of Vietnamese black pepper grade at 500 Gr / l offered US $ 2,700 / ton and 550 Gr / l grade at US $ 3,000 / ton (FOB-HCM), the price remained unchanged.

English

According to Young Intellectuals