VPA: Stay calm, take the initiative in 2015
IPC forecasts world pepper production in the 2015 crop approximately 374,500 tons, increase 38,300 tons (up mainly from India, Indonesia and Sri Lanka) combined inventories at the end of 2014 turned to about 59,000 tons. Thus the total supply of world pepper in 2015 is 433,536 tpress, increase 12,630 tons compared to 2014. Demand is approx 416,000 tons. Therefore the balance of supply and demand of pepper in 2015 may be more harmonious than in 2014; However, prices can remain high.
Market situation, Indian pepper prices are quite sensitive to Vietnamese pepper. India harvested from December 2014 to February 2015, Indian production is forecast at about 70,000 tons, an increase of 33,000 tons compared to the 2014 (?) Crop.
On December 22, 2014, the Kochin exchange offered the following prices: Pepper of 66,700Rs / quintal, at the rate of 63.23 RS / 1USD would be equivalent to 10,590 USD / ton. Selected: Rs 69,700 a quintal. January 2015: Rs 62,964 a quintal. February: Rs 59,337 / kg. March: Rs 59,237 / quintal April: Rs 59,136 / quintal May and June: Rs 58,934 a quintal. The price above has decreased significantly compared to the previous days.
The 2015 pepper crop of Vietnam saw a sharp drop in productivity across all provinces. Harvest is in full swing from early February to the end of April 2015. At this time, many farmers grow pepper to sell their products to pay debts. Right now, importers are and will be offering many ways to interfere with market information in order to buy cheaply and collect much pepper from Vietnam at the time of harvest so that the world will have a chance of scarcity. to profit (like 2013 and 2014). In the past few days, the domestic pepper price has suddenly decreased by 10-15,000 VND / kg, but in fact the pepper has been almost gone, the trading is very few.
Facing complicated movements of the market, prices and all information going down, or contrary, farmers and Vietnamese enterprises need to be calm, analyze and calculate in selling, buying, storing goods, owners. activities to regulate the volume of trade and export so that the prices are the best and the most effective, farmers and businesses unanimously regulate the volume of purchases, exports, not selling massively at low prices, pushing prices down, falling into the trap of houses. import. Limit or not sell paper pepper, easily leading to losses. Vietnam has accounted for over 50% of the worldwide export market, so Vietnam can do this.
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