Bucket pepper prices in Ba Ria-Vung Tau are 121-122 thousand VND/kg, in Binh Phuoc 120,000 VND/kg and the Central Highlands provinces 118-119 thousand VND/kg, an average decrease of 3,000 VND/kg compared to the previous week.
At the end of the weekend session on Saturday afternoon, July 21, on the NCDEX exchange in the Indian Kochi market, pepper prices fluctuated between terms. While the futures for delivery in August and September decreased slightly, the futures for delivery in October and November increased slightly, clearly showing that the pepper futures market is under pressure from supply.
Closing the session, the August and September delivery futures respectively stood at Rs 43,275 per quintal, Rs 43,650 per quintal, equivalent to $7,788/ton, $7,855/ton and October and November delivery stood at Rs 44,175. /quintal, Rs 44,400/quintal equivalent to USD 7,950/ton, USD 7,990/ton. ( 1USD = 55,5672 Rupees )
Spot pepper price increased to Rs 40,100, equivalent to $7,216/ton for bucket pepper and Rs 41,600/quintal, or $7,486/ton for selected MG1 pepper, although the increase was mainly due to the Rs. continue to go low.
India’s special pepper price MG1 is priced at $7,900-8,000/ton (C&F) for exports to Europe and $8,200-8,300/ton (C&F) for exports to the US, an increase of $50-100.
According to Reuters, currently, the price of Indian pepper exports has a difference of up to 700-1000 USD/ton, which is higher than the price of pepper of other origins.
Meanwhile, pepper futures trading on the Singapore Mercantile Exchange (SMX) was active again. At the end of this week, the August delivery term stood at 6,120 USD/ton and the September delivery term stood at 6,187 USD/ton, still a big difference compared to the futures price in India.
Traders in India said that although Indonesia and Brazil, the world’s top two pepper producers, have sold out, but the pressure of supply is still insignificant. Because India’s demand for pepper is still high, they are actively looking for sources from other countries, especially when the Muslim holy month of Ramadan is coming.
Some Indian importers bought Brazil’s B1 grade pepper at $6,300/ton, FOB price, while Vietnamese pepper traders said the skin of this pepper is very thin and therefore easy to process into seeds. White pepper.
Vietnam’s export black pepper grade 500g Gr/l-FAQ is offered at $6,000-6,050/ton and grade 550 Gr/l-FAQ is offered at $6,300-6,350/ton, (FOB), down $200. when white pepper grade 630Gr/l-FAQ offered at 9,000-9,050 USD/ton, (FOB), down 350 USD but demand is very weak.
The domestic price of black pepper bucket also dropped significantly. This morning, July 22, pepper prices in Ba Ria-Vung Tau fell to 121-122 thousand VND/kg, in Binh Phuoc to 120,000 VND/kg and the Central Highlands provinces to 118-119,000 VND/kg, an average decrease of 3,000. VND/kg compared to last week.
According to Customs statistics, the first half of July exports reached 3,038 tons of pepper of all kinds with a turnover of 22.9 million USD, bringing the export volume in the first half of the year to 72,251 tons of pepper of all kinds with a metal value. turnover of 494.7 million USD. The average export price in the period reached 7,561 USD/ton, up 10.5% compared to the average price last month.
Follow English (TTVN/CafeF)
Source link
