This morning 6/6, black pepper prices at Ba Ria-Vung Tau 97,000-98,000 VND / kg, in the Central Highlands 98,000-99,000 VND / kg, an average of 9% reduction in the past half month.
Closing the session on the afternoon of 4/6, the world pepper price returned to 29,172 Rs / quintal, equivalent to USD 6,512 / ton for the June term. In general, the world pepper price from about 6,800 USD dropped. and fluctuated around $ 6,500 per tonne for more than 10 days. The reason is for many Vietnamese exporters to sell off their goods to increase the capital turnover cycle and reduce loan interest burden.
World pepper prices fluctuated around USD 6,500 over 10 days ago.
Vietnam is the market leader of world pepper. When prices are high, foreign buyers increase their purchasing power massively. In contrast, when the weak prices in China, Europe and Arab markets stopped buying.
Indonesia and Brazil will enter the harvest from the end of June to the end of August. Reuters news agency said that this year Indonesia suffered a severe crop failure, expected output decreased from 30,000 tons last year to only 10,000 tons. Brazil also dropped to 30,000 tons from 40,000 tons last year.
According to the International Pepper Association (IPC), this year Indonesia's pepper output is only 37,000 tons, down 15,000 tons, equivalent to 28.8% compared to 2010, due to heavy rains in Lampung states, Bangka and southern Sumatra state, the main pepper growing areas of the country. Expected export this year is only 23,000 tons of all kinds of pepper, down 47.7% compared to exports in 2010.
Meanwhile, the Brazilian Pepper Commission stated that the country's pepper output in 2011 will reach 35,000 tons, an increase of 1,000 tons compared to 2010. The Commission also expects this year to export only 30,000 tons of pepper of all kinds. , down 11.8% compared to the export of 2010. The export volume decreased slightly due to increased domestic consumption.
The statistics report of Customs said that in the first 4 months of the year, our country exported 41,247 tons of pepper of all kinds, reaching a turnover of US $ 210,920 million, about 7.1% in volume but about 55% in price, 8% over the same period last year.
According to the latest figures of the General Statistics Office, pepper export in May was estimated at 15 thousand tons, turnover was estimated at US $ 87 million, bringing the export volume of pepper in the first 5 months to 56 thousand tons with export value. USD 297 million, down 5.6% in volume but increasing 61.2% in value over the same period last year.
At present, Vietnam's export price of black pepper grade 500 Gr / l FAQ price 5,200 USD / ton, type 550 Gr / l FAQ price 5,500 USD, white pepper type D / W 630 Gr / l price 7,800 USD / ton, average USD 100 / tonne for each of the previous week's prices.
Predicting, from now until the end of June, the price of pepper will increase or decrease is a question not easy to have the answer, especially under the pressure of capital.
Follow CafeF
Source link
