DW 630 Gr / l white pepper has been accepted by importers at very high prices, possibly over 10,000 USD / ton because of the scarce supply.
After 5 consecutive sessions of plummeting, world pepper prices on the Kochi-India futures market had a slight increase. Although the increase was not large, it made the chain losing points to level off.
This morning, July 1, July pepper price stood at Rs 27,191 / quintal, equivalent to US $ 6,051 / ton and August term at Rs 27,533 / quintal, equivalent to US $ 6,127 / ton, as stated. is that prices can only decline slightly and will turn around to open a new rally.
The price of Asta black pepper in the US market continued to increase by US $ 50-100 compared to a few days ago.
Vietnam's export black pepper of grade 500 Gr / l-Asta price USD 5,950 / ton grade 550 Gr / l-Asta price USD 6,400 / ton, type 580 Gr / l-Asta price USD 6,800 / ton. While black pepper type Bra-ASTA price 6,400 USD / ton, the special type MG1-India and BG1-Indo type cost 6,900 USD / ton.
Especially, the white pepper of DW 630 Gr / l is now accepted by importers at very high prices, possibly over 10,000 USD / ton because the source of goods is really scarce.
According to the International Pepper Association (IPC), in 2011, Malaysia had 7,700 tons of white pepper, Brazil with 2,000 tons of white pepper and Indonesia with 12,000 tons of white pepper.
Annual output of Brazil's pepper ranges from 35,000 to 40,000 tons, of which half is mainly exported to the US and some neighboring markets, the rest to domestic consumption.
Currently, Malaysia is in the middle of the season. Brazil begins to harvest scatteredly in the early ripening areas and will harvest as soon as the coffee is finished, and is expected to last until November while Indonesia will end the harvest a month before.
The price of pepper in the country last week fluctuated in the range of 104,000 – 108,000 VND / kg.
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