According to traders, black pepper varieties like Vinh Linh and Se pepper are also purchased at 2-3 thousand dong / kg higher than the floor price for their processing needs (white pepper).
After 3 consecutive sessions after the monthly transfer date (19, 21, 22/5), the world futures prices on NCDEX in Kochi-India increased strongly in the speculation push and anxiety. about the supply. June delivery futures increased a total of Rs 1,275 to Rs 40,390 a quintal, an increase of 3.26% to $ 7,369 / ton and July delivery increased a total of Rs 1,260 to Rs 40,980 a quintal, an increase 3.17% to USD 7,477 / ton. (1 USD = 54,8106 Rupees)
Spot price of pepper at domestic market in India increased by Rs 1,500 according to the trend of future market and domestic supply was still limited. The buckets were priced at Rs 38,200 a quintal, equivalent to US $ 6,969 and the MG1 option cost Rs 39,700 a quintal, equivalent to US $ 7,243 / ton, up US $ 130-140 from the previous week.
Price of futures on SMX in Singapore also increased sharply. June term delivery increased by 260 USD, ie an increase of 4.03%, to 6,710 USD / ton and the term of delivery in July increased by 259 USD, ie an increase of 4.03%, to 6,689 USD / ton on 22/5. These are rare strong gains on this term.
However, in the session of 23/5, the situation changed completely across the markets by profit-taking activities of investors. On NCDEX, the delivery term in June lost Rs 1,465, which is down 3.63%, to Rs 38,925 / quintal, equivalent to USD 7,033 / ton and the delivery term in July also lost Rs 1,415, or down 3.45%. , to Rs 39,565 a quintal, equivalent to 7,149 USD / ton. (1 USD = 55.3446 Rupees)
Spot price of pepper at local market in India simultaneously lost 800 lakhs in the downtrend of the futures market. Pepper prices dropped to Rs 37,400 a quintal, equivalent to US $ 6,758 per ton, and MG1 pepper prices were down to Rs 38,900 a quintal, equivalent to US $ 7,029 per ton, losing US $ 70-80 from the previous week.
Domestic pepper prices also decreased according to futures prices. In the afternoon of 23/5, the prices of black pepper in the markets simultaneously lost 1-2 thousand VND / kg in the worried mood of traders.
Closing the same trading day, futures price on SMX in Singapore also dropped. The term delivered in June and July delivery together lost 110 USD, equivalent to 1.64%, down to 6,600 USD / ton and 6,579 USD / ton. These are quiet sessions due to lack of customers.
Specialized pepper (MG1) of India on the international market is priced at 7,200-7,250 USD / ton (C&F) for goods going to Europe and 7,500-7,550 USD / ton (C&F) for goods going to the US, unchanged, similar. equivalent to the price of other origins.
Vietnamese black pepper was offered to importers by grade 500 Gr / l-FAQ at US $ 6,350-6,400 / ton and 550 Gr / l-FAQ grade at US $ 6,650-6,700 / ton, (FOB), unchanged. compared to last week. Black pepper grade 570 Gr / l-Asta was offered at US $ 7,050-7,100 / tonne (FOB).
Up to this point, two Asian countries with the world's leading pepper output, Vietnam and India, have basically completed the 2011/2012 pepper crop. But the price of pepper in the world is still hot because IPC expects that the world will lack about 51,000 tons in 2012. Due to high demand, India only partially for export. In contrast, pepper growers in Vietnam have learned from price experience over the years so they are not in a hurry to sell if there is no urgent need.
Traders often buy pepper that, when prices are stable, there is stock to buy, and when prices fluctuate, the market is almost frozen. Psychology of pepper farmers is often afraid, afraid to sell when prices are rising but regret when the price reverses because they do not sell in time, so it is difficult to buy goods when prices are not stable.
According to Customs, April's export reached 16,580 tons of pepper of all kinds with a turnover of US $ 111.9 million, down 11.7% in volume and down 12.6% in price over the previous month, increasing the amount of exports in the first 4 months of the year to 47,360 tons of pepper, up 14.3% in volume and up sharply to 52% in value over the same period last year. USA, UAE, Germany are still the traditional markets leading in importing our pepper.
English
Source TTVN / CafeF
Source link
