According to the Ministry of Agriculture and Rural Development (MARD), in 2012, the export turnover of some agricultural products will decrease compared to 2011. In fact, from the beginning of the year until now, the pepper price of Domestic and international markets are recorded to have a decreasing trend compared to 2011.
According to the Vietnam Pepper Association (VPA), the country’s pepper production in 2012 is estimated at 110,000 tons, the total supply of pepper in 2012 will reach 100-105 thousand tons, down 15-20% (equivalent to about 15 million tons). decrease by 20-30 thousand tons) compared to 2011. The reason is that the high price in 2011 resulted in most of the pepper being consumed, with limited inventory. On the other hand, according to the survey results of VPA in Dong Nai and Ba Ria Vung Tau provinces, pepper productivity in 2012 is forecast to decrease by 10-30%.
Entering 2012, the pepper market was quite quiet, the purchasing price of pepper tended to decrease sharply in January 2012. The price of black pepper from 118-120 thousand VND/kg on January 1 decreased to 108-110,000 VND/kg on January 20. Purchasing price of white pepper in the month was stable at 175-180,000 VND/kg. After the Lunar New Year on February 1, 2012, the export price of Vietnamese black pepper grade 500 Gr/l-FAQ is priced at $5,600/ton and grade 550 Gr/l-FAQ is priced at $5,950/ton. FOB), down 200 USD compared to before the Lunar New Year holiday. The price of Indian black pepper special grade MG1 is priced at 6,500 USD/ton to Europe and 6,800 USD/ton to the US, (C&F), up slightly.
According to the Ministry of Agriculture and Rural Development, currently in the Central Highlands, there are a number of areas that grow early-ripening pepper, which people are familiar with, called Quang pepper or Indian pepper, which is also about to start harvesting in February. this. Although the quantity is not much, it also helps to reduce the pressure on the supply.
On the world market, as of February 1, 2012, world pepper futures prices on NCDEX in Kochi-India continued the previous week’s plunge this week. The February delivery term on January 31, 2012 lost another Rs 1,245, or 3.99%, to Rs 29,960/quintal, equivalent to USD 6,064/ton and the March delivery term also lost approximately Rs 29,935 to Rs 29,935. /quintal, equivalent to 6,059 USD/ton.
Spot pepper price lost Rs 1,021/quintal, accounting for 3.2%, down to Rs 30,940/quintal, equivalent to USD 6,263/ton. (1 USD = 49,4050 Rupees).
According to the pepper futures market analysts, the price floor fell sharply mainly due to technical and the strong Rupee against the US dollar, while the spot market is tightening prices to hold high in favor of growers. Indian pepper. (World Futures market officially traded in Indian Rupees)
The World Pepper Association (IPC) forecasts the total world pepper production in 2012 will reach 320,155 tons, an increase of 21,755 tons compared to 2011, of which black pepper production is forecast to reach 248.2 thousand tons, an increase of 8. first%; white pepper production is forecast to increase by 4.7% YoY. World pepper inventories at the end of 2011 reached 97,458 tons. Thus, the total world supply of pepper in 2012 is forecast to reach 417,613 tons.
According to the forecast, pepper production tends to increase in Sri Lanka (up 35.8%); Indonesia (up 24.2%); China (up 7.3%) while decreasing in India with a decrease of 10.4%. Brazil’s pepper exports in 2011 reached 32,676 tons with a value of US$186 million, up 6.1% in volume and 71.9% in value compared to 2010. The United States is a major pepper importer. Brazil was the largest market with 12,820 tons accounting for 39% of the total export volume in 2011, followed by the German market accounting for 15% of the total export volume.
Market analysts said that the pepper futures market is being cared for quite carefully by financial investors and speculators on the floor, so it has created many strong and unpredictable fluctuations while the market The real food market is in a period of absence of both sellers and buyers because of the holidays of many countries around the world.
Follow Online newspaper Communist Party of Vietnam
Source link
