The unreasonable gap between Indian black pepper export price and black pepper price of other producing countries is being shortened from over 2,000 USD / ton to about 1,000 USD / ton.
Ending the last trading session of the week, world futures prices on NCDEX-India turned up slightly. December delivery increased by Rs 75 to Rs 39,000 / quintal (US $ 7,122 / ton) and February delivery increased by Rs 450 to Rs 34,065 / quintal (US $ 6,221 / ton). (1 USD = 54.7577 Rupees)
The spot price of pepper in India in parallel with the trend of the futures market remained stable at Rs 37,200 / quintal (US $ 6,794 / ton) for pepper and Rs 38,700 / quintal (US $ 7,067 / ton). select type.
In the international market, Indian MG1 pepper is priced at US $ 7,400 per tonne (C&F) for European deliveries and US $ 7,700 per tonne (C&F) for US shipments, down another US $ 300 from the previous week. .
According to the study, India's domestic consumption in 2012 is expected to be 42,500 tons of black pepper while exports are estimated at 17,500 tons. India has slipped from fourth to fifth place in the global pepper export market, after Vietnam, Indonesia, Brazil and Malaysia, according to IPC estimates this year.
According to the latest data from the International Pepper Community (IPC), Vietnam's pepper output this year dropped to about 100,000 tons from 110,000 tons in 2011. In the first 10 months of 2012, the total amount of Vietnam's pepper exports were 102,340 tons, down 12% compared to 115,780 tons exported in the same period last year. Businessmen also estimate that exports from Vietnam will be about 110 thousand tons by the end of this year. It also means that the export of the remaining months will be limited due to the depletion of supplies.
It is more than a month before Vietnam's pepper industry will enter the main harvest of 2013. But because the dry season is coming soon, some key growing areas have harvested early ripe pepper, especially Indian pepper. in significant quantities.
This morning Monday 10/12, the price of black pepper in Dong Nai, Binh Phuoc is 121-122 thousand VND / kg, the Central Highlands provinces are 117-118 thousand VND / kg and the most competitive level is still in Ba Ria. – Vung Tau with 124-125 thousand VND / kg, an increase of 3-4 thousand VND / kg from the previous week, approximately the same as the price of 1 month ago.
Many gardeners in Dong Nai, Ba Ria – Vung Tau said that due to unfavorable weather, the phenomenon of being drained so much that the pepper harvest this year will drop sharply.
According to the report of agriculture and rural development sector, pepper export is estimated at 7 thousand tons in November and turnover is 53 million USD. The total export volume of 11 months is expected to reach 110 thousand tons with a turnover of US $ 750 million, down 8.9% in volume but up 6.1% in value over the same period last year. The average export price of 10 months reached US $ 6,798 / ton, up 17.1% over the previous year. Due to limited domestic supply, pepper exports are expected to decline sharply next month.
Source English (TTVN / CafeF)
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