In Ba Ria-Vung Tau, pepper is currently priced at 120-121 thousand VND/kg, Binh Phuoc 119 thousand VND/kg and the Central Highlands provinces 117-118 thousand VND/kg, an average decrease of 5,000 VND/kg compared to the beginning. month.
Under pressure as the world’s key pepper producing countries such as Brazil and Indonesia enter the new harvest season, domestic pepper prices of other producing countries have weakened recently. Vietnam, the country with the number one pepper production in the world is no exception.
At noon today, July 28, the domestic price of black pepper bucket continued to weaken. Specifically, in Ba Ria-Vung Tau, the price is 120-121 thousand VND/kg, Binh Phuoc 119 thousand VND/kg and the Central Highlands provinces 117-118,000 VND/kg, an average decrease of 5,000 VND/kg compared to the beginning of the month. .
The export price of Vietnam’s black pepper 500g Gr/l-FAQ remained at 6,000-6,050 USD/ton and the 550 Gr/l-FAQ grade priced at 6,300-6,350 USD/ton, (FOB), unchanged. While white pepper grade 630Gr/l-FAQ offered at $8,900-8,950/ton and white pepper grade DW 630Gr/l priced at $9,050-9,100/ton, (FOB), down $100-150 from last week due to the buying force. very weak.
It is known that the world’s demand for white pepper is not much, but due to the high added value, many countries have increased production and processing of this type. (China and Malaysia are two countries that focus on exporting white pepper, accounting for nearly 50% of the world’s white pepper volume)
At the end of the session on Saturday afternoon, July 28, pepper futures prices on NCDEX remained stable at a high level that has lasted for more than a month. The final trading price (LPT) of the futures for delivery in August, September and October stood at Rs 44,050 per quintal, Rs 44,240 per quintal and Rs 44,660 per quintal, equivalent to USD 7,911/ton, USD 7,945/ton, respectively. and $8,021/ton. ( 1 USD = 55.6821 Rupees ).
The Indian spot price of pepper in tandem with the futures market increased by Rs 200,700 per quintal or $7,309 per tonne for bucket pepper and Rs 42,200 per quintal or $7,579 per ton for selected pepper. Indian specialty pepper on the international market remains at $8,100/ton for Europe (C&F) and $8,400/ton for the US (C&F), continuing to maintain a high level compared to pepper of export origins. other country.
Meanwhile, the price of pepper futures on the Singapore Mercantile Exchange (SMX) still has a huge difference. At the end of the week, the August delivery term fell to $6,110 per ton and the September delivery term also dropped to $6,080 per ton, the difference returned to approximately $2,000 compared to the term price on the floor. India as 4 months ago.
Last week, after repeatedly warning about pushing forward prices too high, the Futures Market Commission of India (FMC) has just issued a warning that it will stop trading if it finds evidence of an abnormal phenomenon. caused by speculation, maybe even stronger than closing the door…
Currently, the Central Coast region is harvesting the 2012 pepper crop, which is expected to be completed by early September, with an output of more than 5,000 tons. The pepper of this region is very popular with white pepper processors and is often exported by traders under quota.
According to the report of the Agriculture industry, it is estimated that in July, the export of 11,000 tons of pepper of all kinds, the turnover value reached 75 million USD. It is estimated that pepper exports in the first 7 months of the year reached 80,000 tons, with a turnover of 546 million USD, down 3.2% in volume compared to the same period last year but still increasing in value by 20.3%. The average export price of pepper in 6 months reached 6,814 USD/ton, up 26.4% over the same period last year. The largest import markets of Vietnam are still the United States (13.3% market share), Germany (11.8%) and the United Arab Emirates (9%).
Follow English (TTVN/CafeF)
Source link
