Tuesday, June 29, 2021

VIETNAM PEPPER & SPICES MARKET UPDATE 28th JUNE 2021 - WEEK 26


 

PEPPER;

 

Although the situation of freight rates and epidemics is still complicated, besides the lack of liquidity in the domestic market from exporters / collectors at different times. However, the market has had very strong gaining sessions in the past week with an increase of 4%. The main reason is that Vietnamese exporters actively buy raw material for June shipment. In addition, with a forecast quantity not less than 50,000 tons to be exported in the next 2 months, July and August, so farmers / dealer stock is now being too tight. Besides, the demand from different markets such as EU / USA / ASIA and China has also pushed up the domestic market. Thus, pepper prices in June have increased by 9.2% compared to May.

 




The market has gone through half of the crop of 2021 with a fluctuating but very steady increase since May. Therefore, farmers and dealers have a solid basis to believe that pepper prices will continue to increase in the second half of 2021 as different reasons that we have analyzed in the 24th week report.

 

Indonesia; The epidemic situation is still complicated and the harvest is expected to be come later than expected. Crop size is estimated to be poor and the quantity used for export in 2021 is forecasted only around 10 - 15,000 tons (Crop size around 30.000 tons max but huge domestic consumption already reached 15.000 tons). However, the situation of containers and freight from Indonesia is very stressful and it is difficult to get containers with high rates. Therefore, the price and time of shipment to abroad have not been fixed.

 

Brazil; The second crop of Brazil will start in end August / early September but quantity with max 25.000 tons. Prompt shipment still available but higher price compare with Vietnam. The Brazilian real Currency traded around 4.9 per USD in the fourth week of June, its highest level since June 2020, after latest data showed Brazilian consumer inflation surged in the first half of June, suggesting further monetary policy tightening, while the country's current account deficit was at its smallest in more than 13 years.

Therefore, it is likely that the price of pepper from Brazil will continue to increase in the near future when the local currency tends to appreciate quite strongly against the USD

(in contrast in 2019/2020).

 

With both the current Indonesia / Brazilian markets and max quantity of 2 these market for export around 50 - 60.000 tons for second half of the year 2021. The ability to import for re-production and export is not feasible in Vietnam now. Therefore, all Vietnam exporters / processors / traders will have to focus on buying domestic raw material for export.

 

 

SPOT market in ASIA & USA & EU; Material at the ports of destination continuously increase in price due to the increase rapidly in freight rates, consumption… This will also promote the price of raw materials in exporting countries to continue to firmer in the near future.

 

CASSIA/ STAR ANISE/ TURMERIC;

 

High demand coming from different countries while new crops are still in the next 3 more months. Stock being tight and price continuing firmer / uptrend is foreseen until August at least.

 

I would like to give you an indication price PEPPER / CASSIA / STAR ANISE / TURMERIC… based on NET FOB HCM as follows;

 

1/ WHOLE PEPPER;

 

NO

ITEM

FOB (USD/MT)

EU MAINT PORT

NY/BAL

PINHEAD PEPPER

 

 

 

1

PINHEAD < 1MM SUPER CLEANED

$873

$1,623

$1,473

2

PINHEAD 1.5MM - 2MM CLEANED

$1,243

$1,993

$1,843

3

PINHEAD 2MM - 2.5MM CLEANED

$1,690

$2,440

$2,290

4

PINHEAD SUPERIOR QUALITY

$2,136

$2,886

$2,736

5

LIGHT BERRIES TO EXTRA OIL (6-7% PIPERINE)

Please Contact

Please Contact

Please Contact

WHOLE PEPPER

 

 

 

6

VBP 500 G/L FAQ

$3,563

$3,991

$4,043

7

VBP 550 G/L FAQ

$3,798

$4,227

$4,278

8

VBP 500 G/L Spiral Cleaned

$3,850

$4,279

$4,330

9

VBP 550 G/L Spiral Cleaned

$3,955

$4,383

$4,435

10

VBP 550 G/L Spiral Cleaned Pesticide

$4,155

$4,583

$4,635

11

VBP 570 G/L ASTA

$4,024

$4,453

$4,504

12

VBP 5MM Jumbo Size

$4,148

$4,576

$4,628

13

White PEPPER 630 G/L DW

$5,528

$5,957

$6,008

14

White PEPPER 630 G/L ASTA

$5,573

$6,001

$6,053

 

 

2/ STEAM STERILIZED PEPPER & PESTICIDE GUARANTEE EU COMPLIANCE;

 

NO

ITEM

FOB (USD/MT)

EU MAINT PORT

NY/BAL

STEAM STERILIZED PINHEAD PEPPER FOR GRINDING

 

 

 

1

Steam Sterilized Pinhead < 1MM

$1,223

$1,973

$1,823

2

Steam Sterilized Pinhead 1.5MM - 2MM

$1,593

$2,343

$2,193

3

Steam Sterilized Pinhead 2MM - 2.5MM

$2,040

$2,790

$2,640

4

Steam Sterilized Pinhead Super Quality

$2,486

$3,236

$3,086

STEAM STERILIZED PEPPER

 

 

 

5

Steam Sterilized Pepper 500G/L

$4,116

$4,545

$4,596

6

Steam Sterilized Pepper 550G/L

$4,257

$4,686

$4,737

7

Steam Sterilized Pepper 570G/L

$4,328

$4,757

$4,808

8

Steam Sterilized Pepper 5MM

$4,427

$4,856

$4,907

9

Steam Sterilized White Pepper 630G/L

$5,963

$6,391

$6,443

STEAM STERILIZED PEPPER - EU COMPLIANCE

 

 

 

10

Steam Sterilized Pepper 500G/L

$4,296

$4,725

$4,776

11

Steam Sterilized Pepper 550G/L

$4,437

$4,866

$4,917

12

Steam Sterilized Pepper 570G/L

$4,508

$4,937

$4,988

13

Steam Sterilized Pepper 5MM

$4,607

$5,036

$5,087

14

Steam Sterilized White Pepper 630G/L

$6,143

$6,571

$6,623

 

 

3/ CASSIA/TURMERIC/STAR ANISE;

 

NO

ITEM

FOB

NOTE

1

WHOLE CASSIA;

$3,611

>4% VO

2

CASSIA SPLIT;

$3,522

>4% VO

3

CASSIA BROKEN CLEANED 2% VO;

$2,401

>2% VO

4

CASSIA BROKEN CLEANED 2.5% VO;

$2,712

>2.5% VO

5

CASSIA BROKEN CLEANED 3% VO;

$3,067

>3% VO

6

CASSIA BROKEN CLEANED 3.5% VO;

$3,378

>3.5% VO

7

CASSIA BROKEN CLEANED 4% VO;

$3,867

>4% VO

8

CASSIA STICK CUT 6 - 10CM - ROLLED 90%;

$5,721

>4% VO

9

CASSIA CIGARETTE LONG STICK

$5,676

>4% VO

10

CASSIA POWDER 1 - 1.5% VO;

$1,868

1-1.5% VO

11

CASSIA POWDER 2% VO;

$2,312

2% VO

12

CASSIA POWDER 2.5% VO;

$2,757

2.5% VO

13

CASSIA POWDER 3% VO;

$2,979

3% VO

14

STAR ANISE SUPERIOR;

$17,779

2.5cm, 80% up

15

STAR ANISE STANDARD;

$17,557

2.0cm, 80% up

16

TURMERIC FINGER;

$1,504

 

17

POLISHED TURMERIC FINGER;

$1,730

 

18

TURMERIC POWDER;

$1,414

 

19

TURMERIC SLICE SUN DRIED;

$1,459

 

20

WASHED TURMERIC SLICE SUN DRIED;

$1,594

 

21

TURMERIC SLICE MACHINE DRIED;

$1,594

 

 

 

 

 

 

 

 

 

 

4/ CASSIA STEAM STERILIZED PESTICIDE GUARANTEE;

 

NO

ITEM

FOB

EU MAIN PORT

USA MAIN PORT

 

1

STEAM STERILIZED CASSIA BROKEN 2% VO;

$2,801

$3,507

$3,566

2

STEAM STERILIZED CASSIA BROKEN 2.5% VO;

$3,112

$3,818

$3,877

3

STEAM STERILIZED CASSIA BROKEN 3% VO;

$3,467

$4,173

$4,232

4

STEAM STERILIZED CASSIA BROKEN 3.5% VO;

$3,778

$4,484

$4,543

5

STEAM STERILIZED CASSIA BROKEN 4% VO;

$4,267

$4,973

$5,032

6

STEAM STERILIZED CASSIA POWDER 1 - 1.5% VO;

$2,368

$2,848

$2,888

7

STEAM STERILIZED CASSIA POWDER 2% VO;

$2,812

$3,292

$3,332

8

STEAM STERILIZED CASSIA POWDER 2.5% VO;

$3,257

$3,737

$3,777

9

STEAM STERILIZED CASSIA POWDER 3% VO;

$3,479

$3,959

$3,999

 

 

 

 

 

 

 

 

 

 

 

5/ PEPPER POWDER PESTICIDE GUARANTEE;

 

GROUND STEAM STERILIZED BLACK PEPPER

USD/MT

 

 

- Half Cracked HTST black pepper;

$5,623

- Granulate HTST black pepper;

$5,518

- Coarse HTST black pepper 12 -> 14# ;

$5,255

- Table HTST black pepper 18 -> 28# ;

$5,209

- Fine HTST black pepper 30 -> 34# ;

$5,163

- Ground HTST black pepper 40 -> 100# ;

$5,026

 

 

GROUND STEAM STERILIZED WHITE PEPPER

USD/MT

 

 

- Half Cracked HTST White Pepper;

$7,751

- Granulate HTST white pepper;

$7,603

- Coarse HTST white pepper 12 -> 14# ;

$7,382

- Table HTST white pepper 18 -> 28# ;

$7,318

- Fine HTST white pepper 30 -> 34# ;

$7,253

- Ground HTST white pepper 40 -> 100# ;

$7,061

 

 

 

Thank You & Warm Regards!


 





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