Black Pepper Global Overview

Posted on
Mintec Global
Spread the news!

Prices of Black Pepper kept firmer and less supply from farmers/dealers with up 0.7% compared with last week Demand coming better from various countries such as EU / USA / ASIA. Although pepper export volume decreased dramatically in September because Vietnam banned movement to prevent Covid-19, pepper prices still maintained good upward momentum with an increase of 3.77%. In the past month.  The reason pepper prices are increasing well is due to the motivation from orders to China, serving the domestic consumption market during the National Day. Besides, there is a positive signal from the fight against Covid-19, when Vietnam reopened again after September 30. Thus up to the present time, pepper price in 2021 still maintains a very steady uptrend due to 2 main reasons:

Vietnam and some significant pepper-producing countries such as Brazil, Indonesia and India are affected by climate change, pandemics, so the output in 2021 decreased sharply. Supply decreased, pepper exports in disease conditions plus increased logistics costs and other costs increased, along with production stagnation, affecting productivity, export output, and delivery schedule. Increased Demand but the untimely supply of goods also creates conditions for buyers to push up the purchase price in the SPOT market. Currently, the world is entering new energy, “fever”. The high price of gas and crude oil, plus transportation costs, will push up the price of input materials and the production cost of commodities, including pepper. This is the basis that the price will continue to increase at the end of this year.

In addition, due to climate change, farmers have not invested in taking care of pepper trees as before, besides the production cost of the new crop is still being pushed up due to the high price of fertilizer in Vietnam. Therefore, pepper output in the new crop year 2022 is forecasted to continue to decrease compared to 2021. Climate change from Vietnam will be pretty complicated in 2021. It does not support the pepper crop 2022.
Brazil: Market stable and firmer trend due to High Demand. The space of the container is tight, and shippers cannot get a booking. Cargo is delayed at the port and can not send load to the destination. Freight rates are becoming more expensive.
Indonesia: Freight rate/space of container continues being difficult, and offers are not much available. Black Pepper and White Pepper are very expensive compared with other origins.
  STEAM STERILIZED PEPPER prices for EU destination from Vietnam :
   Steam Sterilized Pepper 500G/L      $4,613 FOB     $5,149  pmt EU main ports
   Steam Sterilized Pepper 550G/L       $4,766 FOB    $5,302   pmt EU main ports
   Steam Sterilized Pepper 570G/L       $4,842  FOB   $5,378  pmt EU main ports
   Steam Sterilized Pepper 5MM           $4,947 FOB   $5,483   pmt EU main Ports

The following reports may be of interest to you:

Haryana's Mustard Farmers Face Hardship Amid Fluctuating Weather and Market Prices
Sesame Seed Weekly Update: April 25, 2024
Increased Cumin Production in Gujarat and Rajasthan: Implications for Market Prices
Dip in Cashew Exports: India Hits a Seven-Year Low Amid Global Competition
Upcoming Surge in Big Cardamom Prices

Author


Related posts:

Spice Industry in Peril: Drought Threatens Production Across Southern IndiaAugust Month Got Good Hopes For Indian Spices Market overview Black Pepper Market Price Fails To Improve In South India India : Black Pepper Prices Soared In Domestic Market India: Black Pepper Having A Bear Grip In The Market The stable Indian commodities of the week An outlook on the stable commodities turmeric, red chilli, black pepper, and chickpeas. This report will show what are the factors due to which these commodities still have stable prices. black pepper plants womanWorldwide crop forecast of black pepper Why Black Pepper Current Situation is Complex in Indonesia Black pepper India: Export rise in 2021?