Pepper Trade Overview
July 09, 2021 | 0 Comments
Vietnam exported 16,764 MT, with a turnover of 59.0 million USD in first half on June 2021 and close to 138,000 MT from the beginning of the year to June 15, 2021, with a total turnover of 437.6 million USD.
Indonesian pepper crop harvest is expected to be delayed with an estimated crop size of 30,000 MT, and available 15,000 MT for export after their domestic consumption of 15,000 MT.
Brazil crop will start in late August or September with project quantity close to 25,000 MT. Prices from Brazil are higher compared to Vietnam.
Indicative price for Brazil ASTA grade at $4100/MT FOB for July/August 2021 shipments. Vietnam pepper FOB HCM prices this week are at $3450/MT for 500 G/L FAQ, $3700/MT for 500 G/L MC, $3760/MT for 550 G/L MC, $3850/MT for 570 G/L ASTA, $4050/MT for 5MM BOLD and $5500/MT for 630 G/L Double washed white pepper.