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27 April, 2020

 

Global pepper market is forecast to be slow due to affected by COVID-19.

 

Disease movements are still complicated, especially in the US&Europe - the major pepper markets in the world, will cause less import demand. The global pepper market maybe continue  faces disrupted supply due to social isolation requirements and restrictions on clearance of cargo from many countries around the world.

 

 

 

 

 

Through a quick inspection again with Customs & Department of Agriculture and Rural Development, Vietnam has exported up to 42,330 tons of pepper in March (higher than the figures we forecast last week over 8.000 tons). The first quarter 2020 export reached 83,246 tons that increasing by 12.6% compare with the same period in 2019 (exported 72,726 tons). This is new records from Vietnam and very impressive for everybody too.

 

March also recorded a sharp increase in imports to more than 10,000 tons from Chinese, it’s biggest quantity was imported within 1 month from China until now. Details of export/import data each country, I will try to analyze and send you within end this week.

 

Pepper market opening today with less offer from domestic suppliers. Market very steady and China continue buying beside other countries like ASIA/USA/EU.

hotieuudhp

Source: peppertrade.blogspot
Vietnam - Pepper Market Update 20th April 2020

Huge demand from Chinese for prompt shipment especically white pepper.

Price is under farmer cost with crop less than 2019 that encourage many domestic speculators/collectors buying and stockpile.

Exporters also covering short position for all commitment full year shipment 2020.

Source: peppertrade.blogspot

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