Vietnam has 45 tons of black pepper was delivered through the floor Singapore
This is the 3rd time delivery success since February / 2012 when SMX put black pepper 550 Gr / l, popular favorite type of pepper producing countries in Southeast Asia, trading floor . Close of the week, Monday 3/9, the prices of futures on the NCDEX at Kochi - India mitigation. The futures for September delivery lost Rs 190 to Rs 41,185 / kg, equivalent to $ 7,944 / ton and delivery in October also fell Rs 105 to Rs 42,500 / kg, equivalent to $ 7,641 / ton. (1 USD = Rs 55.6203)
Spot pepper prices in parallel with the futures market trend relief of Rs 200 to Rs 38,800 / kg, equivalent to $ 6,976 / ton for raw and Rs 40,300 / kg, equivalent to $ 7,246 / mt for this type of selected.
According to some Indian traders, pepper spot was trading floor has been significantly reduced by supply from local water almost exhausted and prices up so buyers hesitate and search for supplies from imported. While Indias Malabar pepper is popular European and American brand is still very high.
But Indias export volume continues to be limited because the price is still higher than the $ 800-1200 / t compared with the target of the other exporting countries.
Therefore, foreign importers left India to find to target manufacturers such as Indonesia and Brazil to order so in these countries is abundant supply at lower prices, the Indian trader said.
Meanwhile, the prices of futures on the Singapore Mercantile Exchange (SMX) in recent days increased strongly. Closing Monday 3/9, term delivery in September to stand at $ 6,425 / ton and for October delivery at $ 6,407 / ton, up $ 200 from the previous week.
30/8 past, Singapore Mercantile Exchange (SMX) has announced the addition of 45 mt of the August contract delivery in bonded warehouses in Binh Duong province. This is the 3rd delivery to the successful implementation since February / 2012 when SMX put black pepper 550 Gr / l, popular favorite type of pepper producing countries in Southeast Asia, on the floor forward transactions.
Market expectations SMX floor contributed to the pepper as well as agricultural products in South East Asia to more directly with importers.
Export price of Vietnamese black pepper 500g Gr / l-FAQ bid 6300-6350 USD / ton and 550 Gr / l-FAQ bid 6600-6550 U.S. dollars / ton (FOB). Brazilian black pepper cost-B1-6500 USD / ton and B2 $ 6,400 / ton (FOB).
While the Indian MG1 parity in the international market at $ 7,800 / ton (C & F) for delivery to Europe and $ 8,100 / ton (C & F) for every American.
White pepper of origin are slightly more $ 50-100. Specifically, Vietnamese white pepper 630 Gr / L-FAQ bid 9100-9150 USD / ton and white DW 630Gr / l bid 9250-9300 U.S. dollars / ton (FOB). Indonesian white pepper Muntok-FAQ 8900-8950 dollars / ton (FOB), while white pepper Kuching Malaysia priced at $ 9,400 / ton (FOB).
Market recorded stronger activity started after the grain offering of Islamic and European and American buyers sourcing for the upcoming winter.
The traders in the Southeast region, said, buying demand from companies began to increase, but the farm to market very little because they are waiting for a better price.
This morning 4/9, the price of black pepper in the bucket slightly. Specifically, in Ba Ria-Vung Tau cost 126-127 thousand / kg, Binh Phuoc 124-125 thousand VND / kg and the Central Highlands provinces 122-123 VND / kg, slightly 1-2000 / kg compared the previous week.
