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In Kochi, the price of Malabar black pepper also decreased. Stable prices were reported in Lampung, Bangka and Sri Lanka...
03/17/2018

In Kochi, the price of Malabar black pepper also decreased. Stable prices were reported in Lampung, Bangka and Sri Lanka. Trade source in Dubai reported price of Brazilian pepper at $3,100, $3,000 and $2,900 per Mt for Basta, B1, and B2 respectively.

In 2017 Malaysia exported 12,184 Mt of pepper, consisting of 10,484 Mt of whole pepper and 1,700 Mt of ground pepper, valued at US$ 72.7 million. As against 12,549 Mt of export in 2016, there was a marginal decrease of 3% in volume in 2017. In terms of value, export earnings from pepper decreased by almost 40% from US$ 119 million in 2016. Whole pepper export decreased while for ground pepper increased. Japan remained the most important market absorbing 24% of pepper exported by Malaysia. China, Viet Nam and Taiwan also imported significant quantity of pepper from Malaysia.

In Vietnam, the market stills keep stable in the slow down trend even this time is peak season.





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UPDATE 7 MARCHIn India, Malabar black is reported at the level of INR 408 per Kg which decreased from INR 419 at the beg...
03/07/2018

UPDATE 7 MARCH

In India, Malabar black is reported at the level of INR 408 per Kg which decreased from INR 419 at the beginning of the week. When compared to last week, a marginal increase was recorded.

In Lampung, Sarawak and Sri Lanka black pepper prices were reported stable. In dollar terms however, the local price decreased marginally, due to weakening of local currency against US Dollar recorded at these countries. In Bangka, white pepper price increased by 2%.

During 2017 export of pepper from Brazil increased significantly by 28,400 Mt (91%) from 31,100 Mt in 2016 to 59,500 Mt in 2017. In terms of value, Brazil realized export earnings from pepper of around US$ 274 million in 2017 as against US$ 247 million in 2016, an increase of around 11%.
Germany and the United States of America remained the major market for Brazil, absorbing 42% of total export from Brazil. Germany shared 13,381 Mt (22%) and USA accounted for 11,886 Mt (20%). Mexico and Spain imported around 4,260 Mt (7%) each of pepper from Brazil in 2017.

In Vietnam, Tet holiday is coming so the market is unchanged and remain stable. In Jan 2018 Vietnam exported total 17,198 MTs with 15,257MTs Black pepper and 1,941 MTs white pepper. Total first 2 months 2018, expected the volume reach 29,000 MTs.

Green & RedSmell & taste follow the colors
02/21/2018

Green & Red

Smell & taste follow the colors

Vietnam remains world’s No 1 exporter of cashewsVietNamNet Bridge - Though it is the world’s top cashew exporter, Vietna...
01/26/2018

Vietnam remains world’s No 1 exporter of cashews

VietNamNet Bridge - Though it is the world’s top cashew exporter, Vietnam imports 1 million tons of cashew nuts out of 1.4 million tons of raw materials every year for processing.

vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, cashew nut export, technology transfer, MOIT

The country has been relying heavily on the world’s material market. If the material prices fluctuate, Vietnamese enterprises may fail to fulfill export contracts or deliver products on schedule, and their products may not meet requirements on food hygiene.

In 2016, Vietnam exported 347,000 tons of cashew nuts worth $2.84 billion, increasing by 5.6 percent in quantity and 18.4 percent in value compared with 2015. In that year, the world’s total cashew nut output was 3 million tons, while Vietnam imported 1.1 million tons.

In the first eight months of 2017, Vietnam exported 223,000 tons worth $2.2 billion, which represented the 1.1 percent decrease in volume, but the 24.9 percent increase in value compared with the same period of 2016. The average export price was $9,842.5 per ton in the first seven months, or 27.2 percent higher.

According to Vinacas, Vietnam plans to obtain $3 billion from cashew nut exports in 2017, or $160 million higher than 2016. Meanwhile, due to the bad weather, the output is modest, just 300,000 tons and the amount of cashew nuts for processing is 250,000 tons only.

As such, to fulfill the export plan, Vietnam would have to import 200,000 tons more in 2017 than the last year.

According to Nguyen Duc Thanh, chair of Vinacas, most markets which import processed cashew products from Vietnam set high requirements on quality and food hygiene. This means that Vietnamese processors need to be sure that the input materials have high quality. Therefore, Vinacas believes that Vietnam needs to expand the cashew growing area.

Do Ha Nam, chair of Intimex Group, said Vietnam is No 1 in the world in cashew nut processing technology and it has the best products in the world. Therefore, Vietnam needs to boost exports to earn more money. He thinks now is the right time for farmers to expand the cashew growing area again as raw cashew nuts now can go for good prices.

In 1996, Vietnam began importing raw cashew nuts from Africa. In 2016, Vietnam surpassed India to become the biggest cashew nut exporter. Vietnam’s products are consumed in more than 100 markets.

By the end of 2016, Vietnam had 300,000 hectares of cashew growing area, mostly in Binh Phuoc, D**g Nai and Ba Ria – Vung Tau. The raw material price increased from 10,000-12,000 per kilo some years ago to VND40,000 per kilo.

Last week we took a look at the history of salt, so this time it’s pepper’s turn. Unlike salt, which can be found or mad...
01/26/2018

Last week we took a look at the history of salt, so this time it’s pepper’s turn. Unlike salt, which can be found or made practically anywhere in the world, black pepper is indigenous only to Vung Tau, a province in southwest Vietnam. References to pepper appear in Greek and Roman texts, suggesting an ancient trade between Vietnam and the West. As early as 1000 B.C., traders from southern Arabia controlled the spice trade and pepper routes, enjoying a huge monopoly over an increasingly profitable business. To protect their valuable routes, traders created fantastical stories about the hardships endured in order to procure spices. What Englishman in his right mind would want to travel around the globe just to be attacked by a dragon guarding a pepper pit?

By medieval times, the middle leg of pepper trade routes was still firmly controlled by Muslim traders, while Italian city-states like Venice and Genoa held a monopoly on shipping lines once the spice reached the Mediterranean. Pepper was costly to ship—the Silk Road, the most well-known trade route, stretched over 4,000 miles—but was such a desirable spice that Italian traders could essentially set their own prices. This led to pepper’s status as a luxury item in medieval Europe. Even today, the Dutch phrase “pepper expensive” refers to an item of prohibitive cost.

Eventually, the rest of Europe got tired of paying the high Venetian prices for pepper imports and decided to take matters into their own hands. Thus began the age of Christopher Columbus, Vasco de Gama, Sir Francis Drake and other explorers. Indeed, Columbus stocked the holds of his ships with what he believed to be pepper and brought the spice all the way from the West Indies. Only back in Spain did he discover that his ships weren’t full of priceless peppercorns but worthless chili peppers.

Pepper’s popularity quickly spread through world cuisines once more trade routes were established. At one time it accounted for a whopping 70 percent of the international spice trade. As it became more readily available, the prices dropped, and ordinary people were able to enjoy it. Regional cuisines began incorporating pepper into their foods alongside native spices and herbs. This resulted in typical spice blends such as garam masala in India, ras el hanout in Morocco, quatre épices in France and Cajun and jerk blends in the Americas.

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