GLOBAL black pepper prices are likely to continue falling over the rest of the year due to expectations of a large Vietnamese crop which could boost the worldwide surplus by up to 50,000 tonnes. Vietnam increased production from 30,000 to 90,000 tonnes.This is a ridiculous increase out of a global production of about 220,000 tonnes. […]
Vietnam is expected to have a larger crop this year, which some trade sources have estimated at between 80,000 and 100,000 tonnes.The expectation of a larger Vietnamese crop had already been factored in to prices…READ MORE
Vietnamese pepper prices have already begun to decline. Last week they were at $1,400 a tonne faq, from $1,600 a tonne at the start of the year. Since the start of the year, there has been limited interest from importers who are unable to get rid of their bulging stocks…READ MORE
Despite forecasts last year of a tight black pepper market during the first quarter of 2003, traders are now anticipating a glut and lower prices in most origins.The largest player in the field, Vietnam, have already begun their harvests, which are expected to total around 140,000 tonnes…READ MORE