Pepper increased sharply over the weekend in Vietnam. FAQ 500 g/l material is around $5900 pmt FOB HCMC and 550 g/l around 6200 pmt FOB HCMC. These are the two key materials used for making the Whole black re-cleaned, cracked and white pepper.
The main reason cited by major processors in Vietnam is the cash rich position of the farmers…ie;, they do not need to sell.
India remained stable over the weekend, so this price increase from Vietnam brings Vietnam roughly…