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On Friday, we released our April 26th market report. See the summary below and reach out to info@jhelton.com if you are interested in receiving the full report. Pepper The market rose rapidly during the ASTA meetings in AZ with internal speculation in Vietnam, a weaker Dong, and higher ocean freights. It corrected momentarily early this week and quickly stabilized before VN closed for their 5 day Reunification/Labor Day break. Exporters there insist that come May, we are heading UP. Brazilian sellers remain scarce and most only want to offer for nearby/prompt.  Other Spices Egyptian new crop ANISE offers are down from last year's levels. CILANTRO spot stocks are limited. Madagascar CLOVES are easing. Spot CUMIN is also tight; material arriving in a few weeks is discounted. DILL WEED is another item where quantities for quick pickup are thin. Egypt is now offering FENNEL at levels that compete with India's market. There are very competitive stocks of Malaysian MSG on spot. MUSTARD levels have backed down, but new crop offers are not discounted. New crop PIMENTO is not yet offered. Dutch POPPY forward offers are competitive. Indian SESAME is available at pricing which is near bottom levels over the last few years. Bright yellow TURMERIC firmed still more. 

On Friday, we released our August 16th market report. See the summary below and reach out to info@jhelton.com if you are interested in receiving the full report. Pepper The standoff continues. Brazilian offers are rare even as the Belem crop is coming in and Vietnam is monitoring the situation. The few U.S. buyers willing to step in are targeting aggressive levels, but with origin quantities limited most shippers are unwilling to accept those bids. Common wisdom is that when the absent players return - those on holiday and Chinese dealers are most commonly referenced - the limited stocks should trigger quick volatility. It is clear that there is coverage to be done - when interest resumes it should be substantial. It is an interesting moment. Other Spices ANNATTO offers remain limited and firm; Peru is not yet offering new crop and inventories from last season are being picked up quickly when offered. Finland is now cautiously selling new crop CARAWAY. The CARDAMOM market is drifting with limited activity despite underlying strong fundamentals. Egyptian DILL WEED will be available earlier in the last quarter because of the new farm initiatives. Turkish OREGANO prices are firm because of a reduction in production this season; Mexico is now offering new crop at strong levels. New crop PIMENTO is available and asking levels are widely varied from different sellers. There is still a long time before new Indian TURMERIC is harvested and buyers are extending coverage in light of thin inventories.

On Friday, we released our July 19th market report. See the summary below and reach out to info@jhelton.com if you are interested in receiving the full report. Pepper Vietnam's offers have drifted with few buyers in the market; reluctant sellers who had been unwilling to match more aggressive offers now are more willing to compete. Towards weeks' end Brazil is much more competitive, and there is more availability of steam sterilized product. Indonesia continues to undercut Vietnam on WHITE; China is taking advantage. Other Spices The Indian CHILLIE market has dropped over the past month, but the corresponding decline in pricing is offset largely by higher freight rates. Indian CUMIN quotes are range-bound at healthy levels; still no pressure from other harvests. Turkish LAUREL sellers for current crop LAUREL are rare and no one seems to be ready to offer the coming harvest. Their OREGANO market is also strong as a result of a substantial crop reduction, but buyers are absent also. We still only are aware of only one new crop PIMENTO seller with pricing 10% above the value of the few remaining stocks from last season. The early season strength of the Indian TURMERIC market has abated; there has been substantial sowing for the coming crop.

On Friday, we released our January 19th market report. See the summary below, and reach out to info@jhelton.com if you are interested in receiving the full report. Pepper Vietnam's market advanced at the tail end of the week. Perhaps the likelihood of higher freight rates for later shipments - i.e. higher net pricing - was enough impetus to persuade those were on the fence about booking material. Most Vietnamese shippers are cautious about selling new crop, but there are some who will offer well into the year without asking a premium - but FOB only. Some attention shifted to discounted Brazilian material, where offers are limited now. Indonesian WHITE continues to draw interest. Other Spices ANNATTO offers are hard to find and there is interest. We are through Guatemala's election turmoil and our contacts report a quick normalization of commerce, and minimal impact on the strong CARDAMOM market. Chinese CHIVES are tight in the U.S. CLOVE offers advanced. Good crops of CUMIN this year are anticipated in India, China and Syria. India and Egypt have also sown good FENNEL quantities - but current crop Egyptian stocks are thin. Indian GINGER is strong, trading internally almost double of the typical internal price levels. U.S. stocks of imported ONION are tight until new crop from India arrives. Indian speculative activity in cumin is declining - instead shifting now to TURMERIC.

On Friday, we released our June 21st market report. See the summary below and reach out to info@jhelton.com if you are interested in receiving the full report. Pepper In our last report we anticipated a "pause." Indeed there was a substantial correction as the strength had been too abrupt for the market to absorb. We then saw a bounce off the bottom and the market is now steadier as buyers have re-emerged. Our office saw limited sales during the dramatic surge. So the prices now are real. Since the start of 2024 markets have advanced about $4,000/T (more than doubling from the base); the move in the last month is about $2500/T. While we are at an inflection point, all indications are that this is a market in which filling in positions when there are "easier" periods is an appropriate strategy. Other Spices Freight rates continue to surge; the Red Sea situation, heavy volumes, limited availability of containers, weather conditions in Asia, are all factors. Indonesian CLOVE offers are quite competitive. Competitive CARAWAY offers are scarce. China has bought Indian CUMIN as their market has held steady lately while their harvest should happen in about a month. MUSTARD levels have eased; favorable crop conditions in Canada are pointing in a good direction. PIMENTO shippers remain cautious about offering new crop because of continuing heat and drought.  

PEPPER PRICES ON JULY 19: WHEN WILL THEY ESCAPE THE CURRENT VOLATILITY? In Đắk Lắk province, the pepper price today is being purchased at 148,000 VND/kg. In Đắk Nông province, the pepper price today is being purchased at 149,000 VND/kg. In Gia Lai province, the pepper price today is 147,000 VND/kg. Meanwhile, in Đồng Nai, the pepper price today is 147,000 VND/kg. In Bà Rịa - Vũng Tàu province, the pepper price today is 148,000 VND/kg. In Bình Phước province, the pepper price today is being purchased at 148,000 VND/kg. Pepper prices this morning remained stable compared to the same time yesterday. At the end of the latest trading session, the International Pepper Community (IPC) listed the price of black pepper Lampung (Indonesia) at 7,209 USD/ton, down 0.19%; the price of Brazilian black pepper ASTA 570 at 7,125 USD/ton; and the price of black pepper Kuching (Malaysia) ASTA at 7,500 USD/ton. The price of white pepper Muntok is 9,179 USD/ton, down 0.19%; the price of Malaysian white pepper ASTA is at 8,800 USD/ton. Vietnamese black pepper is trading at 6,000 USD/ton for the 500 g/l type; 6,600 USD/ton for the 550 g/l type; and the price of white pepper is at 8,800 USD/ton. The IPC slightly adjusted the pepper price in Indonesia downwards after just one day of increase. Regarding the market, Hoàng Phước Bính, Vice Chairman of the Chư Sê Pepper Association (Gia Lai), informed the press that the current pepper price is experiencing "volatility," meaning it goes up and down, but overall the trend will continue to rise. The main reason is that the supply of pepper in Vietnam is currently exhausted due to a significant decrease in the 2023 – 2024 crop yield compared to the previous season. Not only this year, but pepper prices will continue to remain high for many years to come, as each price increase cycle usually lasts around 10 years. However, even though pepper prices are high, the potential for recovering the area and production of pepper is not significant. This is because current pepper farmers have learned from the previous price increase cycle. Contact me now: 📧Email: thiep.nguyen@silopcorp.vn 🕸Visit our website: www.silopcorp.vn 📱Mobile: +84 968.429.299 (WhatsApp) #PEPPERPRICES #JULY19 #MARKETVOLATILITY

Read our latest Market Update to get insights about what impacted the coffee price last week! 📈☕ The Arabica coffee market began the week under downward pressure but found strong support at the 192 and 195 levels and rebounded accordingly. Rains in Vietnam have returned, dousing the driest regions of the Northern Central Highlands and bringing relief after a scorching and dry period. The rains were timely as desperate farmers were running out of well water to irrigate coffee crops. Despite scattered showers, much more rain is still required to ease the region's drought conditions. Precipitation in Vietnam remains a crucial driver for coffee prices. According to the latest reports, the main coffee-growing area of Dak Lak has not received enough water. This year, the broader province has only received 50% of its average precipitation. The sharp pullback recently experienced in the coffee market can be partially attributed to weather and Robusta and partially a consequence of a general selloff in the soft commodity complex. The cocoa market had a major collapse, losing almost 30% in one week. Speculative flows also accelerated the downturn as funds ran for the exit. During the past week however, the recent fund liquidation appears to be coming to an end allowing prices to stabilize. The harvest has finished in Mexico and Central America, and availability is very limited. Peru will become the focus going forward, as the harvest has just started. The crop is a bit delayed, and the peak is projected for June/July. A relatively stable week saw prices consolidating, inching upwards by only 0.20%, settling at 201.15.

On Friday, we released our June 7th market report. See the summary below and reach out to info@jhelton.com if you are interested in receiving the full report. Pepper It has been an extraordinary market, with offers surging at an unprecedented rate, and buyers frozen as the changes have been too fast. Little business is being finalized in recent days because of this, and our office also has seen a few "exceptional" offers discounting general market levels. Perhaps we will see a pause going into next week as some profit-taking happens. But strong fundamentals remain in place and most origin offers are firm - for those who offer... most will not. Expect further strength. Other Spices Chinese freights have surged, and anticipation there will soon be parallel increases in India have made shippers cautious about forward sales. There is increasing concern about end of the year CARDAMOM harvests. New crop CELERY prices drifted - despite some reports of disappointing production - to a level that has drawn strong demand. India has a good CHILLIE harvest. Canada has little large CORIANDER left and has just started quoting new crop at level's similar to Morocco which can ship their fresh product now. India's higher CUMIN levels are sticky as their internal market is resisting bearish sentiment; China's reluctance to sell new crop now is key. Indian DILL quantities are short and arrivals are slow. GINGER spot sellers are willing to take profits. MSG offers here are sharp. 

PEPPER PRICES ON JUNE 3: SHOCK INCREASE EXCEEDS FORECASTS, HEADING TOWARDS 150,000 VND/KG. In Đắk Lắk province, today's pepper price is 142,000 VND/kg, an increase of 9,000 VND/kg. In Đắk Nông province, today's pepper price is 144,000 VND/kg, an increase of 10,000 VND/kg. In Gia Lai province, today's pepper price is 138,000 VND/kg, an increase of 6,000 VND/kg. Meanwhile, in Đồng Nai province, today's pepper price is 137,000 VND/kg, an increase of 5,000 VND/kg. In Bà Rịa - Vũng Tàu province, today's pepper price is 138,000 VND/kg, an increase of 5,000 VND/kg. In Bình Phước province, today's pepper price is 139,000 VND/kg, an increase of 7,000 VND/kg. This morning, pepper prices increased by 5,000 - 10,000 VND/kg compared to the same time yesterday. The Đắk Lắk - Đắk Nông area saw the strongest increase, with some places rising up to 10,000 VND/kg, pushing the domestic market far beyond the 140,000 VND/kg mark. It has been a long time since the market experienced such a price surge. Last week, domestic pepper prices increased by 13,000 - 14,000 VND/kg. Concerns over supply and tight sea freight rates are reasons for the sharp rise in pepper prices. The shocking price increase over the weekend has stunned market participants. At the beginning of the harvest season, even the most optimistic forecasts predicted pepper prices surpassing 100,000 VND/kg would be a success. Now, the 150,000 VND/kg mark is no longer far off. Besides internal factors such as supply concerns, decreased production, sea freight, and rising global demand, experts believe that speculative activities are influencing the market. There might be a significant price increase followed by a sell-off by major players. Therefore, farmers should be cautious in their transactions and avoid trading based on rumors. Contact me now: 📧Email: thiep.nguyen@silopcorp.vn 🕸Visit our website: www.silopcorp.vn 📱Mobile: +84 968.429.299 (WhatsApp) #PEPPERPRICES #JUNE3 #SHOCKINCREASE #FORECASTEXCEEDED #150000VNDPERKG

🌾 Why Are Barley Prices Falling Despite Tightening Supply? The global malt supply chain is at a crucial halfway point in 2024, with unexpected trends emerging. Here’s a glimpse into what’s driving these changes: 1. Regional Barley Crop Variability: The tight global supply is influenced by differing crop conditions. A very wet season impacted Europe's barley crop, and lately Canada has faced crop challenges; meanwhile, Australia and Argentina are showing positive outcomes. 2. Economic Pressures: Economic uncertainty is affecting global commodity markets, reducing demand, and putting downward pressure on prices. 3. Demand and Processing Dynamics: Weaker malt demand in Europe and other key markets is leading to lower malt prices, which in turn impacts barley prices. To gain a deeper understanding of these trends, explore our monthly RMI Journals, which provide an in-depth analysis of each aspect. Request a sample of our monthly Journal today to see how our expertise can enhance your understanding of market trends and industry shifts, whether you're focused on regional details or a global perspective. Contact us at info@RMI-Analytics.com #BrewingNews #MaltIndustry #BarleyTrends #IndustryUpdates #2024Outlook