CUMIN EXPORTERS IN INDIA

India is world`s largest country who produces, consumes, exports wide range of spices since ancient times to the different part of the world. And cumin is one of those spices which are used worldwide from Middle East to Eastern part of India. Every year India exports more than 180,300 tons of cumin and JRP Impex Pvt. Ltd are leading traders and exporters from India, provides best quality of cumin to many corners of the world. The global consumption for cumin is estimated to be 187,000 tons every year and the major importers are Brazil, Canada, Columbia, Japan, Malaysia, Indonesia etc.

Cumin is a flowering plant which is part of Apiaceae family and derived from Latin term Cuminum. It is a dried seed of the herb Cuminum, a member of the parsley family famously known as JEERA in India. The plant of cumin grows up to 30-50 cm tall and are harvested by hand. It is sown in spring season and requires hot temperature (25 and 30 °C) and take 3 to 4 months to grow completely, at low temperature leaf color starts changing from green to purple. The Mediterranean climate is most suitable for growth. In India sowing process start from month of October to December and are harvested in the month of February. Since ancient time cumin is not only used for food but used in many sectors like medicines, essential oils, perfumes etc. Cumin considered to be homemade medicine used to cure many health issues. The medicinal uses of cumin are, improves blood circulation, has anti-septic properties which provides instant relief against acidity, good source of iron, antioxidant and stabilize free radicals, cures itchiness and body heat, increases immunity system etc. India and China are largest producers of Cumin, which produces around 70% of the world supply and at same time also considered to be largest consumers also. Other than that Mexico also produces large quantity of cumin every year.

It is especially important in food and export industries to maintain the food quality level. If the standard is not maintained and not matched with quality standards of other countries, they may just depose it or reject it. But JRP impex has always kept the quality standard up to the mark. Other than cumin we do export wide range of other agricultural products like peanuts, spices, nuts, dry fruits etc. Our do have team of experts which are always there to help and guide out there during the time of exports. If you are looking for any agricultural products, please feel free to contact JRP impex Pvt.Ltd. or visit our website: www.jrpimpex.com.

Black Pepper Market Report for Export/Import & Trading

JRP Impex is a very well known trader and exporter in Europe, Asia, America, and the Middle East for spices and you can get the finest black pepper anywhere in the world. Located at India JRP Impex can resource the best quality of grounded black pepper and whole black pepper which harvested from natural resources and maintaining the highest of quality available in the international exports. Our every resource or products go through a set of system to maintain the same quality and we also offer specific packaging to meet the demand of our customers. Our organization is focused on quality with quantity. 

Market Aanlysis on Black Pepper Exports 

Vietnam  Despite unparalleled global business disruptions triggered by COVID-19, closing third quarter of 2020, Vietnam managed to export roughly 223,082 tons of Pepper with an estimate 5% drop from last year same period. As of FH Q4- 2020 third week October, they have managed to export approximate 15,405 tons with a summed-up total of approx. 240,000 tons for the first 10-month period this year. We have seen as both importers and exporters ride out the market fluctuations from Q1-2020, slowly recovered by Q2 and then managed to stay sharply firm at Q3. Local market price was able to stay at an average 50k dong/kg to a whooping 55k dong/kg FH of Q4. Although trading activities have shown dullness for almost four (4) consecutive months (Jul-Oct), sellers remain unaffected and fixed with firm offers mainly because of the continuous local coverings, FDI attractions and regain of China demands.

Furthermore, it was quite clear that the exports percentage drop was predominantly influenced by the heavily reduced inputs of Chinese importers during the peak of COVID-19 outbreak. This low trend is about to change as China begins to dominate the market this Q4 to cover their needs. Another major stir at Q3 was the peak season surge in freight carrier (GRI), pushing Asia to US bound to rose almost a 100% from the usual. This could be attributed to the after months of cancelled and blank sailings to a sudden momentum gain of required bookings from shippers. By beginning of fourth quarter period, month of October, the focal attention shifted to the current La Nina episode. Vietnam have started to experience the first wave of the abnormal weather pattern, mostly in Middle and Central Highlands of which three (3) pepper growing provinces such as Dak Lak, Dak Nong and Gia Lai are situated. Earlier it was initially reported that next year crop will be lesser due to some pepper farmers forsaking their pepper plants. This could worsen with the current situation. If persists, an estimate of 5-7%+ damage due to La Niña is expected. In general, pepper planted area is reduced. Several pepper containers which were blocked for clearance by Nepal government due sudden import ban have finally reached back to Vietnam Port after a period of seven (7) months being held at Kolkata and Nepal dry port. As per news, Nepal government may lift ban on imports of pepper and other commodities in the month of November 2020. Indonesia— a hype in demand for Indonesia Black Pepper was seen due to low offers during harvest period as compared to other competitors. However, beginning Q4 market price slowly became firmer due to the strength of Indonesia Rupiah currency and possibly thinning stocks.

Brazil  Sundried Pepper, which is produced mainly in North of Brazil (Para) has been heavily bought by major European Industries and Traders. This region has produced less in 2019 and likely to finish their crop by End of Nov/Dec. Thus, almost all suppliers nowadays are withdrawing as farmers are beginning to build up their safe stock position. Espiritu Santo, South of Brazil is experiencing a dry weather which may lower the output of their crop in January 2021. Both origins shippers complain of low-density issues and several shipments have been delayed due to unavailability of high-density material.

White Pepper

Vietnam mid third quarter, the issue in EU compliance MRL in Chlorate/Perchlorate was the talk of the town. The issue soon faded down late September when VN suppliers immediately adapted with the EU’s fastidious market requirement. The fast recovery a month after China demands for White levitated by SH October contributing to the firmness of VN origins and seller’s lack of selling pressure for other importing countries.

Indonesia  Muntok level of demands boosted due to two factors: 1) few expected stock due to damaged crop, 2) the issue of VN origin in EU. Price soon stabilized but still considerably at a high range if compared to last year period level of pricing. Fourth quarter, suppliers are holding their offers for the time being, not keen in taking bids.

2018-2020 Vietnam Pepper % Change Overview Per kg Raw Price Month-wise comparison in Dong Currency

Month            2018    2019    2020
Jan                   65.07   48.73   39.85
Feb                  65.96   45.18   37.02
Mar                 55.47   45.84   37.71
Apr                  59.87   44.45   38.06
May                 59.90   44.55   45.15
Jun                  56.68   46.38   51.19
Jul                   53.85   39.90   48.85
Aug                 50.43   44.24   48.84
Sept                 51.53   41.67   49.54
Oct                  57.45   41.14   55.00
Nov                 58.73   40.98
Dec                  53.89   53.53
Annual Ave     57.40   44.72   44.92

Ocean Freight Update 

Asia – North America (Transpacific Eastbound)
Rates: Steady
GRI October 15: waived
GRI November: Likely implemented

Carrier equipment shortages and capacity constraints are at all- time difficult levels. Vessels from all major carriers and POLs are booked out at 100%+ capacity and are delaying releasing of SO. Sources said capacity constraints will continue through the rest of Q4.

Asia – Europe (Far East Westbound)
Rates: Increase
GRI October: Partially implemented/ some extensions by carriers.

Fast recovery post Golden Week. Market expected to be very strong in Oct/Nov. There is still severe equipment shortage, and it is necessary to be flexible on equipment substitution where possible (40’ST and 40’NOR instead of 40’HC).

2019-2020 Brazil Pepper % Change Overview Per kg Raw Price Month-wise comparison in BRL Currency

ANALYSIS / OBSERVATIONS:

  • Aggressive and discounted shippers’ of 2020 season are now extremely cautious, and their levels are now in par with other shippers. Vietnam sellers are in comfortable position and not keen to offer any discounted prices due to limited inventories from current crop and expected lower productions in 2021.
  • Multinational based in Vietnam had to rely more on Vietnam pepper in 2021 as alternative origin prices are at par with Vietnam prices. Their active participation is certain during harvest period.
  • Thin coverage for Q4 and 2021 crop may bring fresh demand during Nov 2020 -Jan 2021, which may hike pepper prices further from current levels.
  • Carry-over stocks are expected to be low. Thus, we may notice a higher opening prices during harvest period. Raw prices are expected to be 55-60k dong/kg during harvest period 2021 and post-harvest may rise sharply.
  • By FH of 2021, significantly quantities will be out of Vietnam and volatility in prices are expected during 2nd half of 2021. Extended coverage is recommended during harvest period.
  • Inventory levels at destinations are dwindling, as a result, prices slowing moving up. VII. If price remains firm, speculators and Chinese presence will be noticed throughout the year.

Source : www.royalgoldentrading.com

Foreign Exchange Currency (USD)

Currency Q1 Q2 Q3
Vietnamese Dong 23,218.85 23,379.01 23,182.60
Brazilian Real 4.45 5.37 5.38
Indonesia Rupiah 14,251.74 14,952.66 14,716.38

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