Kochi: Pepper exports from Vietnam fell by 39% to 2,560 tonnes in February compared with same period a year ago. As per the estimates around 40 per cent of the harvesting operation was over in Vietnam at the end of February. According to Spices Board data, Malabar grade pepper, popularly known as MG1, was priced in New York at $4.32 a kg for the week ended February 29, compared with $4.01 in the previous week. Price of MG1 in New York went up by around 44 per cent to $4.32 compared with a year ago. Supply from Vietnam is getting tighter when global carryover stock of pepper has been estimated at a lower level of 57,000 tonnes at the beginning of this year compared with 82,000 tonnes last year. Vietnam's pepper exports dwindled by around 30% to 82,804 tn in 2007 (January-December) compared with 117,544 tonnes in the previous year. According to trade circles here, sellers in Vietnam are quoting $3,850 a tonnes (Rs 156,483) for 500GL grade on free-on-board basis while 550GL is priced at $3,950 (Rs 160,547) a tonne.
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