Chinese importers have limited purchases Indian peppers
After the Spring Festival, affected by the skyrocketing domestic pepper prices in India, the domestic Indian pepper prices in China have also risen with the tide, with prices rising by 1.00-1.50 yuan/catties. Although the price has increased significantly compared with the previous year, the transaction situation is still not optimistic. What are the influencing factors?
Although there are not many imported new peppers, there is no shortage of domestic Indian peppers
Due to the impact of heavy rains in the new season of peppers in India, market speculation has emerged in an endless stream, and new peppers have risen many times. After the Spring Festival, the price of Indian chili has risen sharply again. Although there has been a slight weak adjustment recently, the price is still running at a high level. In China, the production and sales of Indian peppers are still upside down. Chinese importers do not buy into the high prices of new peppers. They are mostly rationally waiting and seeing. Only a small number of orders have been placed. Therefore, there have been few new arrivals at the port after the year.
According to China Chili Network, the import volume of Indian peppers last year was as high as 210,000 tons, an increase of 37.63% over the previous year. However, the shipment of Indian peppers is not ideal, resulting in a large inventory of Indian peppers in China. In addition, the terminal market has been digested slowly recently, and the overall demand is limited. Even if there are not many new Indian peppers arriving at present, the supply gap is not obvious.
Domestic high-spicy peppers are large in quantity and cheap in price, grabbing market share of Indian peppers
After the sharp rise in domestic peppers in India after the Spring Festival, although Chinese buyers did not recognize it and seldom followed up on purchases, the price did not decline significantly, and the adjustment was mainly based on high fluctuations. Looking at China’s domestic situation, in recent years, high-spicy peppers have developed rapidly, with many planting varieties and increasing planting area year by year, and domestic sources of high-spicy peppers are relatively sufficient. Compared with the current high price of domestic Indian peppers, the price advantage is also more obvious. Therefore, some buyers do not accept high-priced Indian peppers, and instead purchase relatively low-priced domestic high-spicy varieties.
Uncertainties increase, affecting the consumption level of residents
The recent epidemic situation has been repeated repeatedly, and the overall domestic consumption level has been hit again. Whether it is the high-priced three cherry peppers or Indian peppers, buyers’ demand for goods has decreased. In addition, the increasingly severe conflict between Russia and Ukraine and the increasing uncertainty of the domestic economic situation have also made residents consciously reduce their consumption levels to deal with uncertain risks. On the whole, the domestic market demand is smaller than normal years, and the consumption rate of the terminal market is slow.
Based on the above analysis, due to the sluggish domestic demand, coupled with the high price of Indian peppers, which inhibited the speed of supply digestion, the market was tepid.
Later analysis of Indian pepper market
Due to the fact that the production and sales of Indian peppers in China are still upside down, before substantial changes have taken place, there will not be a large number of new Indian peppers arriving in Hong Kong. There is a marked increase.
