Tropfin (Thailand) Co., Ltd 138/89 J.C. Building Fl 11 - J 11 Nares Road, Siphaya, Bangrak, Bangkok 10500 - Thailand Tel: +66 (0)2 267.6713 Fax: +66 (0)2 267.6714 E-mail:
[email protected]
Pineapple – Thailand April,, 2014 April Fruit intake and raw material price Incoming volume of raw material during April has still been limited: 100-250 tons and 300-600 tons per day, were processed by small / medium size factories and big size factories respectively. The volume is considered not enough for each factory during main season and production volumes remain less than export volumes. Raw material price has moved up even a bit further from the previous month. Incoming volume of raw material might be slightly improved during May-June, when traditional peak comes out. Unless there will be a bumper crop during summer, raw material price is expected to remain high as factories are not receiving enough raw materials to produce for their pending orders.
PJC Bx60 prices Spot market prices for Pineapple Juice Concentrate (PJC) Bx60 are moving up to USD 1,400 - 1,500 pmt FOB Thailand for freshly produced PJC from winter crop. PJC stocks from fresh production are limited especially for aseptic pack as factories seem to be behind schedule on pending contracts. This is caused by continuing low volumes of incoming raw materials during past 6 months. For spot deliveries most factories could offer only small quantities at non negotiable price levels. The PJC price is expected to firm further during coming months, because of unusual low stock levels just before the start of the low season: July-September.
Pineapple, Thailand, Raw mat price: 2011 - 2014
Data source: Office of Agricultural Economics (OAE)
Weather, b/a, nitrate Rainfall during April in both South (main pineapple growing areas) and East areas were limited and well under 10 years average. Continuously limited rainfall will potentially effect to pineapple plantations. Temperatures during April in both areas were higher than the previous month, but considered at the same level as the 10 years average. In coming 2-3 months, PJC b/a ratio ranges will be on the higher side and nitrate levels will be decreased due to higher temperatures. Rain amount and temperature during Apr’12 – Apr’14 in major pineapple growing areas
The DDU (duty unpaid) prices in Europe for PJC Bx60 as standard blend in tank wagon or a grade A product in drums directly from origin, is rising now to over USD 1,500 pmt and will rise further in coming months as also stocks in Europe seem to be drying up and offered prices will be more directly related to the price levels in origin. Thai PJC exports in MT
Netherlands Italy Spain U.K. France Germany Russia
2011 53,697 15,795 4,273 1,665 1,815 2,123 669
Jan-Dec 2012 50,522 12,241 4,463 2,659 1,108 242 1,232
2013 50,031 7,302 3,813 2,782 1,270 322 1,897
Jan-Mar 2013 2014 13,996 10,419 1,667 1,765 1,167 696 928 407 506 241 45 20.8 365 59
During January to March PJC shipments from Thailand worldwide were at 29,080 MT appr. 25% down compared to the same period last year. Shipments to Italy, Japan, Nigeria, UAE and China were up. Shipments to all other volume buying countries (Netherlands, USA, Australia, Iran and Spain) were down.
Data source: Thai Meteorological Department (TMD)
