INDIA
Pepper price up rapidly continues due to pandemic control better and huge demand in
domestic.
INDONESIA
Indonesia's domestic and international pepper prices were stable this week after 3
consecutive weeks of increases due to the lack of market transactions.
MALAYSIA
Malaysian pepper prices fell due to the weakening of the Malaysian Ringgit against the USD
(4.21 MYR/USD), down 1%. International pepper prices continued to be traded stably in the
past 3 weeks.
SRI LANKA
domestic pepper prices continued their upward trend in the past 6 weeks.
BRAZIL
Pepper prices continued an uptrend in the past week. Freight rate is changing daily and it is not easy to find a booking.
VIETNAM
Last week, pepper prices had strongly increased at the beginning of the week, but then there was a slight correction because the market still lacked liquidity when the coffee market was still in an exciting stage.
Farmers and domestic agents continue to focus their financial budget on the coffee market, so the domestic pepper market is quiet.
However, the light berries pepper market for essential oil extraction is very busy with great demand in the domestic market/India and China.
Pepper for essential oil extraction has had an impressive increase of 5-6% in just the past week.
The Central Highlands is the main raw material area of Vietnam's pepper; Unfavorable weather , along with a shortage of workers when many localities have to take measures to prevent and control the Covid-19 epidemic, have affected the take care, harvesting and drying of coffee first in this crop year 2021/2022 and this will definitely affect the pepper crop 2021/2021 in the next couple month.
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