Pepper market on May 14, 2024: increased in Dak Nong, how is pepper in Brazil and Indonesia?
May
Pepper price today May 14 is in the range of 102,000 - 103,000 VND/kg. Last week, Chinese traders made positive moves in increasing purchasing. Even though it's only a small volume, it still has a positive impact. The market turned its attention to the new harvest in other countries.
In Dak Lak province, today's pepper price was purchased at 104,000 VND/kg.
In Dak Nong province, today's pepper price was purchased at 103,000 VND/kg, an increase of 500 VND/kg.
In Gia Lai province, today's pepper price is 103,000 VND/kg.
Meanwhile in Dong Nai, today's pepper price is at 103,000 VND/kg.
In Ba Ria - Vung Tau province, pepper price today is at 104,000 VND/kg.
In Binh Phuoc province, today's pepper price is purchased at 103,000 VND/kg.
Pepper price early this morning increased by 500 VND/kg in Dak Nong, remaining stable in other areas compared to the same time yesterday.
At the end of the most recent trading session, the International Pepper Community (IPC) listed Lampung (Indonesia) black pepper price at 4,902 USD/ton; Brazilian black pepper price ASTA 570 is at 4,900 USD/ton; Kuching (Malaysia) ASTA black pepper price remained at 4,900 USD/ton.
Muntok white pepper price 6,447 USD/ton; Malaysian ASTA white pepper price is still at 7,300 USD/ton.
Vietnam black pepper price is trading at 4,600 USD/ton with 500 g/l type, 550 g/l type at 4,700 USD/ton; White pepper price is at 6,600 USD/ton. IPC kept pepper prices in other countries unchanged compared to yesterday.
Last week, according to observers, Chinese traders made positive moves in increasing purchases. Even though it's only a small volume, it still has a positive impact on the market.
Since the beginning of the month, Vietnam's coffee price increased to 130,000 VND/kg, then suddenly decreased, currently maintaining 100,000 VND/kg. The above move causes cash flow to shift to pepper.
In the coming time, the market will turn its attention to new harvests in other countries.
According to the Vietnam Pepper and Spice Association, drought in Espírito Santo and Bahia states is expected to affect the ongoing harvest (April to June) in Brazil. It is expected that total Brazilian pepper production will only reach about 95-100 thousand tons, equivalent to 2023, lower than the forecast of 105 thousand tons by the end of 2023 of the International Pepper Association (IPC).
Brazil's average FOB pepper price in the first quarter of 2024 increased by 22.7% compared to the first quarter of 2023. Specifically, in January the average price was 3,252 USD/ton, then in March the export price reached 3,664 USD/ton, an increase of 12.7% compared to January 2024. In April, the price continued to increase by 8.3%. % reached 3,969 USD/ton.
In Indonesia, inventory levels are currently low due to reduced annual production. This country's exporters are said to be "closed" to the export market because output mainly provides for domestic consumption.
According to KTĐT.vn
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