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Last week, after continuously decreasing for 2 weeks, the pepper price quickly rebounded with a price increase of around 4% recorded. The amount of pepper offered on the market is not profuse.
Although the market is facing many obstacles such as:
• Shipping costs continue to rise rapidly and are forecasted to remain high until 2025.
• Rising raw material prices alongside longer-than-usual shipping voyages have affected the cash flow of most producers and exporters. Liquidity in the domestic market is often very low at many times.
However, there are still signals indicating that the market will develop sustainably in the coming time, especially in the fourth quarter of 2024 and the first quarter of 2025.
Let’s take a look at some export data for the past 9 months of the last 3 years and the forecast scenario for 9 months of 2024.
Year | Exported QuantityThird Quarter (Metric ton) | Exported Quantity First 9 months (Metric ton) |
|
|
|
2021 | 46.072 | 156.202 |
2022 | 51.668 | 177.221 |
2023 | 51.399 | 204.385 |
2024 | 49.713 | 195.713 |
Please Note; third quarter 2024 and first 9 months 2024 is projection number.
Please see the REPORT FILE & FULL QUOTATION LIST by click to download.
https://drive.google.com/file/d/13CNOZeTWUucDRQrQrZSimeQs8C42wAw7/view?usp=sharing
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