Pepper market on August 14, 2024: Indonesian and Brazilian pepper prices increased along with Vietnam
Aug
Pepper price today August 14 is in the range of 139,000 - 140,000 VND/kg. After a sharp decline at the beginning of the week, domestic pepper prices recovered slightly. In localities where the purchasing price is below the threshold of 140,000 VND/kg, purchasing power also decreased compared to last weekend. IPC also increased pepper prices in Indonesia and Brazil.
Pepper prices early this morning increased by 500 - 1,000 VND/kg compared to the same time yesterday. After a sharp decline at the beginning of the week, domestic pepper prices recovered slightly. In localities where the purchasing price is below the threshold of 140,000 VND/kg, purchasing power also decreased compared to last weekend.
The newly released 2024 status report of the Vietnam Pepper and Spice Association said that, according to Decision No. 431/QD-BNN-BNNPTNT of the Ministry of Agriculture and Rural Development dated January 26, 2024 on approving Approve the project to develop key industrial crops until 2030, in which pepper is planned for the whole country: 80,000 - 100,000 hectares, including the Central Highlands: 60,000 - 70,000 hectares; Southeast: 25,000 – 30,000 hectares; Other provinces: 5,000 - 10,000 hectares (Quang Tri, Quang Binh, Binh Thuan, Binh Dinh, Phu Yen, Kien Giang).
In terms of advantages, pepper is an agricultural crop with a long history of development, associated with the lives of many generations of people in the Central Highlands provinces and has become a concentrated commodity production industry, meeting all conditions. exported to the world market.
The provinces have issued policies to encourage the development of agriculture in general and high-tech agriculture in particular to support production development and increase value, including pepper.
Farmers have experience in intensive farming and pepper production, and scientific and technical advances are gradually being applied: organic pepper production, application of economical irrigation technology, reasonable use of fertilizers... gradually. Steps to bring pepper production towards sustainability and environmental friendliness.
Regarding difficulties, the application of technical procedures for planting, care and harvesting, and application of scientific and technical advances to ethnic minority areas is still limited. Breed structure is not yet rich. The ability to invest in farming and access capital is difficult. Agricultural input prices are high.
There is not much replication of the model. Infrastructure is not guaranteed and is outdated. Production also depends too much on nature. In addition, mechanisms, policies and solutions for sustainable pepper development have not been effectively implemented into actual production.
At the end of the most recent trading session, the International Pepper Community (IPC) listed Lampung (Indonesia) black pepper price at 7,334 USD/ton, an increase of 0.49%; Brazilian black pepper price ASTA 570 was at 6,175 USD/ton, up 1.21%; Kuching (Malaysia) ASTA black pepper price is 8,500 USD/ton.
Muntok white pepper price was 8,635 USD/ton, up 0.5%; Malaysian ASTA white pepper price is at 10,400 USD/ton.
Vietnam black pepper price is trading at 5,800 USD/ton for 500 g/l type; type 550 g/l at 6,200 USD/ton; White pepper price is at 8,500 USD/ton. IPC increased pepper prices in Indonesia and Brazil.
According to KTĐT.vn
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