The Pepper market on August 2, 2024 slowed down after the previous day's decline
Aug
Update pepper prices
In the domestic market
Latest records, today's pepper prices moved sideways on a large scale.
Currently, the highest transaction level is 149,000 VND/kg, continuing to be recorded in Dak Lak, Dak Nong, Ba Ria - Vung Tau and Dong Nai.
Traders in Gia Lai and Binh Phuoc are still trading pepper at 148,000 VND/kg.
|
Province/district (survey area) |
Purchasing price (Unit: VND/kg) |
Change compared to yesterday (Unit: VND/kg) |
|
Dak Lak |
149,000 |
|
|
Gia Lai |
148,000 |
|
|
Dak Nong |
149,000 |
|
|
BA Ria Vung Tau |
149,000 |
|
|
Binh Phuoc |
148,000 |
|
|
Dong Nai |
149,000 |
On the world world market
According to an update from the International Pepper Association (IPC) on August 1 (local time), the trading price of Lampung black pepper (Indonesia), the purchasing price of Brazilian black pepper ASTA 570 and the price of Kuching black pepper (Malaysia) ASTA remained stable compared to July 31.
| Type name |
World black pepper price list (Unit: USD/ton) |
||
|
July 31 |
August 1 |
% change |
|
|
Lampung black pepper (Indonesia) |
7,150 |
7,172 |
+0.31 |
|
Brazilian black pepper ASTA 570 |
6,850 |
6,850 |
0 |
|
Kuching black pepper (Malaysia) ASTA |
7,500 |
7,500 |
0 |
At the same time of the survey, the purchasing price of Muntok white pepper increased by 0.31% and the price of Malaysian ASTA white pepper had no new changes.
|
Type name |
World white pepper price list (Unit: USD/ton) |
||
|
July 31 |
August 1 |
% change |
|
|
Muntok white pepper |
8,761 |
8,788 |
+0.31 |
|
ASTA Malaysian white pepper |
8,800 |
8,800 |
0 |
In the second quarter of this year, domestic pepper prices witnessed a record increase from 92,000 - 94,000 VND/kg in early April to 180,000 VND/kg on June 11, corresponding to an increase of 90% in just over two months and is highest level in the past 8 years. After that, pepper prices adjusted back down to 153,000 - 157,000 VND/kg at the end of June.
Thus, by the end of the second quarter, domestic pepper prices had increased by about 93% compared to the beginning of the year and 2.3 times higher than the same period last year.
Pepper prices have skyrocketed in recent times mainly due to concerns about global supply shortages, especially in the two countries that determine the world's supply, Brazil and Vietnam, both of which have reduced output due to the influence of factors such as El Nino weather causes drought. Meanwhile, demand is increasing in some large consumer markets such as the US and EU.
Posts
No comments:
Post a Comment