Pepper market on August 23: Domestic price stood at 143,000 VND/kg
Aug
Pepper price today August 23 is in the range of 143,000 - 144,000 VND/kg.
The Vietnam Pepper and Spice Association (VPSA) forecasts that pepper prices will continue to increase as demand in the world market remains high, while supply is limited.
At the end of the most recent trading session, the International Pepper Community (IPC) listed Lampung (Indonesia) black pepper price at 7,478 USD/ton, down 0.79%; Brazilian black pepper price ASTA 570 is at 6,300 USD/ton; Kuching (Malaysia) ASTA black pepper price is 8,500 USD/ton.
Muntok white pepper price was 8,804 USD/ton, down 0.8%; 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 reduced Indonesian pepper prices after recent price increases.
Currently, pepper supply is limited globally due to the impact of El Nino. In the long term, in the next 3-5 years, the amount of pepper produced cannot meet the world's consumer demand.
The impact of El Nino climate change at the beginning of the year continued to impact the production and maintenance of pepper gardens of farmers. Next, the La Nina phenomenon made farmers' psychology even more disturbed, especially at the present time durian and coffee prices are high so they are still not attractive enough for farmers to replant the seeds. massively spent.
Vietnam still has about 30% of pepper inventory, equivalent to 50,000 - 55,000 tons. According to VPSA, the output of the next pepper crop is likely to be equivalent or higher than in 2024. The amount of pepper in stock among the population is not much, and although the pest and disease situation still exists, it is not too serious.
According to KTĐT.vn
Posts
No comments:
Post a Comment