Pepper market on July 9, 2024

 

Pepper market on July 9, 2024: increased simultaneously, exports increased by 1,000 USD since the beginning of the year

Posted onJuly 9, 2024by VPA

09
Jul

Pepper price today July 9 is in the range of 153,000 - 154,000 VND/kg.

At the end of the most recent trading session, the International Pepper Community (IPC) listed Lampung (Indonesia) black pepper price at 7,162 USD/ton, an increase of 0.28%; Brazilian black pepper price ASTA 570 was at 7,175 USD/ton, down 1.05%; Kuching (Malaysia) ASTA black pepper price is 7,500 USD/ton.

Muntok white pepper price was 9,119 USD/ton, up 0.29%; Malaysian ASTA white pepper price is at 8,800 USD/ton.

Vietnam black pepper price is trading at 6,000 USD/ton for 500 g/l type; type 550 g/l at 6,600 USD/ton; White pepper price is at 8,800 USD/ton. IPC continued to slightly increase pepper prices in Indonesia, decreasing in Brazil.

Ptexim's latest weekly report said that many experts in Brazil assess that the 2024 crop in this country will be severely affected by prolonged drought. Brazilian production is expected to be the lowest in many years, with the 2024 crop year down 20-40% compared to 2023.

If experts' forecasts about Brazil are correct, expect the pepper market to be more vibrant from September onwards.

Meanwhile, by the end of June 2024, Vietnam had exported 142,586 tons of pepper of all kinds, of which black pepper reached 125,959 tons and white pepper reached 16,627 tons. Total export turnover reached 634.2 million USD, black pepper reached 539.9 million USD, white pepper reached 94.3 million USD.

Compared to the same period last year, export volume decreased by 6.8%, but export turnover increased by 30.5%. The average export price of black pepper in 6 months reached 4,365 USD/ton, white pepper reached 5,983 USD/ton, an increase of 922 USD for black pepper and 1,028 USD for white pepper compared to the same period in the same 6 months of 2023.

In the first 6 months of 2024, exports to the US increased by 44.6% to 37,435 tons, accounting for 26.3% of the market share. Next is the German market: 9,526 tons, an increase of 106.7%; UAE: 8,388 tons, up 15.2%; India: 8,173 tons, up 45.7%, China: 7,453 tons, down 85.2% and Netherlands: 6,019 tons, up 52.1%. Top white pepper export markets: Germany: 2,454 tons, US: 2,044 tons, Netherlands: 1,779 tons, Thailand: 1,732 tons and China: 1,567 tons...

According to KTĐT.vn

Pepper market update 8th July 2024 – Week 27 – Monthly report.

 

Vietnam

•        Last week, the price of pepper was rapid fluctuations, with prices fluctuating by $100-200 within a day. However, after the decrease, the price of pepper quickly recovered within a few hours. By the end of the week, the price of pepper decreased from 160,000 VND to 159,000 VND, equivalent to 0,6% down.

•        Demand has been relatively slow in the entire market as many countries have started holidays.

Brazil

•        There have been clearer information in the second largest pepper supplier in the world, Brazil. Many experts in Brazil assess that the 2024 season is severely affected by prolonged drought. Brazil’s production is expected to be the lowest in many years, with a decrease in the harvest of the 2024 season by 20-40% compared to 2023.

•        If the forecasts of experts regarding Brazil are accurate, we can expect the pepper market to become more active from September onwards.

 

Please see the REPORT FILE & FULL QUOTATION LIST by click to download.

 

https://drive.google.com/file/d/13CjGCpDlG2Rz0E1exlWfGHGr_64LSTNG/view?usp=sharing

Pepper market on July 8, 2024

 

Pepper market on July 8, 2024: Price fluctuates at 151,000 VND/kg

Posted onJuly 8, 2024by VPA

08
Jul

Pepper price today July 8 is in the range of 150,000 - 151,000 VND/kg. Last week it lost up to 6,000 VND/kg, but pepper is having a series of 2 consecutive days of increases. Signs of supply shortage continue to be the driving force for pepper prices to increase this week, expected to regain the 160,000 VND/kg mark.

In Dak Lak province, today's pepper purchase price is 151,000 VND/kg.

In Dak Nong province, today's pepper price was purchased at 151,000 VND/kg.

In Gia Lai province, today's pepper price is 150,000 VND/kg.

Meanwhile in Dong Nai, today's pepper price is at 150,000 VND/kg.

In Ba Ria - Vung Tau province, pepper price today is at 150,000 VND/kg.

In Binh Phuoc province, today's pepper price is purchased at 150,000 VND/kg.

Pepper prices at the beginning of this morning remained stable in localities compared to the same time yesterday. Summarizing last week, pepper prices decreased by an average of 3,000 - 6,000 VND/kg.

Vietnam Pepper and Spice Association informed that in the first 6 months of the year, Vietnam imported 18,002 tons of pepper of all kinds, of which black pepper reached 16,357 tons, white pepper reached 1,645 tons. Total import turnover reached 69.6 million USD.

Compared to the same period last year, imports increased by 18.9%. The 3 main countries supplying pepper to Vietnam include: Brazil: 7,241 tons, down 22.3%; Cambodia: 6,212 tons, up 34.5%; Indonesia: 2,991 tons, up 67.3%.

In the context of reduced domestic supply, domestic businesses have had to increase import of pepper from other countries. In the past, Brazilian pepper was always considered reasonably priced, and many countries sought to import it. However, this year with the general increase in the market, Brazilian pepper prices also increased quite rapidly. In this country, the pepper harvest is also forecast to be unfavorable.

In addition, increased transportation costs due to political instability in the world make it difficult to import pepper from Brazil. Faced with the above situation, it is understandable that pepper imports from Southeast Asian countries Indonesia and Cambodia increased sharply.

Commenting on the market, experts said that last week it lost up to 6,000 VND/kg, but pepper is having a series of 2 consecutive days of increases during the weekend.

The Vietnam Pepper and Spice Association quoted experts as saying that signs of supply shortage compared to demand will continue to be recorded in the near future until the end of the season. This continues to be the driving force for pepper prices to increase this week, expected to regain the mark of 160,000 VND/kg.

According to KTĐT.vn

 

Market information for Vietnamese and Brazilian pepper

Posted onJuly 2, 2024by VPA

02
Jul

In recent times, price information on the website of the International Pepper Association (IPC) about Vietnamese pepper prices has differed greatly from the information provided by VSPA, and at times there were errors. To avoid psychological fluctuations that lead to making decisions that cause economic damage, we recommend that farmers, agents, export companies, and foreign customers refer to other sources to ensure more objectivity and reliability when deciding to buy/sell. VPSA will try to update information about countries and export prices of Vietnamese Pepper in the most accurate and timely manner.

Data show that by the end of June 2024, Vietnam has exported an estimated 140 thousand tons, with a turnover of 550 million USD, down 8.2% in volume but up 32.2% in value over the same period. 2023. Thus, there are still 7-8 months left until the new harvest (expected after the Lunar New Year from February 2025) while the amount of goods left by people, agents and businesses is not as much as VPSA received. previously determined.

Brazil, by the end of May, had exported 31,846 tons, down 8% over the same period. It is expected that the next harvest will be in August in the Espirito Santos region and in November in the Para region. It is estimated that the whole country will collect about 60 thousand more tons.

According to some farmers in the Espirito Santos region, the harvest in 2024 may be 25-30% lower due to the heat causing most of the first cotton to fall and the ratio of fruit set to buds of the second and second cotton blooms. Phase 3 is quite low so it is expected to only reach about 70% compared to last year. Overall, the whole country in 2024 may decrease by 20-25% compared to 2023.

Some experts believe that signs of supply shortage compared to demand will continue to be recognized and reflected by the market in the coming time until the end of the season.

VPSA

Vietnam Peppermarket update 1st July 2024 – Week 26.

 

We would like to send you a quick highlight

 

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

 

 

 

Pepper price information

Posted onJuly 1, 2024by VPA

01
Jul

In recent times, price information on the website of the International Pepper Association (IPC) about Vietnamese pepper prices has differed greatly from the information provided by VSPA, and at times there were errors. To avoid psychological fluctuations that lead to making decisions that cause economic damage, we recommend that farmers, agents, export companies, and foreign customers refer to other sources to ensure more objectivity and reliability when deciding to buy/sell. VPSA will try to update information about countries and export prices of Vietnamese Pepper in the most accurate and timely manner.

According to forecasts, in 6 months, Vietnam's export is estimated at about 28 thousand tons, equivalent to about 135 USD. Thus, there are still 7-8 months left until the new harvest (expected after the Lunar New Year from February 2025) while the amount of goods left by people, agents and businesses is not as much as VPSA reports. previously stated.

VPSA

Pepper market June 26, 2024

 

Indonesian and Brazilian pepper increased, Vietnam went against the world

Posted onJune 26, 2024by VPA

June 26

Pepper price today June 26 is in the range of 144,000 - 146,000 VND/kg. The International Pepper Community listed an increase in pepper prices in Indonesia and Brazil, while continuing to decrease sharply in Vietnam. Earlier this week, the domestic market had a second shock.

Earlier this week, the domestic market had a sharp decline for the second time since the beginning of the month. Along with that, export pepper prices were adjusted to decrease continuously, causing the domestic market to be affected.

On June 12, domestic pepper prices reached a record level after many years of low levels, reaching 180,000 VND/kg. Immediately after that, the selling force at the peak pulled the price down to 20,000 VND/kg.

The market struggled within the threshold of 160,000 VND/kg for nearly 10 days then dropped sharply by 15,000 VND/kg.

Experts say that in reality, when the price reaches 180,000 VND/kg, buyers almost stand aside. Therefore, adjusting prices down is reasonable now. However, what is the floor price for this reduction, and how many more reductions are there?

Some dealers have faced shortages when they sold out and were unable to buy back when the market increased rapidly. Some agents holding farmers' goods are now back to "squeezing" prices.

At the end of the most recent trading session, the International Pepper Community (IPC) listed Lampung (Indonesia) black pepper price at 7,112 USD/ton, an increase of 0.31%; Brazilian black pepper price ASTA 570 is at 7,500 USD/ton, up 300 USD/ton; Kuching (Malaysia) ASTA black pepper price is 7,500 USD/ton.

Muntok white pepper price was 9,056 USD/ton, up 0.32%; Malaysian ASTA white pepper price is at 8,800 USD/ton.

According to KTĐT.vn