Pepper market on August 3, 2024

 

Pepper market on August 3, 2024: the opposite face of pepper prices in Southeast Asian countries

Posted onAugust 3, 2024by VPA

03
Aug

Pepper price today, August 3, is in the range of 146,000 - 147,000 VND/kg. After decreasing in the past 3 weeks, domestic and international Indian pepper prices both tended to increase this week. Harvests in Brazil and Indonesia are forecast to have lower yields due to unfavorable weather conditions.

At the end of the most recent trading session, the International Pepper Community (IPC) listed Lampung (Indonesia) black pepper price at 7,176 USD/ton; Brazilian black pepper price ASTA 570 is at 6,750 USD/ton; Kuching (Malaysia) ASTA black pepper price is 8,500 USD/ton.

Muntok white pepper price 8,793 USD/ton; Malaysian ASTA white pepper price is at 10,400 USD/ton.

The price of Vietnamese black pepper 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. During the weekend session, while Vietnam's domestic market decreased, IPC continued to adjust pepper prices in Indonesia and Malaysia.

IPC commented that this week's pepper market continues to have mixed reactions. After decreasing in the past 3 weeks, domestic and international Indian pepper prices both tended to increase this week. Meanwhile, Indonesian black pepper prices have been stable in recent weeks.

Information about crops in different countries, the Vietnam Pepper and Spice Association said that in Brazil, the harvest in the states of Espírito Santo and Bahia has ended with output 10% lower than last year. due to the impact of the El Nino drought phenomenon at the beginning of the year.

Brazil is continuing to harvest in the Espirito Santos region and in November in the Para region. It is estimated that this country will collect about 60 thousand more tons. It is forecasted that climate change (La Nina) will affect the production of Brazilian pepper in the coming months.

Indonesia is expected to harvest in August (slower than usual from July) but the output is not satisfactory. In the first 5 months of 2023, Indonesian pepper exports reached 15,643 tons, an increase of 48.3% over the same period last year. Main export markets include: China accounting for 20.1%; Vietnam accounts for 17.5%; The US accounts for 17.3% and India accounts for 10.3%.

In the first 6 months of 2024, the average FOB price of Indonesian black pepper has increased continuously since February with an increase of 16% compared to the second quarter of 2023 and an increase of 30% compared to the first quarter of 2023. Similarly, the average FOB price of Indonesian white pepper also increased by 9% and 5% compared to the first quarter of 2023 and the second quarter of 2023, respectively.

According to KTĐT.vn

 

 

 

Pepper market on August 2, 2024

 

The Pepper market on August 2, 2024 slowed down after the previous day's decline

Posted onAugust 2, 2024by VPA

02
Aug

Pepper prices today stood still.

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.

According to VietnamBiz.vn

 

How much does Vietnam buy Brazilian pepper?

Posted onAugust 2, 2024by VPA

02
Aug

Despite recording an increase of 19%, Brazil's pepper export price to Vietnam is the lowest price among the top 15 importing countries of this country?

Vietnam is the largest pepper exporter to the United States

According to the International Trade Center (ITC),  pepper exports  from the world's main producing countries have contradictory patterns. In the first half of 2024, the two leading exporting countries in the world, Vietnam and Brazil, decreased by 6.8% and 6.0%, respectively. In the same direction, Malaysia's exports also decreased by 8.1%, while Indonesia and India's exports increased by 48.3% and 34.1%.

Vietnam is Brazil's largest pepper buyer

Compared to the same period in 2023, in the first 6 months of 2024, the average FOB price of black pepper and white pepper in most main producing countries increased sharply, except India. Specifically, the average FOB price of black pepper increased by 27% and the average FOB price of white pepper increased by 14% over the same period last year. The strongest increase was recorded in Brazilian black pepper, followed by Vietnam and Indonesia.

Global pepper trade from the beginning of the year until now recorded a decrease of more than 20% compared to the same period in 2023. The largest decrease came from the Chinese market, down 85%, mainly because this country reduced imports from Vietnam.

The United States  is the largest pepper consuming market in the world, of which Vietnam is the largest exporter to the United States accounting for 75.8%, followed by India accounting for 8.5%, Indonesia accounting for 8.4%. and Brazil accounts for 4.0%.

The price of Brazilian pepper exported to Vietnam increased by 19%

In Brazil, the harvest ended in the states of Espírito Santo and Bahia with yields 10% lower than last year due to the impact of the El Nino drought phenomenon at the beginning of the year.

Brazil is continuing to harvest 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. Climate change (La Nina) will affect the production of Brazilian pepper in the coming months.

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.

In the first 6 months of 2024, Brazilian pepper exports reached 37,181 tons, turnover reached 141.7 million USD, down 6.0% in volume but up 21.4% in value compared to the same period last year.

Brazil's main export markets include: Vietnam reached 5,910 tons, accounting for 15.9%, down 21.5% over the same period. Next is the market reaching India: 3,892 tons, accounting for 10.5%, an increase of 47.2%; Pakistan reached 3,703 tons, accounting for 10.0%, an increase of 63.3%; Senegal reached 3,659 tons, accounting for 9.8%, down 19.6% and Morocco reached 3,565 tons, accounting for 9.6%, down 9.5%...

Exports to Egypt, the Netherlands, and Mexico decreased while exports to the UAE and Germany increased, especially exports to the United States increased by 701.1% to 1,402 tons, however compared to the same period in 2022, it reached 3,002 tons. export volume decreased by 53.3%.

 The average Brazilian pepper export price in the first 6 months of the year reached 3,810 USD/ton, up 29.3% over the same period last year, of which the export price in June increased by 31.1% compared to January 2024. Notably, the average price of Brazilian pepper exports to Vietnam reached 3,488 USD/ton, an increase of 19.0% over the same period in 2023 and this is the lowest price among the top 15 importing countries, lower than the UAE. : 4.0%; India: 7.8%; Netherlands: 8.8%; United States: 9.2% and Germany: 17.5%.

In Vietnam, Ms. Hoang Thi Lien - President of the Vietnam Pepper and Spice Association - said that Vietnam's pepper exports  in the first 6 months of 2024 reached 142.5 thousand tons compared to the year's harvest. 2024 will reach about 170 thousand tons, the remaining output is estimated to reach about 28 thousand tons.

Inventories from the 2023 crop combined with imports in 2024 of about 40-45 thousand tons (including quota imports) show that the source of exported goods from August until the end of the year will be lower than every year and until March. /2025 when the 2025 crop is expected to be harvested. It is forecasted that pepper prices  will have unusual fluctuations such as on June 11, the price increased sharply by 20,000 VND in the morning but dropped sharply again in the afternoon.

The domestic pepper market in the early days of August was still trading around the 147,000 - 150,000 VND/kg mark although many comments about supply shortages in the country and the world were still being made. Currently, both sellers and buyers are waiting for the latest market movements when Indonesia is expected to harvest the pepper crop in August.

Some experts continue to comment 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. Currently, Brazil has 3 sterilized pepper factories and is building 2 more factories and will be completed in 2025. In the future, Brazilian pepper will compete better with Vietnam, so imported supply will less, so Vietnamese businesses need to proactively source raw materials.

According to Congthuong.vn

 

 

 

Pepper market on July 31, 2024

 

Pepper market on July 31, 2024, pepper prices stagnated for 4 consecutive sessions

Posted onJuly 31, 2024by VPA

31
Jul

Pepper price today is stable in the range of 149,000 - 150,000.

Update pepper prices

In the domestic market

Latest records,  today's pepper prices  continue to move sideways nationwide.

Currently, traders in Dak Lak, Ba Ria - Vung Tau, Dong Nai and Dak Nong continue to buy pepper at the highest price of 150,000 VND/kg.

Lower at 149,000 VND/kg is the purchasing price in Gia Lai and Binh Phuoc provinces.

Province/district (survey area)	Purchasing price (Unit: VND/kg)	Change compared to yesterday (Unit: VND/kg)
Dak Lak	150,000	–
Gia Lai	149,000	–
Dak Nong	150,000	–
BA Ria Vung Tau	150,000	–
Binh Phuoc	149,000	–
Dong Nai	150,000	–

On the world world market

According to an update from the International Pepper Association (IPC) on July 30 (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 29.

Type name	World black pepper price list (Unit: USD/ton)
	July 29	July 30	% change
Lampung black pepper (Indonesia)	7.153	7,138	-0.21
Brazilian black pepper ASTA 570	6,950	6,950	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 decreased by 0.21% and the price of Malaysian white pepper ASTA had no new changes.

Type name	World white pepper price list (Unit: USD/ton)
	July 29	July 30	% change
Muntok white pepper	8,765	8,747	-0.21
ASTA Malaysian white pepper	8,800	8,800	0

Brazil's pepper export price to Vietnam reached an average of 3,488 USD/ton, up 19% compared to the first half of last year, but the lowest among the top 15 countries importing pepper from Brazil. At the same time, it is significantly lower than Vietnam's average export price of 4,454 USD/ton to the international market during the same period.

Other leading pepper export markets of Brazil in the first half of 2024 include: India reaching 3,892 tons, an increase of 47.2%; Pakistan reached 3,703 tons, an increase of 63.3%...

In addition, the amount of pepper shipped to the US and EU increased sharply. Specifically, exports to the US increased nearly 8 times to 1,402 tons, to Germany increased 14.8%, to France increased 37.1%, to Italy increased 150%. However, some other markets such as Senegal, Morocco, Egypt, the Netherlands... witnessed a decline.

Brazil is currently the second largest pepper producer and exporter in the world after Vietnam, accounting for 17-18% of global supply. However, the country's pepper exports are facing the risk of a decline for the third consecutive year due to crop failure.

It is expected that Brazil will enter the next harvest in August in the Espirito Santos region and in November in the Para region. It is estimated that Brazil will collect about 60,000 more tons.

According to VietnamBiz.vn

Pepper market on July 28, 2024

 

Pepper market on July 28, 2024, the market last week increased again in localities

Posted onJuly 28, 2024by VPA

28
Jul

Pepper prices today  fluctuate between 148,000 - 150,000 VND/kg. Over the past week, pepper prices increased by about 3,000 - 4,000 VND/kg.

Update domestic pepper prices

Pepper prices last week increased from 3,000-4,000 VND in localities.

Specifically, after increasing 3,000 VND/kg, the two provinces of Ba Ria - Vung Tau and Binh Phuoc adjusted the transaction to a common level of 148,000 VND/kg.

Traders in Gia Lai and Dong Nai are buying pepper at a price of 149,000 VND/kg, an increase of 4,000 VND/kg.

The highest transaction level of 150,000 VND/kg was recorded in Dak Lak and Dak Nong after an increase of 4,000 VND/kg.

Update pepper information

According to data from the General Department of Customs, in the first 6 months of the year, Vietnam exported a total of 141,392 tons of pepper of all kinds with a value of 629.9 million USD, down 7.4% in volume but increasing by more than 30% in value compared to the same period in 2023.

Of which, India is Vietnam's fourth largest pepper consumption market with a volume of 6,813 tons, worth 28 million USD, a sharp increase of 46.5% in volume and up to 90.6% in value.

According to data from the Indian Ministry of Commerce, by the end of May, the country's total pepper imports reached 12,482 tons, an increase of nearly 11% over the same period last year.

Notably, Vietnam was the largest pepper supplier to India in the first 5 months of the year with a volume of 5,220 tons, an increase of 42.5% over the same period last year. This result helps Vietnam's pepper market share in India expand from 32.5% to 41.8%.

Next is Sri Lanka reaching 2,790 tons, down 1.7% and accounting for 22.4% market share; Brazil reached 2,554 tons, an increase of 50.7% and accounting for 20.5%; Indonesia reached 1,274 tons, an increase of 5.9% and accounting for 10.2%.

The four countries mentioned above accounted for a total of nearly 95% of India's pepper supply in the first 5 months of the year.

Vietnam's average export price of pepper to India in 5 months increased by 29.7% to 4,371 USD/ton, higher than the price of 3,414 USD/ton in Brazil and 3,141 USD/ton in Indonesia, but lower than the price of 3,414 USD/ton in Brazil and 3,141 USD/ton in Indonesia. with Sri Lanka's figure of 6,190 USD/ton.

According to VietnamBiz.vn

Pepper market on July 25, 2024

 

Pepper market on July 25, 2024: Average price 149,000-150,000 VND/kg

According to official data, Vietnam is no longer the largest supplier to China in the first half of this year

Posted onJuly 25, 2024by VPA

25
Jul

Pepper price today July 25 is in the range of 148,000 - 150,000 VND/kg. Pepper prices early this morning decreased by 1,000 VND/kg in Ba Ria - Vung Tau and Dak Lak. According to official data, Vietnam is no longer the largest supplier to China in the first half of this year.

Experts say that continuous heavy rains in the last days of July help ease concerns about affecting pepper output in the coming season. Thereby pushing the market down slightly.

According to data from China Customs, in June 2024, the country imported more than 2,000 tons of pepper, 2.5 times more than in May and up 40% over the same period last year.

Among pepper supplies to China from abroad, Indonesia accounts for more than half with 1,375 tons, more than twice the same period last year. This is the largest source of pepper for China through official channels in June and the first 6 months of the year.

The average price of imported pepper in the Chinese market in June was more than 4,400 USD/ton, up 22% over the same period last year but down 7.4% compared to May.

According to official data, Vietnam was the second largest pepper supplier to China (after Indonesia) in the first half of this year with 1,515 tons, down 7.6% over the same period last year. At the same time, Vietnam's market share in China accounted for 32.7%, down slightly from 36.5% in the same period last year.

At the end of the most recent trading session, the International Pepper Community (IPC) listed Lampung (Indonesia) black pepper price at 7,191 USD/ton; Brazilian black pepper price ASTA 570 is at 7,125 USD/ton; Kuching (Malaysia) ASTA black pepper price is 7,500 USD/ton.

Muntok white pepper price 9,157 USD/ton; Malaysian ASTA white pepper price is at 8,800 USD/ton.

The price of Vietnamese black pepper 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.

According to KTĐT.vn

Pepper market on July 24, 2024

 

Pepper market on July 24, 2024: Price dropped back to 147,000 VND/kg

Posted onJuly 24, 2024by VPA

24
Jul

Pepper price today 24/7 is in the range of 147,000 - 148,000 VND/kg, down 1,000-2,000 VND compared to yesterday. Indonesia harvests pepper in July with expected good output. While production estimates are good, they may not have much of an impact on prices as speculators have tried to buy up all available material.

At the end of the most recent trading session, the International Pepper Community (IPC) listed Lampung (Indonesia) black pepper price at 7,191 USD/ton; Brazilian black pepper price ASTA 570 is at 7,125 USD/ton; Kuching (Malaysia) ASTA black pepper price is 7,500 USD/ton.

Muntok white pepper price 9,157 USD/ton; Malaysian ASTA white pepper price is at 8,800 USD/ton.

The price of Vietnamese black pepper 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 continues to maintain pepper prices in other countries.

In the latest weekly report, IPC stated that Chinese white pepper prices recorded an increase. Prices increased sharply in the past month in Hainan, China due to expected low output and domestic speculation.

According to surveys, in recent years, the pepper growing area on Hainan Island - China has been about 330,000 mu (Chinese measurement unit, 1 mu = 666.7 m2), accounting for more than 90% of the total planted area. target of this country.

Although it is China's main pepper production area, Hainan Island is not the main import-export trade area, pepper trading activities are mainly carried out in Yulin - Guangxi and Bozhou - An. Huy.

This year in China's main pepper production area, crop failure is also worrying, and speculation is also hoarding goods. Since the beginning of the year, the amount of pepper exported from Vietnam to this market has decreased sharply. According to data, China still imports about 50,000 thousand tons of pepper from Vietnam every year.

According to experts, perhaps China and European traders are waiting for information and new releases from the harvest in Indonesia. If the crop in this Southeast Asian country is less favorable, low output and prolonged domestic speculation in China will force them to increase imports of Vietnamese pepper again. This will be the year-end growth driver for Vietnamese pepper.

According to the Center for Industry and Trade Information (Ministry of Industry and Trade), Indonesia harvested pepper in July with expected good yields in most key growing areas. Scattered rains during the growing stage are beneficial for pepper fruit formation. While production estimates are good, they may not have much of an impact on prices as speculators have tried to buy up all available material.

According to KTĐT.vn