Friday, October 25, 2024

Vietnam Pepper - Ba Ria - Vung Tau: Risk of pepper crop failure

 

Ba Ria - Vung Tau: Risk of pepper crop failure

Currently, pepper gardens in Ba Ria - Vung Tau are in the fruit growing stage to prepare for the harvest around mid-January 2025.

However, due to the impact of unfavorable weather, pepper flowers fell off, resulting in low fruit set rates and a high risk of crop failure. Many farmers are worried because pepper prices are currently high, around 150,000 VND/kg, so profits will decrease sharply.

At this time, pepper gardens are in the fruit-bearing period. Looking at the percentage of pepper trees bearing fruit, it can be seen that this year's pepper crop yield will decrease sharply. In Xuyen Moc district, many pepper gardens have lush, green leaves, but the fruit-bearing rate is very sparse. Mr. Tran Van Phap in Hamlet 1, Hoa Hung Commune, Xuyen Moc District, has a pepper garden of 1.1 hectares, sharing that if last year his family's pepper garden yielded more than 5 tons, this year the fruit-bearing rate is only about 50% of last year's yield.

According to Mr. Phap, when people were preparing the trees to flower, the weather was harsh and prolonged, and drought caused the trees to stop sprouting and not flower. The trees that did flower fell off in large numbers, causing the fruit set rate on the trees to be very low.

The 3-hectare pepper garden of Mr. Hoang Van Quan's family in Hoa Hiep commune is in a similar situation. Despite being invested in quite systematically and grown organically, the family's pepper yield this season has still decreased sharply due to the adverse effects of the weather. The expected yield is only about 6 tons of fruit, equal to 50% of last year's output.

Meanwhile,  pepper prices are high , so the crop failure is a big regret for farmers. After many years of falling pepper prices, pepper gardens have been neglected and not invested in. Now, when pepper prices are high, growers are focusing on taking care of them, but they are facing unfavorable weather and crop failure - Mr. Quan regretfully shared.

In Chau Duc district, the province’s largest pepper growing area, many farmers are facing a similar situation. Mr. Ho Van Thu’s nearly 2-hectare pepper garden, residing in Binh Gia commune, Chau Duc district, also saw a decrease in productivity due to the weather. It is estimated that this pepper crop from Mr. Thu’s garden will yield only 2.5 tons instead of 5 tons like the previous crop.

Mr. Thu said that  pepper  is a sensitive plant, as unpredictable as the weather, and crop failures often occur. This year's yield is expected to decrease by more than 50%. Mr. Thu said the reason is due to the erratic changes in the weather. This year the rainy season came late, the weather is dry, hot, and the humidity is low, which is not favorable for pepper to bloom.

According to statistics from the Department of Agriculture and Rural Development, the pepper growing area of ​​the province is currently about 10,500 hectares. Although pepper prices have started to increase again since the 2023 crop year, farmers have focused on investing in and caring for pepper plants, but due to the impact of the weather, it is forecasted that this year's pepper crop will have a sharp decrease in output compared to last year.

Currently, pepper growers in the area are focusing on taking care of their plants to prepare for the new harvest. Given the current fluctuations in the pepper market, the local agricultural sector recommends that people focus on taking care of healthy and suitable pepper gardens to stabilize production. Areas of infected and dead pepper plants should not be replanted, but should be switched to other suitable crops.

At the same time, growers need to grasp the market in time to have appropriate investment levels. At the same time, continue to care for and prevent pests and diseases to ensure sustainable development of pepper plants in the following crops. At the same time, people focus on participating in chains linked with businesses to produce clean, high-quality products that can be exported to demanding markets, increasing the value of Ba Ria - Vung Tau pepper.

Source: Hoang Nhi (Vietnam News Agency)

Tuesday, October 22, 2024

Pepper Market October 22, 2024

 

Pepper Market October 22, 2024: Prices remain stable

Pepper prices today, October 22, range from 143,500 to 145,000 VND/kg. At the end of October 2023, coffee prices fluctuated around 60,000 VND/kg; pepper was at 70,000 VND/kg. After one year, both agricultural products doubled.

At the end of October 2023, coffee prices fluctuated around 60,000 VND/kg; pepper was at 70,000 VND/kg. After one year, both agricultural products doubled.

As of mid-October 2024, Vietnam's pepper exports officially exceeded 1 billion USD. The Import-Export Department (Ministry of Industry and Trade) forecasts that world pepper prices will remain high in the short term due to limited supply. However, high prices limit demand for this commodity, causing people to tighten spending. In particular, weak demand from the Chinese market continues to be the reason for restraining the growth of pepper.

However, in the long term, pepper export prices will still be supported, because Vietnam's output of this commodity in the 2025 crop is not expected to increase. The 2025 pepper crop in Vietnam will be harvested almost entirely in February, with some regions extending to March and April, 1-2 months later than previous years due to the impact of prolonged drought...

At the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Lampung black pepper (Indonesia) at 6,795 USD/ton, up 0.01%; the price of Brazilian black pepper ASTA 570 at 6,400 USD/ton; the price of Kuching black pepper (Malaysia) ASTA at 8,700 USD/ton.

Muntok white pepper price is 9,302 USD/ton; Malaysian ASTA white pepper price is at 11,200 USD/ton.

Vietnam's black pepper price is trading at 6,500 USD/ton for 500 g/l; 550 g/l at 6,800 USD/ton; white pepper price at 9,500 USD/ton. IPC kept pepper prices stable in other countries in the first trading session of the week.

According to KTĐT.vn

Monday, October 21, 2024

Vietnam Pepper and Spices Association attends Sial Paris 2024 International Food Exhibition

 

Vietnam Pepper and Spices Association attends Sial Paris 2024 International Food Exhibition

From October 19 to 23, 2024, the Vietnam Pepper and Spice Association will participate in the Sial Paris 2024 International Food Fair - one of the leading events of the food industry worldwide. This is a great opportunity to promote Vietnam's diverse pepper and spice products and agricultural products to buyers and industry experts from all over the world.

The Association's general booth has 8 participating enterprises displaying high-quality Vietnamese products including:

– Tran Chau Group Joint Stock Company

– Phuc Thinh Import Export Investment Joint Stock Company

– Dong Duong Dragon Import Export Company Limited

– Jayanti Company Limited

– Nguyen Hau Joint Stock Company

– Dung Nhi Thanh Joint Stock Company

– Minh Phong Import Export Joint Stock Company

– Sapo Dak Lak Joint Stock Company.

The main products on display include: Pepper, Cinnamon, Star Anise, along with a number of other spices. In addition, the delegation also introduced a number of other agricultural products such as rice, fruits, shrimp crackers, demonstrating the richness and diversity of Vietnam's agricultural sector.

We would like to invite our customers and partners to visit the Association's booth at Hall 4 - J183 to discover the unique flavors and high quality products that Vietnam has to offer.

VPSA

Friday, October 18, 2024

Signs of instability hidden behind market stability

 

Signs of instability hidden behind market stability


The domestic pepper market is experiencing complicated developments, with trading prices increasing slightly on October 16, 10, but still containing many unstable factors. It is forecasted that prices tomorrow, October 2024, 17, will likely continue to maintain a stable price, but it is still necessary to closely monitor the latest market developments.

Pepper prices today (October 16, 10) in key regions recorded a slight increase compared to yesterday. Specifically, pepper prices Dak Lak purchased at 144.000 VND/kg, Chu Se pepper price (Gia Lai) purchased at 143.500 VND/kg, an increase of 500 VND/kg compared to yesterday. Pepper price Dak Nong Today's price is recorded at 144.000 VND/kg, unchanged from yesterday.

In the Southeast region, pepper prices today (October 16, 10) also recorded fluctuations compared to yesterday. Specifically, in Ba Ria - Vung Tau, it is currently at 2024 VND/kg, an increase of 144.000 VND/kg. At Binh Phuoc Pepper price today is at 144.000 VND/kg, up 500 VND/kg.

However, pepper prices world Today, there are signs of a slight decrease. Update on world pepper prices from the International Pepper Community (IPC), at the end of the most recent trading session, IPC listed the price of Indonesian Lampung black pepper at 6.744 USD/ton, and the price of Muntok white pepper at 9.233 USD/ton.

The price of Brazilian ASTA 570 black pepper was at USD 6.750/ton. The price of Malaysian ASTA black pepper remained stable at USD 8.700/ton; the price of this country's ASTA white pepper reached USD 11.200/ton.

Today, the price of Vietnamese black pepper lost up to 300 USD/ton, trading at 6.500 USD/ton for 500 g/l; 550 g/l at 6.800 USD/ton; white pepper price at 9.850 USD/ton.

Pepper price forecast October 17, 10: Signs of instability hidden behind market stability
Pepper price forecast October 17, 10: Signs of instability hidden behind market stability.

The gap between domestic pepper prices and world pepper prices has been creating certain pressures on the Vietnamese pepper market. Although Vietnam's pepper exports remained positive in the first 9 months of 2024, with a total export turnover of 991 million USD, the decrease in pepper prices in the world market may affect domestic pepper prices in the coming time.

In addition, pepper output in 2024 is expected to be lower than last year, as many farmers cut down pepper trees to plant more profitable crops such as durian and coffee. Pepper output in 2024 is estimated to reach only about 170.000 tons, down 10% compared to last year. This is also the lowest level in the past 5 years.

It is expected that Vietnam's 2025 pepper harvest will be almost entirely in February 2, with some regions extending to March and April, 2025-3 months later than previous years due to the impact of prolonged drought. This will increasingly limit Vietnam's pepper supply, putting further pressure on domestic pepper prices.

In addition, climate change is also a factor that directly affects pepper production. El Nino and La Nina have been negatively affecting farmers' cultivation and maintenance of pepper gardens, reducing pepper yield and quality.

Based on the above analysis, it is forecasted that pepper prices tomorrow, October 17, 10, will likely continue to maintain a stable price, fluctuating between 2024 - 143.000 VND/kg. However, the pepper market still contains many unstable factors.

Investors and farmers need to closely monitor the latest market developments, including: world pepper prices, domestic pepper output, consumption demand and the impacts of climate change. In addition, investors also need to pay attention to policy information related to the pepper industry, because this is also an important factor affecting prices.

*Information for reference only.



Sources: https://congthuong.vn/du-bao-gia-tieu-ngay-17102024-dau-hieu-bat-on-an-sau-su-on-dinh-cua-thi-truong-352907.html

 


 

Pepper Market October 16, 2024

 

Pepper Market October 16, 2024: Price increased slightly

Pepper prices today (October 16) fluctuated at 144,500 - 145,000 VND/kg, a slight increase of 500 VND/kg in the Southeast and Gia Lai regions. Pepper demand from the US market increased, Vietnam continued to be the leading supplier.

In the world market

According to an update from the International Pepper Association (IPC), at the end of the most recent trading session, the price of Indonesian Lampung black pepper was still listed at 6,744 USD/ton.

Elsewhere, Kuching Malaysia black pepper prices remained at $8,700/ton, while Brazilian ASTA 570 black pepper reached $6,750/ton. Vietnam’s  export  prices of 500g/l and 550g/l black pepper  fluctuated at $6,500 – $6,800/ton.

Update pepper information

According to data from the United States International Trade Commission (USITC), pepper  imports   into the United States in August reached 7,372 tons, down 28% from the previous month but up 25% from the same period last year. Thus, pepper imports into the United States have grown for 8 consecutive months compared to the same period last year.

Therefore, total pepper imports into the US in the first 8 months of the year reached 63,294 tons, worth 306.9 million USD, up 37% in volume and 44.8% in value over the same period last year.

Regarding the supply market, Vietnam continued to be the largest pepper supplier to the US in the first 8 months of the year, accounting for 78% of the market's import capacity with a volume of 49,277 tons, worth more than 235.2 million USD, up 35.4% in volume and 46.8% in value over the same period last year. With this result, the US is also the largest customer of the Vietnamese pepper industry.

Meanwhile, the US also increased pepper imports from other suppliers such as: India reached 4,916 tons, up 24.4% and accounted for 7.8% of the market share; Indonesia reached 4,698 tons, up 111.7% and accounted for 7.4%; Brazil reached 2,385 tons, up 63.9% and accounted for 3.8%...

In the first 8 months of this year, the average imported pepper price into the US reached 4,849 USD/ton, up 5.7% over the same period last year.

Of which, the imported pepper price from Vietnam increased by 8.4% to an average of 4,774 USD/ton; from India increased by 3.4%, reaching 5,043 USD/ton; while the import price from Indonesia and Brazil decreased by 17% and 6%, to 5,117 USD/ton and 4,175 USD/ton.

According to VietnamBiz.vn

 

 


 

Wednesday, October 16, 2024

Pepper - Downward pressure remains

 

Pepper - Downward pressure remains




The domestic pepper market is going through unstable days with pepper prices continuously decreasing. Accordingly, today's market on October 15, 10, pepper prices in key areas such as Dak Lak, Gia Lai, Binh Phuoc traded around 143.000 - 144.000 VND/kg, with the highest price in Dak Lak and Dak Nong is 144.000 VND/kg. This price decrease makes pepper growers worried and raises many questions about the prospect of pepper prices in the coming time.

To further analyze the domestic pepper market developments and forecast pepper prices tomorrow, October 16, 10, we need to consider some key influencing factors.

Pepper market world is under competitive pressure from Indonesia and Brazil. According to an update from the International Pepper Community (IPC), at the end of the most recent trading session, the price of Indonesian Lampung black pepper reached 6.744 USD/ton, up slightly by 0,18%, the price of Muntok white pepper reached 9.233 USD/ton, up 2,5%. However, the price of Brazilian ASTA 570 black pepper and Malaysian ASTA black pepper tended to decrease. The slight increase in Lampung black pepper price may be a positive signal, but not enough to create momentum for the Vietnamese pepper market. Because the price of Brazilian ASTA black pepper is at a competitive level with the price of Vietnamese pepper, while the slight decrease in the price of Malaysian ASTA black pepper also makes the market more unstable.

Pepper exports to China are also showing signs of decline. Statistics from the Chinese Customs Administration show that in August 8, the country's pepper imports reached 2024 tons, worth 890 million USD, down 5,8% in volume and 54,7% in value compared to the previous month. Although China's pepper imports in the first 36,8 months of the year increased by 8% in volume and 21,9% in value compared to the same period in 41, imports from Vietnam decreased significantly, reaching only 2023 tons, up 2.329% over the same period. The cause of this decline may come from many factors, including price competition from Indonesia. Indonesia is in the harvest season, making the supply abundant and prices more competitive. The decline in demand in the Chinese market is also a factor worth noting.

Vietnam's pepper exports are also facing difficulties with a sharp decline. According to the latest data from the Vietnam Pepper and Spice Association, Vietnam's pepper exports to China in the first 9 months of the year (including official and unofficial channels) reached 8.905 tons, down sharply by 84,1% compared to the same period last year. This sharp decline shows the weakening of the Chinese pepper market for Vietnamese pepper. In addition to price competition from Indonesia, the trend of shifting to other sources of supply also affects Vietnam's pepper exports.

Based on current market information, it is predicted that pepper prices tomorrow, October 16, 10, will continue to decrease slightly. The downward pressure from the world market will continue to affect domestic pepper prices. Pepper exports to China have not shown signs of recovery, while pepper import prices from Indonesia are more competitive. Domestic consumption demand shows no signs of growth.

However, it should be noted that pepper prices can change based on many other factors, so it is necessary to monitor closely and make appropriate decisions.

With current difficulties, pepper growers need to be flexible in production and business activities, while seeking solutions to improve productivity and product value, contributing to maintaining and developing the Vietnamese pepper industry.

*Information for reference only.



Sources: https://congthuong.vn/du-bao-gia-tieu-ngay-16102024-ap-luc-giam-gia-van-hien-huu-352587.html

 

 

 




Pepper - Reasons for market decline in the Southeast region

 

 

Reasons for market decline in the Southeast region

Pepper price today, October 15, 10, in key areas fluctuated slightly compared to yesterday and traded around 2024 - 143.000 VND/kg, the highest purchase price at Dak Lak , and Dak Nong is 144.000 VND/kg.

Accordingly, Dak Lak pepper price was purchased at 144.000 VND/kg, stable compared to yesterday. Chu Se pepper price (Gia Lai) purchased at 143.000 VND/kg VND/kg price; Dak Nong pepper price today recorded at 144.000 VND/kg, unchanged compared to yesterday.

In the Southeast region, pepper prices today (October 15, 10) mainly recorded fluctuations compared to yesterday. Specifically, in Ba Ria - Vung Tau, it is currently at 2024 VND/kg, down 143.500 VND/kg. At Binh Phuoc Pepper price today is at 143.500 VND/kg, down 500 VND/kg.

Thus, pepper price today October 15, 10 remains stable in the Central Highlands region, the lowest level in Binh Phuoc and Chu Se provinces (Gia Lai) at 2024 VND/kg and the Southeast region has a slight decrease.

Pepper price world Today:

Update on world pepper prices from the International Pepper Association (IPC), at the end of the most recent trading session, IPC listed the price of Indonesian Lampung black pepper at 6.744 USD/ton, up 0,18%, and the price of Muntok white pepper at 9.233 USD/ton, up 2,5%.

The price of Brazilian ASTA 570 black pepper at 6.750 USD/ton remained unchanged compared to yesterday. The price of Malaysian ASTA black pepper at 8.700 USD/ton decreased by 1,15%; the price of this country's ASTA white pepper reached 11.200 USD/ton.

The price of Vietnamese black pepper is at 6.800 USD/ton for 500 g/l; 550 g/l is at 6.800 USD/ton; the price of white pepper remains at 9.850 USD/ton...

The pepper market is experiencing gloomy days as pepper prices in the Southeast region continue to fall, causing much concern for pepper growers. Although it cannot be confirmed that this is a long-term trend, the reasons behind this price drop have revealed the challenges that the pepper industry is facing.

The strengthening of the US dollar is one of the main reasons for the decline in pepper prices. A stronger US dollar means that import costs for importing countries like Vietnam will increase, leading to a decrease in demand. Pepper, a major export of Vietnam, is no exception to this effect. Consumers in import markets will consider choosing cheaper alternatives, causing a decrease in demand for pepper.

In addition, the money flow is gradually shifting from pepper to coffee, which is also a factor worth noting. The coffee harvest season in Vietnam has begun, attracting capital and attention from investors. This leads to a decrease in capital for the pepper market, negatively affecting prices.

Meanwhile, demand from major import markets, especially China, has yet to show signs of strong growth. Although China is Vietnam’s largest pepper consumer market, its purchasing power remains quite weak, directly affecting pepper prices.

In fact, data from the Vietnam Pepper Association shows that pepper exports to China fell 84,1% in the first nine months of the year. Although China’s pepper imports increased in the first eight months of the year, they mainly came from Indonesia, a country with more competitive prices than Vietnam.

Fierce competition from other pepper producing countries, especially Indonesia, is one of the major challenges for the Vietnamese pepper industry. Indonesia, with its advantages of lower production costs and increasingly improved product quality, is dominating Vietnam's pepper export market share, making it difficult for Vietnamese exporters to maintain the market.

In addition to the above factors, the unstable global economic situation also contributes to the reduction in global demand for pepper. Inflation and economic recession are taking place in many countries, causing consumers to cut back on spending on non-essential items, including pepper.

Although pepper prices may continue to decline in the short term, in the long term, the market may be supported by the expected reduction in pepper output in 2025 due to weather impacts, leading to a reduction in supply and possibly pushing prices up.

Competition in the pepper market is inevitable, requiring pepper growers to proactively adapt and improve their competitiveness. Applying science and technology, improving product quality, diversifying consumption markets, closely monitoring the market, and updating information on prices and consumption demand are important factors for pepper growers to succeed in the context of unpredictable market fluctuations.

Sources: https://congthuong.vn/gia-tieu-hom-nay-15102024-nguyen-nhan-thi-truong-di-xuong-tai-khu-vuc-dong-nam-bo-352429.html