Pepper Market on November 6, 2024: Price drops by 4,000-5,000 VND
In the world market
Updated from the International Pepper Community (IPC), in the most recent trading session, the price of Indonesian Lampung black pepper continued to decrease slightly by 6 USD/ton compared to the previous trading session, down to 6,665 USD/ton.
Similarly, the price of Brazilian pepper ASTA 570 decreased by 1.59% (100 USD/ton), down to 6,300 USD/ton.
Kuching Malaysia black pepper remained stable at USD 8,500/ton.
Vietnam's export prices of 500 g/l and 550 g/l black pepper remained stable at around 6,500 - 6,800 USD/ton.
Type name |
World black pepper price list |
|
November 6 (Unit: USD/ton) |
% change from previous day |
|
Lampung Black Pepper (Indonesia) |
6.665 |
-0.09 |
Brazilian Black Pepper ASTA 570 |
6,300 |
-1.59 |
Kuching Black Pepper (Malaysia) ASTA |
8,500 |
0.0 |
Vietnamese black pepper (500 g/l) |
6,500 |
0.0 |
Vietnamese black pepper (500 g/l) |
6,800 |
0.0 |
At the same time of survey, the price of Indonesian Muntok white pepper also decreased by 8 USD/ton, down to 9,125 USD/ton.
Meanwhile, the price of white pepper from Vietnam and Malaysia remained stable at 9,500 USD/ton and 11,000 USD/ton.
Type name |
World white pepper price list |
|
November 6 (Unit: USD/ton) |
% change from previous day |
|
Muntok Indonesian White Pepper |
9.125 |
-0.09 |
ASTA Malaysian White Pepper |
11,000 |
0.0 |
Vietnam white pepper |
9,500 |
0.0 |
Update pepper information
According to Nong Nghiep Newspaper, after many days of being affected by heavy rain caused by storm No. 6, a series of pepper gardens of people in Gio An commune, Gio Linh district, Quang Tri province were flooded.
After the water receded, many underground water sources continuously appeared, causing the pepper plant roots to be at risk of being flooded and invaded by fungi. This situation appeared after the historic flood in October 2020, causing dozens of hectares of pepper in Gio An commune to die and be affected.
Mr. Le Phuoc Hieu, Vice Chairman of Gio An Commune People's Committee, said that the water vein that appeared in 2020 caused nearly 20 hectares of pepper in the locality to have yellow leaves, rotten roots and die completely; more than 60 hectares of pepper were affected in productivity and quality, and it took a long time to recover.
At this time, the entire Gio An commune has identified 3 hectares of pepper showing symptoms of yellowing, wilting, and leaf loss, with a very high risk of death. If it continues to rain, the area of dead pepper could reach 10 hectares.
According to Mr. Hieu, people are currently actively saving pepper gardens. Some immediate tasks include creating fences to prevent water from flowing into the pepper gardens; creating drainage ditches around the pepper gardens and between the pepper rows; and mounding the pepper plants to reduce the risk of pepper dying. Some households are cutting down and pruning choai trees to create ventilation for the pepper gardens to drain water quickly.
“Pepper is the main crop in Gio An commune. This year, pepper prices have increased, people are very excited, but now there is a risk of great losses. If the measures people have taken are still ineffective, they will be forced to switch to other crops. This is very regrettable because Gio An currently has dozens of hectares of very valuable organic pepper,” Mr. Hieu shared.
According to VietnamBiz