Vietnam Pepper mkt update 1st May 2023 – Week 17

 

 

Last week, pepper price continued to increase impressively with an increase of 4.5%. Thus, pepper price in the past 2 weeks has increased by 7.5% from 66,500vnd - 71,500vnd.

The main reason is that Vietnam continues to export large quantities in April (forecast 30,000 tons), bringing the total export volume in 4 months to approximately 107,000 tons. Up to 25-30,000 tons over the same period in 2022.

With crop output forecasted at just over 200,000 tons, while exporting up to 107,000 tons within 4 months, We can see selling pressure from farmers, agents will not be much when there are 8-9 months until the new 2024 harvest.
Despite the relatively gloomy demand from different markets such as the US/ EU/ AFRICA/ ASIA, farmers, dealers and many analysts forecast and expect that pepper prices will have impressive growth momentum in the coming years.

Although the price of pepper has increased in recent years, profits are still not really atractive to farmers  when costs have seriously increased during the past time such as fertilizer costs, harvesting workers, etc.

Therefore, the harvested area of pepper has continuously decreased in the past 3 years and is expected to continue  to decrease when farmers rarely replant pepper but actively develop other fruit trees such as durian, avocado, jackfruit... etc.

Wheather
After the harvest, the weather in Vietnam becomes hot, especially in the key pepper regions of the country such as Daklak, Daknong, Dong Nai, Ba Ria Vung Tau... El nino phenomenon is forecasted to make pepper gardens affected.

A brief sight of the alternate market suppliers

INDIA
Pepper prices in India unchanged in the past week.

SRI LANKA
Pepper prices remained stable.

INDONESIA
The price of Lampung black pepper in Indonesia is almost unchanged. New crop starting to harvest.

BRAZIL
Pepper prices last week tended to increase. Very few raw material are offered for sale in the market.

MALAYSIA
Malaysia's Kuching ASTA black pepper price remained stable.

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PINHEAD
PINHEAD< 1MM SUPER CLEANED  $1.003 
PINHEAD 1.5MM • 2MM CLEANED $1. 227 
PINHEAD 2MM - 2.5MM CLEANED $1.446 
PINHEAD SUPERIOR QUALITY $1.666 

WHOLE PEPPER
VBP 500 G/L FAQ $3.236 
VBP 550 G/L FAQ $3.485 
VBP 500 G/L Double Spiral Cleaned $3.532 
VBP 550 Gil Double Spiral Cleaned $3.595 
VBP 570 G/L Double ASTA $3.658 
White PEPPER 630 G/LASTA $5.006 

STEAM STERlllZED PEPPER
PINHEAD
Steam Sterilized Pinhead < 1MM $1.453 
Steam Sterilized Pinhead 1.5MM - 2MM $1.677 
Steam Sterilized Pinhead Super Quality $2.116 

LIGHT BERRIES PEPPER
Steam Sterilized Black Pepper 250 G/L   $3.429 
Steam Sterilized Black Pepper 350 G/L   $3.523 

STEAM STERILIZED PEPPER
Steam Sterilized Pepper S00G/L   $3.753 
Steam Sterilized Pepper 550G/L    $3.881 
Steam Sterilized Pepper 570G/L   $3.945 
Steam Sterilized White Pepper 630G/L  $5.371 

STEAM STERILIZED PEPPER - EU COMPLIANCE
Steam Sterilized Pepper S00G/L   $3.933 
Steam Sterilized Pepper 550G/L   $4.061 
Steam Sterilized Pepper 570G/L   $4.125 
Steam Sterilized White Pepper 630G/L $5.551 

#2023 pepper crop,#black pepper #pepper price,#April pepper price,#vietnam pepper price

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JUST A REMINDER
PINK PEPPER HARVEST START END OF MAY
BEST QUALITY PRODUCT ARE ALWAYS AT THE BEGINNING.
CALL US IN ORDER TO ASSURE YOURS !