Update pepper price today December 18, 2024

 

Domestic pepper price today highest 146.500 VND/kg

Industry and Trade Newspaper

December 18, 2024

Update pepper price today December 18, 2024, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price 18/12.

Domestic pepper price today

Today's pepper price was updated at 4:30 am on December 18, 2024 as follows, domestic pepper price is stable, maintained at a fairly high level. Currently, the average purchase price in localities is at 146.100 VND/kg.

Specifically, pepper purchase price in the province Gia Lai at 145.500 VND/kg; similarly, pepper price in the province Binh Phuoc purchased at 146.000 VND/kg; Ba Ria - Vung Tau pepper price at 146.000 VND/kg; pepper price Dak Lak is 146.500 VND/kg and pepper price is at Dak Nong purchased at 146.500 VND/kg.

According to experts, pepper prices are still high and there is unlikely to be a sudden change in price due to the lack of new supporting factors. In addition, the price of this commodity is still under pressure as cash flows are pouring into the coffee business. In addition, factors such as the USD increasing by more than 1,5%, weak demand, etc. continue to restrain pepper prices. However, low supply and unfavorable weather in major pepper growing countries are predicted to world will help prices remain high, fluctuating between 145.000 - 147.000 VND/kg, with a slight upward trend this week.

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. In the long term, pepper export prices will still be supported, as Vietnam's output of this commodity in the 2025 crop is expected to decrease.

Pepper gardens are about to be harvested in Duc Trong district.

According to the assessment, in 2025, the main pepper crop in Vietnam will be harvested in February, in some localities it will last until March and April, and will be 2 to 3 months later than previous years due to the impact of prolonged drought.

Currently, to avoid risks in pepper cultivation, many farmers in Dak Doa district (Gia Lai) instead of choosing to grow pepper in the intensive "pepper" method, people now focus on models of intercropping and polyculture with coffee and fruit trees. Developing pepper in the direction of intercropping and polyculture will be sustainable, thereby reducing investment costs and limiting disease risks, aiming towards a Agriculture safe.

Pepper harvest in Duc Trong district, Lam Dong province

According to the Vietnam Pepper and Spice Association, pepper is almost gone from the population, remaining only in agents and warehouses of enterprises. It is forecasted that in the next 3-5 years, global pepper production will still not be enough to meet consumer demand. Agricultural experts also agree that pepper has entered a new price increase cycle. This cycle will last 10-15 years and prices may reach a historical peak, even over 300.000 VND/kg.

Vietnam's pepper and spice industry is increasingly asserting its position in the international market, becoming one of the leading suppliers of high-quality products such as pepper, cinnamon, star anise and many other spices.

World pepper prices today

Update on world pepper prices from the International Pepper Community (IPC) at 4:30 a.m. on 18/12 as follows: The world pepper market has stabilized after yesterday's price fluctuations. However, Vietnam's pepper export market decreased slightly compared to the previous session.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 6.845 USD/ton and the price of Muntok white pepper at 9.050 USD/ton, unchanged from the previous session.

Similarly, the price of Brazilian ASTA 570 black pepper is currently at 6.350 USD/ton; Pepper prices in Malaysia continue to be stable compared to the previous trading session; the price of Malaysian ASTA black pepper is at 8.200 USD/ton, the price of ASTA white pepper is at 10.400 USD/ton.

The export price of Vietnamese black pepper remains stable at 6.300 USD/ton for 500 g/l, 550 USD/ton for 6.600 g/l; the price of white pepper is at 9.400 USD/ton and slightly decreased.

 

According to experts, the pepper market will have an improvement in price in the coming time when the demand for goods from the US market continues to help pepper prices stabilize. The price is still trading around 146.000 - 147.000 VND/kg and is likely to catch a new wave of increase. In addition, export demand from major markets such as the US and EU remains high, further supporting the market.

Sources: https://congthuong.vn/gia-tieu-hom-nay-18122024-gia-tieu-trong-nuoc-hom-nay-cao-nhat-146500-dongkg-364770.html

 

Pepper Market on December 12, 2024

 

Pepper Market on December 12, 20224: Price unexpectedly dropped by 2,000 VND

Pepper prices today (December 12) unexpectedly dropped by 2,000 VND. In the international market, pepper prices from Brazil and Indonesia both dropped. The US spent 409.16 million USD to buy pepper in the first 10 months of the year, mainly imported from Vietnam.

 

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 continued to decrease slightly by 0.19% (13 USD/ton) compared to the previous trading session, down to 6,822 USD/ton.

Similarly, the price of Brazilian black pepper ASTA 570 also decreased by 0.4% (25 USD/ton), down to 6,250 USD/ton.

Meanwhile, the price of Kuching black pepper from Malaysia remained stable at USD 8,200/ton. The  export  price of 500 g/l and 550 g/l black pepper  from Vietnam was around USD 6,300 – 6,600/ton.

At the same time of survey, the price of Indonesian Muntok white pepper decreased by 0.2% (18 USD/ton), down to 9,115 USD/ton.

Meanwhile, Vietnamese white pepper and Malaysian ASTA white pepper remained unchanged at USD 9,400/ton and USD 10,400/ton.

 

Update pepper information

Figures from the US International Trade Commission (USITC) show that in October, the US imported  7,211   tons of pepper of all kinds from the world, down 26.4% compared to the previous month but up 21% compared to the same period last year.

Accumulated from the beginning of the year to the end of October, pepper imports of the world's leading consumer country reached 80,298 tons, worth 409.16 million USD, up 40.9% in volume and 56.6% in value over the same period last year.

Of which, Vietnam continues to be the largest pepper supplier to this market, accounting for 77.4% of total pepper imports into the US with a volume of 62,158 tons, worth 314.4 million USD, up 40.7% in volume and 62.5% in value over the same period last year.

In addition, the amount of pepper imported by the US from other leading supplying markets also increased in the first 10 months of the year, such as: India reached 6,359 tons, up 25% and accounting for 7.9% of the market share; Indonesia reached 6,046 tons, up 90.3% and accounting for 7.5%; Brazil reached 3,178 tons, up 73.8% and accounting for 4%...

US pepper imports have rebounded sharply after two consecutive years of decline due to cooling  inflation   and loose monetary policy, leading to a recovery in demand.

In addition, importers also increased their stockpiles due to concerns about changes in economic policies after the US presidential election.

US President-elect Donald Trump plans to raise import taxes and cut taxes on individuals and businesses – as he did in his previous term. During his campaign, Trump vowed to impose a 10-20% import tax on all goods entering the US. The figure for China alone is 60-100%.

Currently, US importers are stepping up imports of goods before Mr. Donald Trump returns to the White House.

According to VietnamBiz.vn

 

Pepper Market on December 3, 2024

 

Pepper Market on December 3, 2024: Shocking price drop in all provinces

Pepper prices today, December 3, are around 142,000 - 143,000 VND/kg, down sharply by 4,000 - 5,000 VND in key pepper growing provinces. IPC adjusted the price of Indonesian pepper in opposite directions while it decreased in Malaysia. It is estimated that pepper exports could reach 1.4 billion USD this year. This is a new record for the industry.

At the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Lampung black pepper (Indonesia) at 6,679 USD/ton, up 0.78%; the price of Brazilian black pepper ASTA 570 at 6,150 USD/ton; the price of Kuching black pepper (Malaysia) ASTA at 8,300 USD/ton, down 1.2%.

Muntok white pepper price is 9,115 USD/ton, down 0.31%; Malaysian ASTA white pepper price is at 10,500 USD/ton.

Vietnam black pepper price is traded at 6,200 USD/ton for 500 g/l; 550 g/l at 6,500 USD/ton; white pepper price is at 9,400 USD/ton. IPC adjusted the price of Indonesian pepper in the opposite direction while it decreased in Malaysia.

Ms. Hoang Thi Lien - President of the Vietnam Pepper and Spice Association (VPSA), estimated that Vietnam's pepper exports could reach 1.4 billion USD this year. This is a new record for the industry. The result is that recently, pepper prices have been in an increasing cycle and are currently maintaining a level nearly double that of previous years.

Currently, the country has more than 115,000 hectares of pepper and spice crops, mostly concentrated in the South Central Coast - Central Highlands region with more than 75,300 hectares. The pepper industry is facing many challenges. Among them are climate change, shrinking area, investment costs in irrigation and disease prevention to maintain productivity... which have a significant impact on competitiveness.

Currently, according to experts, pepper prices have passed the decline cycle and are starting an increase cycle due to a decrease in supply. However, due to the low purchasing pressure at the beginning of the season, farmers should not be too eager to sell pepper early, especially should not borrow capital to store pepper to avoid risks due to market fluctuations.

According to VietnamBiz.vn

Pepper Market November 27, 2024: Vietnamese pepper dominates the US market

 

Pepper Market November 27, 2024: Vietnamese pepper dominates the US market

Pepper prices today, November 27, range from 141,000 to 142,000 VND/kg, up 1,000 VND compared to yesterday. Vietnam is the largest pepper supplier to the US market, accounting for 77.8%, reaching 56,820 tons, up 42.9%; followed by India, accounting for 7.8%, reaching 5,699 tons, up 27.5%.

At the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Lampung black pepper (Indonesia) at 6,596 USD/ton, down 0.42%; the price of Brazilian black pepper ASTA 570 at 6,050 USD/ton, up 50 USD/ton; the price of Kuching black pepper (Malaysia) ASTA at 8,400 USD/ton.

Muntok white pepper price is 9,101 USD/ton, down 0.42%; Malaysian ASTA white pepper price is at 10,500 USD/ton.

Vietnamese black pepper prices are trading at 6,200 USD/ton for 500 g/l; 6,500 USD/ton for 550 g/l; and 9,400 USD/ton for white pepper. IPC adjusted down Indonesian pepper prices right after the increase at the beginning of the week.

The International Pepper Community commented that the market last week showed mixed reactions when only domestic black pepper prices in Sri Lanka continued to record increases.

Indian domestic and export pepper prices recorded a decline last week.

As the Indonesian Rupiah depreciated by 1% against the USD (IDR 15,875/USD), both domestic and export pepper prices recorded a decrease last week.

Both domestic and export pepper prices in Malaysia continued to decline since last week, partly due to the impact of the 2% depreciation of the Malaysian Ringgit against the USD (MYR 4.47/USD).

Prices of Brazilian black pepper as well as Chinese white pepper recorded a decrease last week. Meanwhile, prices of Cambodian black pepper were stable.

According to the Vietnam Pepper and Spices Association, in the first 9 months of 2024, the US imported 73,080 tons of pepper, with a total import turnover of 376.4 million USD. Compared to the same period last year, the import volume increased by 43.2% and the turnover increased by 56.1%.

Vietnam is the largest pepper supplier, accounting for 77.8%, reaching 56,820 tons, up 42.9%; followed by India, accounting for 7.8%, reaching 5,699 tons, up 27.5%. Indonesia and Brazil ranked 3rd and 4th, accounting for 7.1% and 4.2%, reaching 5,174 tons and 3,054 tons, up 88.4% and 88.8% over the same period in 2023.

According to KTĐT.vn

Pepper Market November 25, 2024 - Update pepper information

 

Pepper Market November 25, 2024: Prices increased slightly at the beginning of the week

Posted onNovember 25, 2024by VPA

November 25

Pepper prices today (November 25) fluctuated between 140,000 - 141,000 VND/kg, a slight increase on the first day of the new week.

 

Update pepper information

In a recent report, Ptexim said demand remained weak in major markets such as the US, EU, Middle East and China.

 The ongoing coffee  harvest season  attracts investors’ attention and capital, which could cause cash flow to shift away from pepper. This competition for investment could lead to a reduction in focus on pepper production and trading, contributing to the already recorded price decline.

In 2024, Vietnamese coffee prices are also at a good level and this is Vietnam's main harvest season. At the same time, this is also the time when countries around the world focus on buying coffee from Vietnam.

However, pepper inventories have been sharply reduced, with current stocks being held mainly by a small number of dealers and import-export companies  .  Therefore, Ptexim predicts that the upcoming market trend could witness significant volatility, especially as inventories are low and there are signs that the upcoming crop will be reduced.

According to recent surveys, Ba Ria – Vung Tau, one of the main pepper growing areas in Vietnam, has recorded a sharp decline in pepper production of about 50%. This severe decline is attributed to many factors, of which climate change is the most important cause. Unpredictable weather patterns, including irregular rainfall and extreme temperatures, have negatively affected the growth and productivity of pepper plants.

Tariffs proposed by US President-elect Donald Trump could encourage US importers to boost purchases before the tariffs are imposed, which could lead to a sharp increase in container shipping rates.

The urgent and increased demand for imports is likely to cause a sharp increase in ocean freight costs in 2025. However, by 2026, we could see a significant decline in these costs as the US works to reduce its inventories.

According to VietnamBiz.vn

 

Madagascar Local market Clove update: 13th November, 2024

 

Madagascar Local market Clove update: 13th November, 2024:-
Trend continues bullish. Stock availability is limited in the sense, sellers, local traders and farmers are not ready to sell; they hold back stock, asking higher and higher price 
This week from 9th to 12th - price again increased by Ariary 1000 per kg [ = USD 220 per MT]
Local traders who have stock with them demand 32000 to 34000 per KG raw material at their depot [ raw material with moisture 27% to 30% ] ! Market seems crazy !! What is next ?
As usual every year, now in Madagascar Litchi season starting.
Litchi export season is only for one month - only December.
Therefore, many people will turn to Litchi now. Large scale exporters of Clove also will turn to Litchi - as it is a short time crop. This would create reduced activity in Clove. All available money will move into Litchi business. At this time, it is expected, as like every year,
Clove demand in local market would come down [might come down - a possibility based on past years happening] That would probably be the correction time.
Secondly, Xmas and New Year celebration is very important for Malagasy people.
They need huge amount of cash for these celebrations. I
t is the time of family togetherness, and spending. Therefore, in December, ""marginal"" farmers, stockists, and local traders would need liquid cash - for that they would be ready to sell Clove whatever price possible to get from the market. This would increase availabiltiy in the market.
These are the only expectation now for Clove in the local market.

Girish Mada Cloves

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Pepper Market November 23, 2024: Price increased slightly back to 140,000 VND/kg

Posted onNovember 23, 2024by VPA

23
Nov

Pepper prices today (November 23) increased slightly by VND1,000 and returned to VND140,000/kg. Vietnam's pepper export activities are slowing down but export prices continue to increase and reach new peaks.

In the world market

In the world market, pepper prices continue to move sideways across the board.

The International Pepper Community (IPC) is listing the price of Indonesian Lampung black pepper at $6,470/ton, Brazilian ASTA 570 black pepper at $6,000/ton, and Malaysian Kuching black pepper at $8,400/ton.

 The export  price of 500 g/l and 550 g/l black pepper  from Vietnam fluctuates between 6,200 - 6,500 USD/ton.

At the same time of survey, the price of Indonesian Muntok white pepper reached 9,055 USD/ton. Meanwhile, Vietnamese white pepper and Malaysian white pepper stood at higher levels of 9,400 USD/ton and 10,500 USD/ton.

Update pepper information

Vietnam's pepper exports are slowing down, a sign that domestic supply is running low.

According to the General Department of Customs, Vietnam's pepper exports in the first 15 days of November only reached 7,642 tons, worth 52.4 million USD, down 9.9% in volume and 5% in value compared to the first half of October, and down 18.8% in volume compared to the same period last year but still up 44.3% in value.

Accumulated from the beginning of the year to November 15, pepper exports reached 226,366 tons, worth 1.16 billion USD, down 3.6% in volume but up 46.9% in value over the same period thanks to high prices.

Since the beginning of the year, Vietnam's pepper export price has increased by 52.3% over the same period last year, reaching an average of 5,137 USD/ton.

In the first half of November alone, the export price of this item reached 6,856 USD/ton, up 4.7% compared to October and up 77.6% compared to the same period last year. This is also the highest price recorded since January 2017.

Not only Vietnam, the pepper export volume of Brazil - the world's second largest pepper producer and supplier - also recorded a decrease of 19.3% in the first 10 months of the year, reaching only 52,988 tons.

However, in return, pepper exports from Indonesia and India increased sharply at double-digit rates.

Regarding consumption demand, since the beginning of the year, pepper  imports   from major markets such as the US, EU, Middle East, and Asia have all increased compared to last year, while the Chinese market has decreased sharply.

According to VietnamBiz.vn

 

Ba Ria – Vung Tau: Organic pepper production for export

Posted onNovember 22, 2024by VPA

22
Nov

To develop clean and safe raw material areas, many farming households and cooperatives in Chau Duc district have linked up to produce organic pepper, targeting the export market.

Choose clean production direction

Mr. Tran Xuan Tho, a farmer in Son Lap village (Son Binh commune) has been growing pepper for decades. Thanks to organic farming, 8.5 sao of pepper grown on acacia and cotton trees has brought a stable annual income for his family.

In the 2024 pepper crop, Mr. Tho harvested nearly 4 tons of dry pepper. “ In the past 3 years, I have switched to organic care, reducing investment costs. Although the yield is not high, in return, the pepper plants grow well and sell for a higher price. Previously, many growers used excessive chemicals in traditional farming, leading to many consequences for the environment, the land quickly became barren and affected human health ,” said Mr. Tho.

Mr. Bui Thanh Hung, in Song Cau village (Nghia Thanh commune) also clearly saw the value and effectiveness of  organic pepper cultivation . In the 2024 crop, despite being affected by prolonged hot weather, the 6-sao pepper garden grew well and harvested 2.5 tons of dry beans. Mr. Hung said that although the yield was not as good as traditional cultivation, there was no crop failure, the plants were not sick, and did not weaken after harvest.

“ I see that organic farming has many benefits. When we do organic farming, we do not use chemicals that are harmful to human health. Regarding plants, we do not use toxic chemicals, so the soil remains fertile and lush for plants to grow ,” Mr. Hung added.

According to Mr. Than Xuan Dong, Vice Chairman of the Farmers’ Association of Chau Duc district, the conversion to clean and organic farming methods has partly restored the position of pepper plants. Through the actual inspection of the Farmers’ Association of the district, currently most households cultivating clean and organic pepper standards have stable incomes, are committed to long-term cultivation and can live well from this crop.

Sustainable Development Link

Recently, through the formation of cooperative models and cooperatives for sustainable pepper production, many participating households have had the opportunity to exchange and access techniques for growing and caring for pepper plants in an organic manner. In particular, when participating in the models, farmers will ensure a source of output for products and stable prices.

Mr. Ngo Xuan Son, Chairman of the Board of Directors and Director of the Comprehensive Rich Organic Cooperative, shared that the majority of members of the cooperative are farmers who have been growing pepper for many years. Thanks to the propaganda and mobilization of the District Farmers' Association, 7 farmer households in the district, Dong Nai province and Ho Chi Minh City have joined forces to produce organic pepper, with the desire to increase product value and move towards sustainable production.

Since its inception, the cooperative has zoned off nearly 50 hectares of adjacent farming households in Xuan Son, Son Binh and Suoi Rao communes to form a raw material area. Participating households must comply with technical instructions and strict supervision by the cooperative's environmental control board.

According to Mr. Do Chi Khoi, Head of the Department of Agriculture and Rural Development of Chau Duc district, the whole district has 5,077 hectares of pepper; the harvested area is 4,928 hectares, the output reaches 9,856 tons of dry pepper/crop.

Chau Duc district sets the goal of forming organic pepper production areas by 2025, creating a source of high-quality agricultural products; forming production chains associated with the consumption of organic agricultural products, meeting domestic consumption and export needs.

According to Mr. Son, before establishing the cooperative, he and some members had more than 5 years of organic pepper production. “ For many years, I have not abused chemical fertilizers and pesticides to take care of the pepper garden, but mainly used biological products to help prevent nematodes and root-damaging fungi. Since producing organically, well water is no longer polluted as before. The rate of dead plants in the garden has decreased to only 3-5%; the cost of buying fertilizer has also decreased compared to before… ”, Mr. Son added.

According to the plan, in the 2025-2027 period, the cooperative will have a raw material area of ​​100 hectares of pepper; in the 2028-2030 period, the cooperative will produce about 500 hectares of pepper in an organic direction. Currently, the cooperative has signed a contract to purchase organic pepper output with Organics More Company. In addition, in the district, there are also Phuc Thinh Import-Export Investment Joint Stock Company (PTEXIM CORP), Harris Freeman Vietnam Company Limited, which are cooperating to purchase dry pepper from farmers in large quantities.

According to Ba Ria - Vung Tau Newspaper

Cardamom prices hit decade-high - Two reports about cardamom market

 

Cardamom prices hit decade-high

The Annapurna Express

Nov. 19, 2024, 11:57 a.m.

Cardamom is sold in three grades. Traders report that high-quality cardamom is priced at Rs 105,000, scissor-cut (tail-removed) cardamom at Rs 101,000, and regular cardamom at Rs 98,000 per 40 kg.  

“This year, cardamom has reached its highest price in the last decade,” said Deepak Nepal, a cardamom trader and central member of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI). “Prices could rise even further.”  

The price last peaked at Rs 105,000 per 40 kg in 2014, followed by a steady decline. Recovery began last year, with prices around Rs 82,000 per 40 kg.  

Nirmal Bhattarai, central president of the Cardamom Traders’ Association, predicts a record-breaking year. “Prices are continuously increasing,” Bhattarai said. “This rise is likely due to reduced production, despite strong international demand.”  

The highest price on record was in 2010, when cardamom briefly sold for Rs 120,000 per 40 kg.  

According to the Mechi Customs Office, 783.75 metric tons of cardamom were exported in the first three months of the current fiscal year (2023-24), significantly lower than the previous year. Harvesting begins in July and concludes by early December.  

For farmers in Nepal’s hilly regions, cardamom is a vital income source. It is cultivated in 42 districts, with significant production in Panchthar, Taplejung, Ilam, Sankhuwasabha, Khotang, Bhojpur, and Tehrathum in Koshi Province.  

However, production has declined. In Koshi Province, output dropped from 7,763.87 metric tons in the 2022-23 fiscal year to 7,582.02 metric tons in 2023-24. The current year’s data is pending, but estimates suggest a 20 percent reduction.  

“Production has fallen sharply due to pests, diseases, and landslides,” said agricultural technician Keshar Bahadur Magar from Panchthar. “This year’s harvest will likely be much lower than in previous years.”

-------------------------------------------

After a long gap, cardamom average price close to ₹3,000 per kg

Published - November 19, 2024 08:52 pm IST - IDUKKI

The Hindu Bureau

 

After a lull at the beginning of the harvesting period, the cardamom price again showed a positive trend with the average price reaching close to ₹3,000 per kg. According to vendors, major reasons for the price rise are summer drought resulting in production loss in major cardamom production centres in Idukki and the reports hinting at a drop in cardamom production in Guatemala. However, the farmers and planters observed that the price increase will not benefit them much, though they anticipate that the average price of cardamom will touch ₹3,500 per kg soon. During an auction held on Monday by KOKO Spices Private Limited, the highest average price in this season was quoted at ₹2,935 per kg, with a maximum price of ₹3,319 per kg. Of the total of 16,020 kg cardamom which was brought for auction, 15,601 kg was sold. Stany Pothen, chairman of the Cardamom Planters Federation in Vandanmedu, noted that the trend of price increases in the cardamom sector will not much benefit the planters and small-scale farmers. “Due to the summer drought, the cardamom production is expected to dip over 50% as against last crop season. Mostly, beans are collected from the plantations six to seven times during the harvesting period from July to March. But this season, it might get reduced to three in most of the plantations, said Mr. Pothen.   “For the past two months, the climate was not favourable for the cardamom farming sector, which has also disrupted growing of new beans,” said Mr. Pothen.   Justin Thomas, Secretary of the Kerala Cardamom Dealers Chamber, observed that a rise in export orders is the main reason for the increasing trend of cardamom prices. “The production dip has also contributed to the price hike. Vendors are unable to provide the required quantity of cardamom with selected sizes to meet the export orders,” said Mr. Thomas.   According to farmer Thomas Mathew, his plantation was badly hit by drought and snail attacks. “When my plantation was partially overcoming the drought, it was hit by snail attack. Snails destroyed almost all the new beans and flowers of the plants. Currently, I do not have enough product to sell in the market and benefit from the price rise,” said Thomas Mathew. Meanwhile, Shaji Thakidippurath, a cardamom vendor and farmer in Pathumury, expressed hope that the higher price will be an advantage for farmers. “Though there is a dip in production this time, compared to previous years, the price of cardamom has nearly doubled this season. This will help farmers manage the situation,” said Mr. Thakidippurath. The highest ever price of cardamom was recorded on August 3, 2019, at ₹7,000 per kg at the auction held at Puttady.

Published - November 19, 2024 08:52 pm IST

https://www.thehindu.com/news/national/kerala/after-a-long-gap-cardamom-average-price-close-to-3000-per-kg/article68886649.ece

Pepper Market on November 20, 2024 - The structure of Vietnam's pepper export types is having certain changes

Pepper Market on November 20, 2024: Slight decrease in some provinces

Posted onNovember 20, 2024by VPA

20
Nov

Pepper prices today (November 20) decreased slightly in key provinces. The structure of Vietnam's pepper export types is having certain changes, with a strong increase in ground pepper and a gradual decrease in whole pepper.

 

Update pepper information

According to data from the Vietnam Pepper and Spice Association (VPSA), the structure of Vietnam's pepper export categories in the first 10 months of the year has seen certain changes with a strong increase in ground pepper and a gradual decrease in whole pepper.

Accordingly, whole black pepper is still the most exported item of Vietnam with a volume of 159,938 tons, accounting for 72.9% of total exports. However, compared to the same period last year, the export of this type decreased by 9.3%.

Similarly, the export volume of whole white pepper also decreased by 1.8%, down to 16,639 tons and accounted for 14.8% of the total. In addition, the export volume of pickled black pepper, raw pepper, nailhead pepper, green pepper, pink pepper, etc. also decreased by 6.4%.

Meanwhile, ground black pepper exports reached 32,464 tons, up sharply by 42.3% over the same period and accounting for 14.8% of the total; ground white pepper also increased by 46.1%, reaching 8,853 tons and accounting for 4%.

With this result, Vietnam's whole pepper export rate is around 80.5% and the milling and other processing rate is at 19.5%.

Vneconomy  reported that according to statistics from the Vietnam Pepper and Spice Association, the country currently has about 200 pepper processing and trading enterprises, of which 15 are leading enterprises, accounting for 70% of the country's export volume. The entire industry has 14 deep processing factories. Notably, there are 5 foreign-invested enterprises, accounting for nearly 30% of the export market share.

Vietnam's pepper processing technology has reached the standards of the world market in general. Enterprises with high-tech processing factories according to ASTA, ESA, JSSA standards have created diverse products: whole black and white pepper, ground pepper, and small packages.

However, in general, Vietnamese pepper is still mainly exported raw, with a value lower than that of India and Malaysia. If the Vietnamese pepper industry is better organized and processed, the value of exported products will increase, and the price of Vietnamese pepper will be equivalent to and possibly higher than that of some countries in the world.

Therefore, VPSA encourages improving product quality from the planting stage, businesses investing in deep processing, clean processing, diversifying products, diversifying markets to penetrate deeply into the global pepper supply chain.

According to VietnamBiz.vn

Pepper Market on November 19, 2024

 

Pepper Market on November 19, 2024: Continued to move sideways across the board, exports earned nearly 1.2 billion USD

Posted onNovember 19, 2024by VPA

November 19

Pepper prices today  (November 19) continued to move sideways in the range of 139,000 - 140,000 VND/kg. Accumulated from the beginning of the year to November 15, Vietnam exported 234,824 tons of pepper, earning 1.17 billion USD, down 3.1% in volume but up 47.3% in value compared to the same period last year.

In the domestic market

See more:  Pepper price today November 18

Pepper prices  today  continue to remain stable at 139,000  - 140,000 VND /kg  in key provinces and cities.

Of which, traders in Dak Nong province are purchasing pepper at the highest price of 140,000 VND/kg. Next is Dak Lak province with 139,500 VND/kg.

In Gia Lai, Ba Ria - Vung Tau, Binh Phuoc and Dong Nai provinces,  pepper prices   are being purchased at 139,000 VND/kg.

In the world market

Update from the International Pepper Community (IPC), at the end of the most recent trading session, world black pepper prices had no new fluctuations.

Indonesian Lampung black pepper is listed at USD 6,470/ton, Brazilian ASTA 570 black pepper is priced at USD 6,000/ton, and Malaysian Kuching black pepper is priced at USD 8,400/ton.

 Vietnam's  export  prices of 500 g/l and 550 g/l black pepper continue to fluctuate in the range of 6,200 - 6,500 USD/ton.

Update pepper information

Preliminary statistics from VPSA show that in the first 15 days of November, Vietnam exported 8,082 tons of pepper of all kinds, with a total turnover of 55.4 million USD, down 10.6% in volume and 5% in turnover compared to the first half of October.

Nedspice, Tran Chau and Olam Vietnam were the three largest exporters in the first half of November, reaching 988 tons, 895 tons and 865 tons respectively. Meanwhile, the largest export market for Vietnamese pepper was still the US, reaching 2,362 tons, accounting for 29.2% of the market share.

Accumulated from the beginning of the year to November 15, Vietnam exported a total of 234,824 tons of pepper, earning 1.17 billion USD, down 3.1% in volume but up 47.3% in value compared to the same period last year. The average export price of pepper reached 5,129 USD, up sharply by 52.1% (1,757 USD/ton).

On the other hand, in the first half of November, Vietnam imported  2,484   tons of pepper, worth 14.3 million USD, an increase of 8.2% compared to the first half of October. Olam Vietnam and Harris Spice were the two main importers, with 894 tons, accounting for 36.0%, and 530 tons, accounting for 21.3%. Meanwhile, Indonesia continued to be the largest pepper supplier to Vietnam, accounting for 82.3%, reaching 2,045 tons.

Thus, from the beginning of the year to November 15, Vietnam imported 31,080 tons of pepper, worth 145.6 million USD, a sharp increase over the same period and far exceeding the 26,538 tons that businesses imported in the whole year of 2023.

The Import-Export Department forecasts that in the last months of this year, Vietnam's pepper export activities will not be favorable because domestic supply is limited and demand from China remains low.

It is expected that in early 2025, Vietnam's pepper exports will be favorable thanks to the expected sharp increase in demand from the Chinese market. Meanwhile, after Indonesia's most recent harvest, the world's pepper supply has not been significantly supplemented until February 2025. This is considered a favorable factor when Vietnam enters the new harvest in 2025.

According to VietnamBiz.vn

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As Guatemala output drops, Indian cardamom may gain flavour

 

As Guatemala output drops, Indian cardamom may gain flavour

Cardamom exporters are pinning hopes on shipping more quantities to the Gulf markets ahead of Ramadan by February 2025, thanks to a reported drop in production in Guatemala.

Quoting reports, exporters said the Guatemala 202425 harvest was projected to drop by 44 per cent from last year. Crop damage from thrips alone was estimated at 34 per cent. Total production in Guatemala was down to 18,884 tonnes. SB Prabhakar, a planter in Idukki, said cardamom production in Guatemala is projected to be around 17,000 to 20,000 tonnes, 4050 per cent lower than last season. The first round picking in Guatemala

has been completed, with a poor litter weight of 340 gm as growers are harvesting early to cash in on higher prices. This will help India export more cardamom ahead of the Ramadan festival by February 2025.

Read also:
http://peppertrade.blogspot.com/2024/11/indian-cardamom-poised-for-ramadan.html

PRICES HIGHER

However, he said the Indian crop is also down 50 per cent this season. As old crop arrivals should be exhausted this month, prices are bound to increase. Guatemala cardamom prices are trading about 30 per cent higher than Indian cardamom. This will allow Indian produce to be exported in good quantities in the next four to five months. “We can expect Indian cardamom prices to reach ₹3,500 per kg during January to March of 2025,” he said. SKM Dhanavanthan, a cardamom exporter in Bodinayakanur, said Ramadan sales have yet to pick up, and given the tight crop situation in both India and Guatemala, meeting demand in terms of price and quantity will be challenging. While the current high prices suit regular retail sales and might cover domestic needs in the coming months, excessive price hikes could disrupt the industry, severely limiting export volume, he said.

However, he warned that MiddleEast buyers — a traditional market for Indian cardamom — were becoming increasingly cautious of the current inflated prices in the domestic market.

He said speculation and the recent addition of private auctions without any regulatory control were behind the sudden price surge. This deters foreign buyers as they face risk in reselling at profitable levels.

The price surge has opened the Indian market to cheaper imports, especially from Guatemala, which is now sold at lower prices, further undercutting Indian cardamom domestically. If left unchecked, Indian cardamom could lose its competitive edge, both locally and internationally, he said.

PC Punnoose, General Manager of KCPMC, one of the auctioneers, said they had received overseas enquiries after Diwali and the stabilisation of prices above the ₹2,500plus level was a positive sign. However, snail infestation in plantations was a recent threat that was affecting flowers of cardamom plants, he said.

Article Name:As Guatemala output drops, Indian cardamom may gain flavour

Publication:BusinessLine (Chennai)

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Pepper Market November 12, 2024

 

Pepper Market November 12, 2024: Downward trend covers domestic and world markets

Posted onNovember 12, 2024by VPA

November 12

Pepper prices today (November 12) fluctuated at 138,000 - 139,000 VND/kg, down slightly by 1,500 - 2,000 VND. In the world, pepper export prices of many countries also decreased sharply.

Update pepper information

Mr. Hoang Phuoc Binh, Vice President of the Chu Se Pepper Association (Gia Lai), said that the price in Vietnam decreased because Indonesia had just entered the harvest season. On the other hand, because it was the beginning of the  coffee  season  , many agents took the opportunity to sell pepper in stock to buy coffee.

Mr. Binh predicts that the price of pepper in the 2025 crop will be higher than in the 2024 crop (at its highest, it will be 160,000 VND/kg). The primary reason is that the prolonged heat in early 2024 is greatly affecting pepper crop productivity, leading to a continued decrease in output in 2025.

Not only Vietnam, output is also forecast to decrease in many other countries. Meanwhile, most pepper growers in Vietnam currently have other sources of income from coffee, durian, etc., so they are not in a hurry to sell after harvest but will wait until they see a better price, according to  Nong Nghiep Newspaper .

Regarding the world market, the Import-Export Department  forecasts   that in the short term, world pepper prices will fluctuate in a downward trend. However, the downward trend will not last long due to limited supply and increased import demand due to seasonal factors.

In major import markets, demand increased in the US, EU and Asia, but remained sluggish in the Middle East and China. Significantly reduced inventory levels caused people and dealers to limit sales.

Brazil is currently the world's second largest producer and exporter of black pepper, accounting for 17-18% of global supply. However, due to reduced production, Brazil's pepper exports in the 2024 crop will decrease for the third consecutive year.

Meanwhile, Vietnam's new pepper crop in 2025 is expected to be delayed by 1 month. This will create a certain shortage in supply, thereby positively affecting world pepper prices.

According to VietnamBiz.vn