Pepper Market on September 30, 2024: Fluctuating around 147,500 - 148,000 VND/kg
|
Province/district (survey area) |
Purchase price on September 30 (Unit: VND/kg) |
Change from previous day (Unit: VND/kg) |
| Dak Lak |
148,000 |
– |
| Gia Lai |
148,000 |
– |
| Dak Nong |
147,500 |
– |
| Ba Ria – Vung Tau |
148,000 |
– |
| Binh Phuoc |
148,000 |
– |
| Dong Nai |
148,000 |
– |
In the world market
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 was listed at 6,942 USD/ton.
The price of Brazilian black pepper ASTA 570 reached 6,750 USD/ton, while Malaysian Kuching black pepper also remained stable at 8,800 USD/ton.
In Vietnam, the offering prices of 500 g/l and 550 g/l black pepper remained stable at USD 6,800/ton and USD 7,100/ton.
|
Type name |
World black pepper price list |
|
|
September 29 (Unit: USD/ton) |
% change from previous day |
|
| Lampung Black Pepper (Indonesia) |
6,942 |
0 |
| Brazilian Black Pepper ASTA 570 |
6,750 |
0 |
| Kuching Black Pepper (Malaysia) ASTA |
8,800 |
0 |
| Vietnamese black pepper (500 g/l) |
6,800 |
0 |
| Vietnamese black pepper (500 g/l) |
7,100 |
0 |
At the same time of survey, the price of Indonesian Muntok white pepper reached 9,430 USD/ton. The price of Malaysian ASTA and Vietnamese white pepper remained unchanged at 11,200 USD/ton and 10,150 USD/ton.
|
Type name |
World white pepper price list |
|
|
September 29 (Unit: USD/ton) |
% change from previous day |
|
| Muntok Indonesian White Pepper |
9,430 |
0 |
| ASTA Malaysian White Pepper |
11,200 |
0 |
| Vietnam white pepper |
10,150 |
0 |
Vietnam exported 186,000 tonnes of pepper through August, equal to this year’s output and imports , according to a recent report by Nedspice. Exports in the fourth quarter will depend on the release of multi-year carryover stocks held by major investors and additional import volumes.
Typically, the October coffee harvest prompts middlemen to liquidate pepper to trade coffee. However, this year with lower inventories and the coffee harvest delayed until November, liquidation of pepper stocks could be significantly reduced.
High prices have prompted replanting and more intensive cultivation. Combined with favorable weather, this could lead to a larger crop in 2025. However, reduced acreage over the years and aging pepper plants limit production potential until new crops begin to produce.
The global inventory-to-demand ratio is falling, pushing prices up and encouraging farmers to invest in maintaining and expanding their pepper farms, Nedspice said.
Meanwhile, in Brazil, the main harvest has begun in the states of Para and Espírito Santo. Exports in July and August from Brazil fell by more than 20% compared to the same period last year, as the May-June harvest in Espírito Santo was severely affected by harsh weather conditions at the beginning of the year.
Adverse weather conditions, including an unprecedented drought, have damaged crops in Brazil. A state of emergency has been declared in the state of Espírito Santo, including restrictions on irrigation. Brazil’s pepper exports reached 45,000 tonnes through August, down 10% from the same period last year.
In contrast, Indonesia’s export volume increased by 67% as of August 24, largely supported by a larger black pepper crop. In addition, the rapid price increase has triggered the liquidation of long-term stocks.
According to VietnamBiz.vn
Posts
No comments:
Post a Comment