• Last week, the pepper price experienced fluctuations with both increases and decreases; however, by the end of the week, the price remained unchanged at 157,000 VND.
• Demand has been quite sluggish in all major importing countries such as the USA, China, and the EU…
China
has entered the market with orders for white pepper due to various
reports indicating that Hainan Island has been severely affected by
Typhoon Yagi. This has led to a reduction in the production of white
pepper in China. It is forecasted that the supply of white pepper in
China will struggle to meet demand in the fourth quarter and for the
upcoming traditional Luna New Year holiday.
The market over the past month has been quite subdued, with buyers showing little interest in pepper products and being very slow in their purchasing. At the same time, suppliers (farmer/collectors/dealers) have been very cautious in offering raw material. Currently, many domestic dealers and producers are not actively selling but are prioritizing the retention of their inventory, and they are not feeling any pressure as prices adjust downward. This also clearly reflects the significant reduction in the inventory levels held by farmers and intermediary dealers compared to previous years.
Please see the REPORT FILE & FULL QUOTATION LIST by click to download.
https://drive.google.com/file/d/13RjppE83oVp1YqC2K2WoGWZUWDFVtYxp/view?usp=sharing
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