Pepper Market on October 31, 2024

 

Pepper Market on October 31, 2024: Indonesia increases again, domestic pepper crop is at risk

Posted onOctober 31, 2024by VPA

October 31

Pepper prices today, October 31, range from 143,000 to 144,500 VND/kg. Domestically, next year's harvest is forecast by some sources to remain the same or increase slightly, fluctuating between 170,000 and 180,000 tons. The harvest may be delayed due to weather.

In this context, pepper prices are not expected to fluctuate much. The driving force for strong growth last season was the lack of demand from China. According to statistics from the International Pepper Community, in recent months, this market has increased imports from other countries.

Domestically, next year's harvest is forecast by some sources to remain the same or increase slightly, fluctuating between 170,000 - 180,000 tons. Harvest time may come later due to weather.

However, in late October 2024, the press reported on the risk of many flowers falling off, resulting in low fruit set rates and a high risk of crop failure in Ba Ria - Vung Tau.

According to VOV, many pepper farmers in Chau Duc, Xuyen Moc districts and Phu My town, Ba Ria - Vung Tau province said that this year the rain came late, the hot and dry weather and low humidity were not favorable for pepper to bloom.

Mr. Tuyen, who owns nearly 1 hectare of pepper, in Binh Ba commune, Chau Duc district, said that the weather this year is unfavorable, so the productivity is not as good as last year. Meanwhile, pepper harvesting workers are scarce, so the rental price is also high. If the workers do it themselves, it will be more convenient.

“This year’s pepper yield is not as good as last year’s, and it is difficult to find workers because everyone is working for the company. Luckily, my family’s pepper garden has 4 workers to pick pepper and will be harvested by the end of this month. This year’s yield is not as good as last year’s, and the price is higher than last year’s. If the garden owner joins in the harvest, it will be more favorable,” Mr. Tuyen told VOV.

At the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Lampung black pepper (Indonesia) at 6,680 USD/ton, up 0.18%; the price of Brazilian black pepper ASTA 570 at 6,400 USD/ton; the price of Kuching black pepper (Malaysia) ASTA at 8,500 USD/ton.

Muntok white pepper price is 9,144 USD/ton, down 0.17%; Malaysian ASTA white pepper price is at 11,000 USD/ton.

Vietnam black pepper price is traded at 6,500 USD/ton for 500 g/l; 550 g/l at 6,800 USD/ton; white pepper price is at 9,500 USD/ton. IPC increases Indonesian pepper price again.

According to KTĐT.vn

 

Reviving the pepper 'kingdom' in Gia Lai

Posted onOctober 27, 2024by VPA

October 27

After a period of hardship due to the tragic drop in pepper prices, mass pepper deaths, and the consequence of  Gia Lai farmers  bearing a thousand billion bank debt, many people have now returned to pepper cultivation.

Currently in Gia Lai , many pepper growing areas   have been and are being reconstructed in an effort to revive the one-time " Pepper Kingdom " in the two districts of Chu Se and Chu Puh.

A time of "black gold"

Pepper plants in Gia Lai have helped  farmers' lives  improve, leading to many prosperous residential areas. In particular, the two districts of Chu Se and Chu Puh are known as the "Kingdom of Pepper" because of their suitable climate and soil, so pepper grown here has the highest yield in the country, about 3 - 6 tons/ha.

In the years 2010 - 2012 and the peak of 2014 - 2015, pepper prices peaked at 200,000 - 250,000 VND/kg and were considered "black gold". The Chu Se pepper brand was born, becoming a major brand of Gia Lai when it was present in over 80 countries and territories.

Mr. Hoang Phuoc Binh, Permanent Vice President of Chu Se Pepper Association, recalled: “After the pepper harvest, farmers have billions of dong, can afford to build houses, buy expensive furniture. Pepper billionaires driving cars to visit the gardens is a daily occurrence here.”

That is why people rushed to grow pepper. The whirlwind of pepper development in Gia Lai increased rapidly, beyond the recommendations of the authorities on the process of selecting varieties, planting, and caring. According to the plan, by 2015, the pepper area of ​​Gia Lai was 6,000 hectares and would remain the same until 2020, but statistics by mid-2017 showed that the pepper area in Gia Lai had reached 18,000 hectares, behind Dak Nong with 30,000 hectares and Dak Lak with 25,000 hectares.

The immediate billion-dollar profit has caused many farmers to rush to buy land and switch to growing pepper. Not only that, pepper varieties are bought in a floating market, techniques vary from person to person, and chemical fertilizers and pesticides are poured into the garden with the ambition of making pepper grow quickly and achieve the highest yield.

But the consequences of rapid growth came quickly. Pepper was infected with an incurable disease. There were hectares of pepper gardens that were left with only bare stalks after only half a month of disease. Along with the drought and heavy rains during the period of 2015 - 2019, many large pepper growing areas in Gia Lai were in dire straits. From about 18,000 hectares, Gia Lai's pepper area was reduced by more than half. By 2020, pepper prices had dropped to a record low, only 36,000 - 40,000 VND/kg.

There was a time when pepper poles were sold by people at cheap prices.

PHOTO: TRAN HIEU

Households mortgaged their land and houses to borrow money from banks, hoping to change their lives from “black gold” and eventually suffered the consequences. Each wooden pole used to grow pepper, which at its peak cost 80,000 – 140,000 VND, was uprooted by farmers and sold for a cheap price of 15,000 – 20,000 VND. Sadness spread quickly in the “Pepper Kingdom” like a nightmare. The once luxurious villas became deserted because many owners had to leave their homeland to work far away, working hard to earn money to pay off bank loans.

Mr. Hoang Phuoc Binh sighed: "No development can go on forever, it must have a period of stagnation and problems arising like a sine wave graph. Pepper is the same!"

Pepper reconstruction

Since the beginning of 2024, pepper prices have increased again. If at the end of May, pepper prices fluctuated between 115 and 117 million VND/ton, by October 22, domestic pepper prices increased by 500,000 to 1 million VND/ton in key growing areas, ranging from 144 to 145 million VND/ton. According to experts, this sudden increase only occurred in one day because export enterprises lacked export goods in signed contracts, so there was a phenomenon of massive hoarding.

The International Pepper Community (IPC) reported that the export price of Vietnamese black pepper is listed at 6,500 - 6,800 USD/ton, while white pepper fluctuates around 9,500 USD/ton. Pepper exports are positive, bringing pepper back to Vietnam's billion-dollar commodity. The Vietnam Pepper and Spice Association (VPSA) said that from the beginning of the year to October 15, Vietnam exported nearly 210 tons of pepper, worth 1.05 billion USD (down 1.9% in volume but up 47% in value compared to the same period in 2023).

With prices rising again, many farmers in Gia Lai have begun to explore and replant pepper trees. However, the old pain still haunts them, so they are currently only planting sparingly or replanting on old pepper trees interspersed in coffee gardens.

Rebuilding pepper after the disaster

Photo: TRAN HIEU

Mr. Hoang Phuoc Binh said: “The increase in pepper prices is an opportunity to revive this high-value crop in the coming time. We regularly propagate and encourage people to be careful in choosing varieties when planting new crops and thoroughly apply scientific intensive farming measures to avoid risks. We also connect with purchasing enterprises and fertilizer suppliers to cooperate with people to build demonstration models of organic and clean pepper production for people to learn and apply to improve economic efficiency. This is a long-term direction, suitable for export market demand.”

The plan of Gia Lai Provincial People's Committee is to develop and maintain a stable pepper area of ​​about 10,000 hectares by 2030, promote the development of pepper production in an organic direction, applying high technology...

Mr. Tran Minh Trieu, Vice Chairman of the People's Committee of Chu Se District, said that the pepper growing area recorded at the end of July 2024 in the whole district was 1,132 hectares, a slight increase compared to a few years ago. The fact that people are returning to develop pepper growing areas in the district is a good sign, because this is one of the crops with high economic value, suitable for the local climate and soil conditions.

“We recommend that people should not plant new trees en masse, and should consult experts to ensure that the garden grows safely, stably, and avoids disease,” said Mr. Trieu.

According to Thanh Nien

Pepper Market October 27, 2024

 

Pepper Market October 27, 2024: Market increased by 1,000 - 1,500 VND last week

Posted onOctober 27, 2024by VPA

October 27

Pepper price today, October 27, fluctuated at 145,000 - 146,000 VND/kg, overall over the past week the domestic market still increased by 1,000 - 1,500 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 was listed at 6,724 USD/ton, down a total of 1.03% over the past week.

Similarly, Kuching Malaysia black pepper prices decreased by 2.3% to USD 8,500/ton.

Meanwhile, Brazilian black pepper ASTA 570 remained flat last week at $6,400/ton.

Vietnam's 500 g/l and 550 g/l black pepper  for export   is offered at USD 6,500 - 6,800/ton.

Update pepper information

By the end of the third quarter, pepper exports from Vietnam and Brazil – the world’s two leading producing countries – recorded a decrease of 2.8% and 15.3% respectively compared to the same period last year, down to 200,268 tons and 49,366 tons.

In addition to the reduction in output due to unfavorable weather, pepper exports from Vietnam and Brazil are also affected by mixed fluctuations in demand from major consumer markets.

For example, in Vietnam, in the first 9 months of this year, Vietnam's pepper exports to most markets recorded a sharp increase, but China - the largest consumer market last year - decreased sharply by 84.1%, reaching only 8,905 tons.

So far, Chinese demand has been weak, with the country buying only a limited amount of pepper. Some traders say the slowing growth of the Chinese economy could be the reason for this.

However, the high pepper prices since late last year have helped Vietnam and Brazil achieve their best export turnover in many years, while also encouraging farmers to invest in maintaining and expanding their pepper farms.

On average, in the first 9 months of the year, Brazil's pepper export price reached 4,182 USD/ton, up 36.7% over the same period. The average pepper export price increased 49.2% over the same period, to 4,942 USD/ton.

In addition, the decline in export output from Vietnam and Brazil is being offset by strong increases in some other countries, especially Indonesia and India. The aggregated data shows that, by the end of August, Indonesia's pepper export volume increased by 58.6% while India's increased by 36.8%.

According to VietnamBiz.vn

 

Pepper Market on October 24, 2024

 

Pepper Market on October 24, 2024: Price increased to 147,000 VND/kg

Posted onOctober 24, 2024by VPA

October 24

New market,  pepper price today (October 24) fluctuates between 146,000 - 147,000 VND/kg. In contrast to the domestic market in Vietnam, pepper prices in Indonesia and India have turned to decrease.

 

In the world market

Updated from the International Pepper Community (IPC), in the most recent trading session, the price of Indonesian Lampung black pepper was listed at 6,727 USD/ton, continuing to decrease by 26 USD/ton compared to the previous trading session.

Meanwhile, pepper prices in other countries remained stable. Brazilian black pepper ASTA 570 was traded at $6,400/ton, while Malaysian Kuching black pepper was priced at $8,700/ton.

 Vietnam's 500 g/l and 550 g/l black pepper  exports  are priced at around 6,500 - 6,800 USD/ton.

Update pepper information

In India, pepper farmers are hoping for a quick recovery in prices after falling by around Rs 19 per kg in the last fortnight. Last week alone, domestic pepper prices in India fell by Rs 11 per kg, bringing the total fall in the last five weeks to around Rs 34 per kg.

The farmers attributed the fall in prices to large  imports   from Sri Lanka under the South Asian Free Trade Agreement (SAFTA) with a duty of 8%. Currently, the price of ungraded pepper in the Kochi wholesale market is Rs 627 per kg, while graded pepper is Rs 647 per kg.

Kishore Shamji, a Kochi-based pepper trader and director of the Indian Pepper and Spices Trade Association (IPSTA), said that almost all the markets were flooded with Sri Lankan pepper. This situation has put additional pressure on domestically grown pepper, leading to a fall in prices and forcing farmers in the southern pepper-growing states to sell off their stocks.

Even farmer unions that had earlier predicted a recovery in prices are trying to liquidate their stocks, said Kishore Shamji.

Citing figures, Mr. Kishore Shamji said the total pepper imported from Sri Lanka in the third quarter accounted for 10,433 tonnes out of the total 12,606 tonnes imported into India.

Mr Shamji said Sri Lanka's pepper production has crossed 25,000 tonnes and they are aiming to sell the surplus to India, where there is huge domestic demand.

However, he said imported pepper has lower bulk density, higher moisture content and the presence of mold, contributing to the decline in domestic pepper prices.

The Kerala chapter of the Indian Pepper and Spices Manufacturers Association has urged the government to curb imports, as this is severely affecting the interests of domestic farmers.

The association also alleged that loopholes in import policies are allowing imported pepper, meant for re-export, to enter the domestic market.

Mr. Shamji also added that the Directorate General of Foreign Trade (DGFT) allowing the retention of imported pepper for six months before re-export is a major shortcoming in the import -export  policy  for a sensitive commodity like pepper, according to  Thehindubusinessline .

According to VietnamBiz.vn

Vietnam Pepper - Ba Ria - Vung Tau: Risk of pepper crop failure

 

Ba Ria - Vung Tau: Risk of pepper crop failure

Posted onOctober 25, 2024by VPA

October 25

Currently, pepper gardens in Ba Ria - Vung Tau are in the fruit growing stage to prepare for the harvest around mid-January 2025.

However, due to the impact of unfavorable weather, pepper flowers fell off, resulting in low fruit set rates and a high risk of crop failure. Many farmers are worried because pepper prices are currently high, around 150,000 VND/kg, so profits will decrease sharply.

At this time, pepper gardens are in the fruit-bearing period. Looking at the percentage of pepper trees bearing fruit, it can be seen that this year's pepper crop yield will decrease sharply. In Xuyen Moc district, many pepper gardens have lush, green leaves, but the fruit-bearing rate is very sparse. Mr. Tran Van Phap in Hamlet 1, Hoa Hung Commune, Xuyen Moc District, has a pepper garden of 1.1 hectares, sharing that if last year his family's pepper garden yielded more than 5 tons, this year the fruit-bearing rate is only about 50% of last year's yield.

According to Mr. Phap, when people were preparing the trees to flower, the weather was harsh and prolonged, and drought caused the trees to stop sprouting and not flower. The trees that did flower fell off in large numbers, causing the fruit set rate on the trees to be very low.

The 3-hectare pepper garden of Mr. Hoang Van Quan's family in Hoa Hiep commune is in a similar situation. Despite being invested in quite systematically and grown organically, the family's pepper yield this season has still decreased sharply due to the adverse effects of the weather. The expected yield is only about 6 tons of fruit, equal to 50% of last year's output.

Meanwhile,  pepper prices are high , so the crop failure is a big regret for farmers. After many years of falling pepper prices, pepper gardens have been neglected and not invested in. Now, when pepper prices are high, growers are focusing on taking care of them, but they are facing unfavorable weather and crop failure - Mr. Quan regretfully shared.

In Chau Duc district, the province’s largest pepper growing area, many farmers are facing a similar situation. Mr. Ho Van Thu’s nearly 2-hectare pepper garden, residing in Binh Gia commune, Chau Duc district, also saw a decrease in productivity due to the weather. It is estimated that this pepper crop from Mr. Thu’s garden will yield only 2.5 tons instead of 5 tons like the previous crop.

Mr. Thu said that  pepper  is a sensitive plant, as unpredictable as the weather, and crop failures often occur. This year's yield is expected to decrease by more than 50%. Mr. Thu said the reason is due to the erratic changes in the weather. This year the rainy season came late, the weather is dry, hot, and the humidity is low, which is not favorable for pepper to bloom.

According to statistics from the Department of Agriculture and Rural Development, the pepper growing area of ​​the province is currently about 10,500 hectares. Although pepper prices have started to increase again since the 2023 crop year, farmers have focused on investing in and caring for pepper plants, but due to the impact of the weather, it is forecasted that this year's pepper crop will have a sharp decrease in output compared to last year.

Currently, pepper growers in the area are focusing on taking care of their plants to prepare for the new harvest. Given the current fluctuations in the pepper market, the local agricultural sector recommends that people focus on taking care of healthy and suitable pepper gardens to stabilize production. Areas of infected and dead pepper plants should not be replanted, but should be switched to other suitable crops.

At the same time, growers need to grasp the market in time to have appropriate investment levels. At the same time, continue to care for and prevent pests and diseases to ensure sustainable development of pepper plants in the following crops. At the same time, people focus on participating in chains linked with businesses to produce clean, high-quality products that can be exported to demanding markets, increasing the value of Ba Ria - Vung Tau pepper.

Pepper Market October 22, 2024

 

Pepper Market October 22, 2024: Prices remain stable

Posted onOctober 22, 2024by VPA

October 22

Pepper prices today, October 22, range from 143,500 to 145,000 VND/kg. At the end of October 2023, coffee prices fluctuated around 60,000 VND/kg; pepper was at 70,000 VND/kg. After one year, both agricultural products doubled.

At the end of October 2023, coffee prices fluctuated around 60,000 VND/kg; pepper was at 70,000 VND/kg. After one year, both agricultural products doubled.

As of mid-October 2024, Vietnam's pepper exports officially exceeded 1 billion USD. 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. However, high prices limit demand for this commodity, causing people to tighten spending. In particular, weak demand from the Chinese market continues to be the reason for restraining the growth of pepper.

However, in the long term, pepper export prices will still be supported, because Vietnam's output of this commodity in the 2025 crop is not expected to increase. The 2025 pepper crop in Vietnam will be harvested almost entirely in February, with some regions extending to March and April, 1-2 months later than previous years due to the impact of prolonged drought...

At the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Lampung black pepper (Indonesia) at 6,795 USD/ton, up 0.01%; the price of Brazilian black pepper ASTA 570 at 6,400 USD/ton; the price of Kuching black pepper (Malaysia) ASTA at 8,700 USD/ton.

Muntok white pepper price is 9,302 USD/ton; Malaysian ASTA white pepper price is at 11,200 USD/ton.

Vietnam's black pepper price is trading at 6,500 USD/ton for 500 g/l; 550 g/l at 6,800 USD/ton; white pepper price at 9,500 USD/ton. IPC kept pepper prices stable in other countries in the first trading session of the week.

According to KTĐT.vn

 

Vietnam Pepper and Spices Association attends Sial Paris 2024 International Food Exhibition

Posted onOctober 18, 2024by VPA

October 18

From October 19 to 23, 2024, the Vietnam Pepper and Spice Association will participate in the Sial Paris 2024 International Food Fair - one of the leading events of the food industry worldwide. This is a great opportunity to promote Vietnam's diverse pepper and spice products and agricultural products to buyers and industry experts from all over the world.

The Association's general booth has 8 participating enterprises displaying high-quality Vietnamese products including:

– Tran Chau Group Joint Stock Company

– Phuc Thinh Import Export Investment Joint Stock Company

– Dong Duong Dragon Import Export Company Limited

– Jayanti Company Limited

– Nguyen Hau Joint Stock Company

– Dung Nhi Thanh Joint Stock Company

– Minh Phong Import Export Joint Stock Company

– Sapo Dak Lak Joint Stock Company.

The main products on display include: Pepper, Cinnamon, Star Anise, along with a number of other spices. In addition, the delegation also introduced a number of other agricultural products such as rice, fruits, shrimp crackers, demonstrating the richness and diversity of Vietnam's agricultural sector.

We would like to invite our customers and partners to visit the Association's booth at Hall 4 - J183 to discover the unique flavors and high quality products that Vietnam has to offer.

VPSA

 

Signs of instability hidden behind market stability

Industry and Trade Newspaper

17/10/2024

The domestic pepper market is experiencing complicated developments, with trading prices increasing slightly on October 16, 10, but still containing many unstable factors. It is forecasted that prices tomorrow, October 2024, 17, will likely continue to maintain a stable price, but it is still necessary to closely monitor the latest market developments.

Pepper prices today (October 16, 10) in key regions recorded a slight increase compared to yesterday. Specifically, pepper prices Dak Lak purchased at 144.000 VND/kg, Chu Se pepper price (Gia Lai) purchased at 143.500 VND/kg, an increase of 500 VND/kg compared to yesterday. Pepper price Dak Nong Today's price is recorded at 144.000 VND/kg, unchanged from yesterday.

In the Southeast region, pepper prices today (October 16, 10) also recorded fluctuations compared to yesterday. Specifically, in Ba Ria - Vung Tau, it is currently at 2024 VND/kg, an increase of 144.000 VND/kg. At Binh Phuoc Pepper price today is at 144.000 VND/kg, up 500 VND/kg.

However, pepper prices world Today, there are signs of a slight decrease. Update on world pepper prices from the International Pepper Community (IPC), at the end of the most recent trading session, IPC listed the price of Indonesian Lampung black pepper at 6.744 USD/ton, and the price of Muntok white pepper at 9.233 USD/ton.

The price of Brazilian ASTA 570 black pepper was at USD 6.750/ton. The price of Malaysian ASTA black pepper remained stable at USD 8.700/ton; the price of this country's ASTA white pepper reached USD 11.200/ton.

Today, the price of Vietnamese black pepper lost up to 300 USD/ton, trading at 6.500 USD/ton for 500 g/l; 550 g/l at 6.800 USD/ton; white pepper price at 9.850 USD/ton.

Pepper price forecast October 17, 10: Signs of instability hidden behind market stability.

The gap between domestic pepper prices and world pepper prices has been creating certain pressures on the Vietnamese pepper market. Although Vietnam's pepper exports remained positive in the first 9 months of 2024, with a total export turnover of 991 million USD, the decrease in pepper prices in the world market may affect domestic pepper prices in the coming time.

In addition, pepper output in 2024 is expected to be lower than last year, as many farmers cut down pepper trees to plant more profitable crops such as durian and coffee. Pepper output in 2024 is estimated to reach only about 170.000 tons, down 10% compared to last year. This is also the lowest level in the past 5 years.

It is expected that Vietnam's 2025 pepper harvest will be almost entirely in February 2, with some regions extending to March and April, 2025-3 months later than previous years due to the impact of prolonged drought. This will increasingly limit Vietnam's pepper supply, putting further pressure on domestic pepper prices.

In addition, climate change is also a factor that directly affects pepper production. El Nino and La Nina have been negatively affecting farmers' cultivation and maintenance of pepper gardens, reducing pepper yield and quality.

Based on the above analysis, it is forecasted that pepper prices tomorrow, October 17, 10, will likely continue to maintain a stable price, fluctuating between 2024 - 143.000 VND/kg. However, the pepper market still contains many unstable factors.

Investors and farmers need to closely monitor the latest market developments, including: world pepper prices, domestic pepper output, consumption demand and the impacts of climate change. In addition, investors also need to pay attention to policy information related to the pepper industry, because this is also an important factor affecting prices.

*Information for reference only.

Sources: https://congthuong.vn/du-bao-gia-tieu-ngay-17102024-dau-hieu-bat-on-an-sau-su-on-dinh-cua-thi-truong-352907.html

 

 

Pepper Market October 16, 2024

 

Pepper Market October 16, 2024: Price increased slightly

Posted onOctober 16, 2024by VPA

October 16

Pepper prices today (October 16) fluctuated at 144,500 - 145,000 VND/kg, a slight increase of 500 VND/kg in the Southeast and Gia Lai regions. Pepper demand from the US market increased, Vietnam continued to be the leading supplier.

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 was still listed at 6,744 USD/ton.

Elsewhere, Kuching Malaysia black pepper prices remained at $8,700/ton, while Brazilian ASTA 570 black pepper reached $6,750/ton. Vietnam’s  export  prices of 500g/l and 550g/l black pepper  fluctuated at $6,500 – $6,800/ton.

Update pepper information

According to data from the United States International Trade Commission (USITC), pepper  imports   into the United States in August reached 7,372 tons, down 28% from the previous month but up 25% from the same period last year. Thus, pepper imports into the United States have grown for 8 consecutive months compared to the same period last year.

Therefore, total pepper imports into the US in the first 8 months of the year reached 63,294 tons, worth 306.9 million USD, up 37% in volume and 44.8% in value over the same period last year.

Regarding the supply market, Vietnam continued to be the largest pepper supplier to the US in the first 8 months of the year, accounting for 78% of the market's import capacity with a volume of 49,277 tons, worth more than 235.2 million USD, up 35.4% in volume and 46.8% in value over the same period last year. With this result, the US is also the largest customer of the Vietnamese pepper industry.

Meanwhile, the US also increased pepper imports from other suppliers such as: India reached 4,916 tons, up 24.4% and accounted for 7.8% of the market share; Indonesia reached 4,698 tons, up 111.7% and accounted for 7.4%; Brazil reached 2,385 tons, up 63.9% and accounted for 3.8%...

In the first 8 months of this year, the average imported pepper price into the US reached 4,849 USD/ton, up 5.7% over the same period last year.

Of which, the imported pepper price from Vietnam increased by 8.4% to an average of 4,774 USD/ton; from India increased by 3.4%, reaching 5,043 USD/ton; while the import price from Indonesia and Brazil decreased by 17% and 6%, to 5,117 USD/ton and 4,175 USD/ton.

According to VietnamBiz.vn

 

 

 

 

Pepper - Downward pressure remains

The domestic pepper market is going through unstable days with pepper prices continuously decreasing. Accordingly, today's market on October 15, 10, pepper prices in key areas such as Dak Lak, Gia Lai, Binh Phuoc traded around 143.000 - 144.000 VND/kg, with the highest price in Dak Lak and Dak Nong is 144.000 VND/kg. This price decrease makes pepper growers worried and raises many questions about the prospect of pepper prices in the coming time.

To further analyze the domestic pepper market developments and forecast pepper prices tomorrow, October 16, 10, we need to consider some key influencing factors.

Pepper market world is under competitive pressure from Indonesia and Brazil. 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 reached 6.744 USD/ton, up slightly by 0,18%, the price of Muntok white pepper reached 9.233 USD/ton, up 2,5%. However, the price of Brazilian ASTA 570 black pepper and Malaysian ASTA black pepper tended to decrease. The slight increase in Lampung black pepper price may be a positive signal, but not enough to create momentum for the Vietnamese pepper market. Because the price of Brazilian ASTA black pepper is at a competitive level with the price of Vietnamese pepper, while the slight decrease in the price of Malaysian ASTA black pepper also makes the market more unstable.

Pepper exports to China are also showing signs of decline. Statistics from the Chinese Customs Administration show that in August 8, the country's pepper imports reached 2024 tons, worth 890 million USD, down 5,8% in volume and 54,7% in value compared to the previous month. Although China's pepper imports in the first 36,8 months of the year increased by 8% in volume and 21,9% in value compared to the same period in 41, imports from Vietnam decreased significantly, reaching only 2023 tons, up 2.329% over the same period. The cause of this decline may come from many factors, including price competition from Indonesia. Indonesia is in the harvest season, making the supply abundant and prices more competitive. The decline in demand in the Chinese market is also a factor worth noting.

Vietnam's pepper exports are also facing difficulties with a sharp decline. According to the latest data from the Vietnam Pepper and Spice Association, Vietnam's pepper exports to China in the first 9 months of the year (including official and unofficial channels) reached 8.905 tons, down sharply by 84,1% compared to the same period last year. This sharp decline shows the weakening of the Chinese pepper market for Vietnamese pepper. In addition to price competition from Indonesia, the trend of shifting to other sources of supply also affects Vietnam's pepper exports.

Based on current market information, it is predicted that pepper prices tomorrow, October 16, 10, will continue to decrease slightly. The downward pressure from the world market will continue to affect domestic pepper prices. Pepper exports to China have not shown signs of recovery, while pepper import prices from Indonesia are more competitive. Domestic consumption demand shows no signs of growth.

However, it should be noted that pepper prices can change based on many other factors, so it is necessary to monitor closely and make appropriate decisions.

With current difficulties, pepper growers need to be flexible in production and business activities, while seeking solutions to improve productivity and product value, contributing to maintaining and developing the Vietnamese pepper industry.

*Information for reference only.

Sources: https://congthuong.vn/du-bao-gia-tieu-ngay-16102024-ap-luc-giam-gia-van-hien-huu-352587.html

 

 

 

Pepper - Reasons for market decline in the Southeast region

 

 

Reasons for market decline in the Southeast region

Pepper price today, October 15, 10, in key areas fluctuated slightly compared to yesterday and traded around 2024 - 143.000 VND/kg, the highest purchase price at Dak Lak , and Dak Nong is 144.000 VND/kg.

Accordingly, Dak Lak pepper price was purchased at 144.000 VND/kg, stable compared to yesterday. Chu Se pepper price (Gia Lai) purchased at 143.000 VND/kg VND/kg price; Dak Nong pepper price today recorded at 144.000 VND/kg, unchanged compared to yesterday.

In the Southeast region, pepper prices today (October 15, 10) mainly recorded fluctuations compared to yesterday. Specifically, in Ba Ria - Vung Tau, it is currently at 2024 VND/kg, down 143.500 VND/kg. At Binh Phuoc Pepper price today is at 143.500 VND/kg, down 500 VND/kg.

Thus, pepper price today October 15, 10 remains stable in the Central Highlands region, the lowest level in Binh Phuoc and Chu Se provinces (Gia Lai) at 2024 VND/kg and the Southeast region has a slight decrease.

Pepper price world Today:

Update on world pepper prices from the International Pepper Association (IPC), at the end of the most recent trading session, IPC listed the price of Indonesian Lampung black pepper at 6.744 USD/ton, up 0,18%, and the price of Muntok white pepper at 9.233 USD/ton, up 2,5%.

The price of Brazilian ASTA 570 black pepper at 6.750 USD/ton remained unchanged compared to yesterday. The price of Malaysian ASTA black pepper at 8.700 USD/ton decreased by 1,15%; the price of this country's ASTA white pepper reached 11.200 USD/ton.

The price of Vietnamese black pepper is at 6.800 USD/ton for 500 g/l; 550 g/l is at 6.800 USD/ton; the price of white pepper remains at 9.850 USD/ton...

The pepper market is experiencing gloomy days as pepper prices in the Southeast region continue to fall, causing much concern for pepper growers. Although it cannot be confirmed that this is a long-term trend, the reasons behind this price drop have revealed the challenges that the pepper industry is facing.

The strengthening of the US dollar is one of the main reasons for the decline in pepper prices. A stronger US dollar means that import costs for importing countries like Vietnam will increase, leading to a decrease in demand. Pepper, a major export of Vietnam, is no exception to this effect. Consumers in import markets will consider choosing cheaper alternatives, causing a decrease in demand for pepper.

In addition, the money flow is gradually shifting from pepper to coffee, which is also a factor worth noting. The coffee harvest season in Vietnam has begun, attracting capital and attention from investors. This leads to a decrease in capital for the pepper market, negatively affecting prices.

Meanwhile, demand from major import markets, especially China, has yet to show signs of strong growth. Although China is Vietnam’s largest pepper consumer market, its purchasing power remains quite weak, directly affecting pepper prices.

In fact, data from the Vietnam Pepper Association shows that pepper exports to China fell 84,1% in the first nine months of the year. Although China’s pepper imports increased in the first eight months of the year, they mainly came from Indonesia, a country with more competitive prices than Vietnam.

Fierce competition from other pepper producing countries, especially Indonesia, is one of the major challenges for the Vietnamese pepper industry. Indonesia, with its advantages of lower production costs and increasingly improved product quality, is dominating Vietnam's pepper export market share, making it difficult for Vietnamese exporters to maintain the market.

In addition to the above factors, the unstable global economic situation also contributes to the reduction in global demand for pepper. Inflation and economic recession are taking place in many countries, causing consumers to cut back on spending on non-essential items, including pepper.

Although pepper prices may continue to decline in the short term, in the long term, the market may be supported by the expected reduction in pepper output in 2025 due to weather impacts, leading to a reduction in supply and possibly pushing prices up.

Competition in the pepper market is inevitable, requiring pepper growers to proactively adapt and improve their competitiveness. Applying science and technology, improving product quality, diversifying consumption markets, closely monitoring the market, and updating information on prices and consumption demand are important factors for pepper growers to succeed in the context of unpredictable market fluctuations.

Sources: https://congthuong.vn/gia-tieu-hom-nay-15102024-nguyen-nhan-thi-truong-di-xuong-tai-khu-vuc-dong-nam-bo-352429.html

 

 

 

 

 

Pepper Market October 14, 2024: China increases pepper imports from Indonesia, reduces purchases from Vietnam

Posted onOctober 14, 2024by VPA

Posted onOctober 14, 2024by VPA

October 14

Pepper prices today are stable at around 143,000 - 145,500 VND/kg. China has increased its pepper imports from Indonesia by 53.2% in the first 8 months of the year, while imports from Vietnam have decreased sharply.

In the domestic market

See more:  Pepper price today October 13

Pepper price  today, the first day of the week, is stable at 143,000 - 145,500 VND/kg.

Accordingly, traders in Gia Lai continue to buy pepper at the lowest price of 143,000 VND/kg.

Higher at 144,000 VND/kg include Dak Lak, Dak Nong and Binh Phuoc.

The highest current pepper trading price is 145,500 VND/kg, recorded in the two provinces of Ba Ria - Vung Tau and Dong Nai.

In the world market

According to an update from the International Pepper Community (IPC), in the most recent trading session,  the price of   Indonesian Lampung black pepper was listed at 6,732 USD/ton.

Similarly, the price of Kuching black pepper from Malaysia remained stable at USD 8,700/ton, while Brazilian black pepper ASTA 570 reached USD 6,750/ton.

In Vietnam, the  export  price  of 500 g/l and 550 g/l black pepper fluctuates at 6,500 - 6,800 USD/ton.

At the same time of survey, the price of Indonesian Muntok white pepper was offered at 9,002 USD/ton. Meanwhile, the price of Vietnamese and Malaysian white pepper stood at 9,850 USD/ton and 11,200 USD/ton.

Update pepper information

According to data from the China Customs Administration, the country's pepper  imports   in August reached 890 tons, worth 5.8 million USD, down 54.7% in volume and 36.8% in value compared to the previous month, but up 23.7% in volume and 80.9% in value compared to the same period last year.

In the first 8 months of the year, China imported 7,484 tons of pepper, worth 36.1 million USD, up 21.9% in volume and 41% in value over the same period in 2023.

The two main pepper supply markets for China in the first 8 months of the year were still Indonesia and Vietnam.

Of which, imports from Indonesia reached the highest with 4,399 tons, a sharp increase of 53.2% over the same period and accounting for 58.8% of the total pepper imported into China.

Next, imports from Vietnam reached 2,329 tons, up 7.2% and accounting for 31.1% of the market's import capacity.

In total, Indonesia and Vietnam account for 90% of China's pepper import market share.

However, the data from the Chinese Customs Administration mainly covers the amount of pepper imported through official channels. According to the latest data from the Vietnam Pepper and Spice Association, the amount of pepper exported from Vietnam to China in the first 9 months of the year (including official and unofficial channels) reached 8,905 tons, a sharp decrease of 84.1% compared to the same period last year.

In the first eight months of this year, China's pepper import price averaged $4,825 per ton, up 15.7% over the same period last year. Of which, the average import price from Indonesia increased by 10.9% to $4,611 per ton; while the import price from Vietnam increased by 24.1% to $4,708 per ton.

Prices from Indonesia are more competitive, which may be one of the main reasons why the amount of pepper exported from this country to China has increased sharply in recent times.

According to VietnamBiz.vn