Pepper Market October 22, 2024: Prices remain stable
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
Posts
No comments:
Post a Comment