On the world market
At the end of the most recent trading session, the International Pepper Community (IPC) said that the price of Indonesian Lampung black pepper was quoted at 6,984 USD/ton, up 0.56% (45 USD/ton) compared to the previous day.
Prices in other leading producing countries remained generally stable. Currently, Brazilian black pepper ASTA 570 is quoted at USD 6,500/ton, while Malaysian Kuching black pepper is at USD 9,600/ton.
In Vietnam, black pepper export prices continue to fluctuate between 6,600 - 6,800 USD/ton for 500 g/l and 550 g/l.
Type name |
World black pepper price list |
|
September 30 (Unit: USD/ton) |
% change from yesterday |
|
Lampung Black Pepper (Indonesia) |
6,984 |
+0.56 |
Brazilian Black Pepper ASTA 570 |
6,500 |
– |
Kuching Black Pepper (Malaysia) ASTA |
9,600 |
– |
Vietnamese black pepper (500 g/l) |
6,600 |
– |
Vietnamese black pepper (500 g/l) |
6,800 |
– |
At the same time of survey, the price of Indonesian Muntok white pepper reached 9,897 USD/ton, an increase of 56 USD/ton compared to the previous session.
Meanwhile, the price of Malaysian ASTA white pepper remained stable at USD 13,000/ton. Similarly, the price of Vietnamese white pepper remained at around USD 9,250/ton.
Type name |
World white pepper price list |
|
September 30 (Unit: USD/ton) |
% change from yesterday |
|
Muntok Indonesian White Pepper |
9,897 |
+0.57 |
ASTA Malaysian White Pepper |
13,000 |
– |
Vietnamese white pepper |
9,250 |
– |
Update pepper information
According to the latest report by Harris Spice, after increasing in late August, pepper prices have largely fluctuated within a narrow range over the past month.
Moderate demand from China has provided some support to the market. Fluctuations in coffee prices have also affected the pepper market, as some traders tend to sell their pepper stocks to switch to coffee trading. At the same time, farmers and traders still hold on to their stocks, not wanting to sell at low prices.
A series of tropical storms brought rain to the northern and central provinces of Vietnam over the past month. Fruiting is currently underway in most pepper growing areas. Prolonged rains were recorded in many areas of the Central Highlands, causing uneven flowering and promoting more leaf and stem growth.
In India, rains continue to lash central and southern parts of the country. Incessant rains have been reported in most pepper growing regions this year. In many areas, the prolonged monsoon has triggered various diseases, which may impact the next crop.
Meanwhile in Indonesia, harvesting is still underway in parts of southern Sumatra. Heavy rains early in the year have reduced total production for the season. Demand from domestic traders and speculators has kept prices steady. Marketed production is expected to increase in the coming weeks as the harvest peaks in Lampung and South Sumatra.
Harvest is underway in the northern region of Brazil’s Para state. Despite good yields, selling pressure remains low as farmers and traders have the financial wherewithal to hold onto their stocks. Limited demand is also a key factor affecting the market.
According to VietnamBiz.vn
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