Pepper market on May 15, 2024

 

Pepper market on May 15, 2024: Strong increase to 2,000-3,000 VND

Posted onMay 15, 2024by VPA

15
May

Pepper price today May 15, 2024 increased by 500 - 1,000 VND. Currently, domestic pepper prices are trading around 103,000 - 104,000 VND/kg.

World pepper prices  today May 15

Around the world, the pepper market on May 15 fluctuated in opposite directions.

Accordingly, the price of Lampung black pepper in Indonesia decreased slightly by 0.31%, down to 4,887 USD/ton. The country's Muntok white pepper price is anchored at 6,427 USD/ton.

Malaysia's Kuching ASTA black pepper price remained stable at 4,900 USD/ton; This country's ASTA white pepper is still priced at 7,300 USD/ton.

For the Brazilian market, the price of ASTA 570 black pepper increased sharply by 2%; up to 5,000 USD/ton.

In Vietnam, export prices of black pepper grades 500 and 550 g/l increased to 4,600 and 4,700 USD/ton, respectively. The export price of white pepper increased by 100 USD; up to 6,600 USD/ton.

Pepper type	Price (Unit: USD/ton)	Change
Lampung black pepper (Indonesia)	4,887	-0.31%
Brazilian black pepper ASTA 570	5,000	2%
Kuching black pepper (Malaysia) ASTA	4,900	–
Muntok white pepper	6,427	-0.31%
ASTA Malaysian white pepper	7,300	–
Black pepper type 500 g/l Vietnam	4,600	–
Black pepper type 550 g/l Vietnam	4,700	–
Vietnamese white pepper	6,600	–

World pepper prices today  fluctuated unevenly with a slight decrease in Indonesia but a sharp increase in Brazilian black pepper. Meanwhile, other markets remained stable.

According to IPC, Malaysian pepper output in 2023 will reach about 23,000 tons, an increase of 5% compared to the previous year. Along with the increase in output, IPC also forecasts that Malaysia's pepper exports will increase this year.

Thus, world pepper prices on May 15, 2024 increased and decreased in opposite directions compared to yesterday.

Pepper prices today  May 15 in the country

Domestically, the pepper market on May 15 increased simultaneously compared to yesterday.

Specifically, Dak Lak increased by 2,000 VND, purchasing pepper at a price of 106,000 VND/kg;

In Dak Nong, pepper price today increased slightly to 105,500 VND/kg.

Similarly, Gia Lai pepper price today increased sharply to 106,000 VND/kg;

Dong Nai traders bought pepper at a price of 105,000 VND/kg, an increase of 3,000 VND;

Similarly, the latest pepper price in Ba Ria - Vung Tau is 107,000 VND/kg;

In Binh Phuoc, traders increased 2,000 VND, trading pepper at 106,000 VND/kg.

Domestic pepper prices   today increased slightly by 500 VND in Dak Nong and increased sharply by 1,000 VND in other key regions. Thereby bringing this agricultural product to the highest price at 106,000 VND/kg.

Vietnam's pepper consumption is still maintaining stability while selling prices are still on an increasing trend. According to data from VPSA, the amount of pepper exported in April was equivalent to March and the same period last year, about 26,000 tons.

The average export pepper price is at 4,437 USD/ton - the highest level since May 2022, and also marks a series of 11 consecutive months of increases.

In a recent report, the Import-Export Department also predicted that in the remaining months of the second quarter of 2024, our country's pepper exports will grow positively thanks to increased demand from European markets. Americas.

This agency also commented that the world pepper market has shown positive signs since the beginning of 2024. In addition to increased consumption demand, maintaining high pepper prices will also have a positive impact on the industry. Vietnamese pepper.

Thus, the domestic pepper price on May 15, 2024 is trading around 106,000 - 107,000 VND/kg.

According to Nongnghiep.vn

Pepper market on May 14, 2024

 

Pepper market on May 14, 2024: increased in Dak Nong, how is pepper in Brazil and Indonesia?

Posted onMay 14, 2024by VPA

14
May

Pepper price today May 14 is in the range of 102,000 - 103,000 VND/kg. Last week, Chinese traders made positive moves in increasing purchasing. Even though it's only a small volume, it still has a positive impact. The market turned its attention to the new harvest in other countries.

In Dak Lak province,  today's pepper price was purchased at 104,000 VND/kg.

In Dak Nong province, today's pepper price was purchased at 103,000 VND/kg, an increase of 500 VND/kg.

In Gia Lai province, today's pepper price is 103,000 VND/kg.

Meanwhile in Dong Nai, today's pepper price is at 103,000 VND/kg.

In Ba Ria - Vung Tau province, pepper price today is at 104,000 VND/kg.

In Binh Phuoc province, today's pepper price is purchased at 103,000 VND/kg.

Pepper price early this morning increased by 500 VND/kg in Dak Nong, remaining stable in other areas compared to the same time yesterday.

At the end of the most recent trading session, the International Pepper Community (IPC) listed Lampung (Indonesia) black pepper price at 4,902 USD/ton; Brazilian black pepper price ASTA 570 is at 4,900 USD/ton; Kuching (Malaysia) ASTA black pepper price remained at 4,900 USD/ton.

Muntok white pepper price 6,447 USD/ton; Malaysian ASTA white pepper price is still at 7,300 USD/ton.

Vietnam black pepper price is trading at 4,600 USD/ton with 500 g/l type, 550 g/l type at 4,700 USD/ton; White pepper price is at 6,600 USD/ton. IPC kept pepper prices in other countries unchanged compared to yesterday.

Last week, according to observers, Chinese traders made positive moves in increasing purchases. Even though it's only a small volume, it still has a positive impact on the market.

Since the beginning of the month, Vietnam's coffee price increased to 130,000 VND/kg, then suddenly decreased, currently maintaining 100,000 VND/kg. The above move causes cash flow to shift to pepper.

In the coming time, the market will turn its attention to new harvests in other countries.

According to the Vietnam Pepper and Spice Association, drought in Espírito Santo and Bahia states is expected to affect the ongoing harvest (April to June) in Brazil. It is expected that total Brazilian pepper production will only reach about 95-100 thousand tons, equivalent to 2023, lower than the forecast of 105 thousand tons by the end of 2023 of the International Pepper Association (IPC).

Brazil's average FOB pepper price in the first quarter of 2024 increased by 22.7% compared to the first quarter of 2023. Specifically, in January the average price was 3,252 USD/ton, then in March the export price reached 3,664 USD/ton, an increase of 12.7% compared to January 2024. In April, the price continued to increase by 8.3%. % reached 3,969 USD/ton.

In Indonesia, inventory levels are currently low due to reduced annual production. This country's exporters are said to be "closed" to the export market because output mainly provides for domestic consumption.

According to KTĐT.vn

Vietnam Pepper Pricing Overview

 

 

Pepper continues to show strength heading to second
half of the year having reached a record high of 94,000
VND/kg average pricing for raw material seen about 41%
higher than last year’s recorded pricing average for the
same quarter recorded.

Entering the month of May, pepper surpasses the
90,000’s price mark climbing into 100,000’s VND mark
able to maintain its footing two weeks in a row heading
to its third week—a feat of a new record high of 107,000
VND/kg.

Week 19, China who was initially on a sideline during first
quarter of the year, reportedly entered the picture,
buying in small volume impacted the market quite
strongly.
Coffee situation elevated the market even more. After
reaching its all-time high over 130,000 VND/kg this year,
local market was seen dropping sharply in recent days
owed to the recovery of coffee inventories. This
prompted farmers and dealers to switch their attention
back to pepper.

Year-Over-Year First Four (4) Months VN Export Volume
Vietnam Pepper export volume for the month of April
reached about 28k tons, wherein, USA imported about
7,669 tons, followed by China at 2,093 tons.

The first four (4) months of 2024, USA still leading able to
import about 23,171 tons, followed by India at 5,537
tons, Germany at 5,438 tons, and China at 5,051 tons.
Overall, Vietnam exported about 87,621 tons for the first
four months of the year – a 18% drop in export volume
as compared to last year’s same period recorded, with
pricing average that is about 24% higher this year as
compared to last year.

Indonesia
Low level of stock position due to declining crop yearly,
offers remains firm having limited offers particularly for
Muntok.
Due to Vietnam situation, farmers and middlemen who
still has remaining some stock positions are also
influenced to hold back their materials.
Thus, market was seen ascending by 8% having no firm
offers at hand from exporters due to not having enough
quantities to participate with overseas demand.

RGT Pepper Market Report – May 2024
Royal Golden Trading 2024. All Rights Reserved.
Website: www.royalgoldentrading.com/ Email: Info@royalgoldentrading.com

Pepper in Vietnam

 

Groundwater in the Central Highlands 'constantly decreasing'

Posted onMay 8, 2024by VPA

08
May

The demand for groundwater exploitation in the Central Highlands has increased due to drought and heat, causing the water level to constantly lower, in some places suddenly dropping more than 2.3 m, according to experts.

The Central Highlands is experiencing a severe drought.  VnExpress  interviewed Mr. Trieu Duc Huy, Deputy Director of the National Center for Water Resources Planning and Investigation (Ministry of Natural Resources and Environment) about the current status and solutions to cope with drought in the coming time.

– How do you evaluate the decline in groundwater in the Central Highlands?

– During the current peak dry season, the amount of flow on rivers has decreased by 20-60% compared to the average of many years. Some lakes and streams have dried up, causing local drought. A similar situation also occurs with small and medium irrigation projects.

From November 2023 until now, nearly half of the groundwater level monitoring projects have a downward trend compared to the same period last year and the average of many years. This situation is concentrated in Krong Pak and Cu Kuin districts of Dak Lak province and Lam Ha district and Bao Loc city of Lam Dong province. In particular, the lowest sudden drop in water level was 2.31 m observed in Tan Van commune, Lam Ha district.

Mr. Trieu Duc Huy. Photo:  DWRM

There are many reasons for lowering the groundwater level. Specifically, the impact of climate change has caused a clear decline in water resources in a short period of time. El Nino reduces rainfall and increases water evaporation. Forest area and vegetation cover are decreasing, and the area of ​​bare land and bare hills is increasing.

Finally, the lack of surface water sources leads to increased demand for groundwater exploitation to serve irrigation of coffee, pepper, crops and daily life, causing the underground water level to continuously lower.

–  What are the unique characteristics of drought and heat in the Central Highlands compared to other regions?

– Firstly, the climate in this region is seasonal tropical, but the terrain with an average altitude of 500-600 m above sea level so the weather is often colder than in the plains. Summer is usually dry and hot, especially in March-May.

Land in the Central Highlands also has unique characteristics that affect water sources. Soil often has high clay content, making the rate of rainwater infiltration into aquifers slower than in plains and coastal areas - where there are coarse-grained soil layers.

The Central Highlands is the watershed of the region, the source of most large river systems, flowing downstream in the surrounding areas on all sides. Therefore, the water retention time in the area's surface water sources is shorter than that in the downstream area.

Drought-resistant crops in the Central Highlands often face high stress from heat and dehydration. Crops such as coffee, cashew, pepper and barley can be seriously affected because they need a lot of water and do not tolerate drought well.

In summary, during the drought and heat wave in the Central Highlands, the specific climate, soil, water resources and crops of this area all contributed to creating a difficult situation, requiring appropriate response measures. Collaboration from the community and Government agencies.

The bed of Dak Ken lake in Dak Nong province is bare, people are struggling to find water sources for irrigation. Photo:  Lap Phuong

–  Forecast in the coming time, what will the drought situation be like?

– The drought and water shortage situation is severe. The drought continues to last until the first half of May. It is forecast that the total amount of water in the Sre Pok and Se San river basins in the Central Highlands will tend to decrease sharply, concentrated in the provinces of Gia Lai, Dak Lak, and Dak Nong and Kon Tum.

Especially in the above sub-basins of the Se San river basin, the total amount of water tends to decrease by more than 46% compared to the average total amount of many years.

Heat and drought can damage crops by reducing their ability to absorb water and reducing yields. This is especially worrying for coffee and cashew, two crops that need a lot of water to grow.

Droughts can reduce water resources needed for irrigation and crop growth, placing great pressure on water supplies for farmers and agribusinesses. These effects can cause significant economic losses to growers and reduce their income, as well as putting at risk the food supply and livelihoods of local communities.

People in Chu Se district, Gia Lai province dig wells to get drinking water, mid-April 2024. Photo:  Tran Hoa

– What solutions has the Central Highlands implemented to cope with drought?

– There have been many major projects implemented such as building backup water supply systems for reservoirs and deep drilled wells to supply water to drought areas. Provinces such as Dak Lak and Gia Lai have invested in building large water reservoirs such as Ea H'leo in Dak Lak and Hoa Binh in Gia Lai.

Farmers in Dak Nong and Kon Tum have been trained and supported to deploy drip irrigation systems and irrigate using recycled water. This helps reduce water consumption in agricultural production and increase water use efficiency.

Provinces in the Central Highlands region have organized seminars, training and propaganda campaigns to raise awareness about drought and guide communities to use water resources more effectively.

In addition, the search, exploration and investigation of underground water resources have also been promoted. Groundwater resources are somewhat enhanced by artificial recharge solutions; Increase water storage in underground aquifers in areas with suitable practical conditions.

–  In the long term, what needs to be done to cope with drought in the Central Highlands?

– The Center is implementing many projects to respond to the risk of desertification in the Central Highlands and other regions nationwide. These include projects under the investigation program, searching for underground water sources to provide domestic water for high mountainous areas with water scarcity; Projects for investigation, assessment, zoning and restriction of groundwater exploitation; Groundwater protection project in large urban areas...

In the long term, I think it is necessary to invest in building a system of anti-erosion structures such as dikes and water tanks to retain and prevent land loss due to floods. Along with that, implement sustainable water resources management programs, including more efficient use of water in agricultural production and daily life, as well as protecting and regenerating groundwater resources.

Next is to promote the preparation, review and supplementation of water resources planning according to river basins; Develop water resource scenarios for river basins, serving management and decision-making on water resources. In particular, special attention should be paid to ensuring the principle of compatibility between the annual water source scenario and water exploitation and use plans in localities with the water source scenario.

In addition, it is necessary to promote tree planting projects to protect land and prevent desertification; Strengthen education and consultation programs to raise public awareness of the risks of desertification, and provide guidance on how to respond and protect the environment.

These projects all require cooperation between Government agencies, non-governmental organizations, local communities and environmental experts to ensure effectiveness and sustainability in responding to the risk of desertification in the Central Highlands. .

According to VnExpress.net

Pepper exports hit $353 million in four months amidst soaring prices

 

 

HÀ NỘI — Pepper export continued to enjoy high export prices in April, enabling Việt Nam to earn US$353 million from this 'black gold' export in the first four months.

In April, Việt Nam exported 27,000 tonnes of pepper, fetching $117 million, representing a slight increase of 2.2 per cent in volume but a significant surge of 40.4 per cent in value compared to the same month last year, data from the Ministry of Agriculture and Rural Development showed.

Ending April, pepper exports reached 83,783 tonnes, worth $353 million, marking a decrease of 18.3 per cent in volume but an increase of 11.5 per cent in value year-on-year.

The pepper export price in April climbed for the fourth consecutive month, averaging $4,342 per tonne, up 37.4 per cent compared to the previous year. Over the first four months, the average export price reached $4,214 per tonne, showing an increase of 36.4 per cent year-on-year.

Many new markets, including Pakistan, Germany, South Korea and India, have significantly increased imports of Việt Nam's pepper, with all recording triple-digit growth.

Việt Nam is a major pepper export in the world, occupying 40 per cent of global output and 60 per cent of export market shares. However, the prices of the country’s pepper products rank lowest among its counterparts.

Việt Nam's black pepper price ranges from $4,200 to $4,300 per tonne, whereas Brazil’s similar type is $4,900 per tonne, and Indonesia and Malaysia’s prices stand at $4,703 and $4,700 per tonne, respectively.

Hoàng Thị Liên, President of the Vietnam Pepper and Spice Association, said supplies from Việt Nam and Brazil have decreased due to El Nino impacts, leading to increases in export prices.

In the domestic market, pepper prices have surged from VNĐ67,000 per kilogramme at this time last year to the current VNĐ97,000 ($4) per kilogramme, marking a 44.7 per cent increase.

Pepper prices are expected to remain high in the future, potentially aiding the pepper industry in reaching the $1 billion export milestone this year. — VNS

 

Pepper market May 4, 2024: Contrary to the deep decline in coffee, pepper increased again

 

In the world, the pepper market on May 4 increased quite strongly in Indonesia but remained flat in other countries.

Accordingly, the price of Lampung black pepper in Indonesia increased slightly by 0.67%; increased to 4,757 USD/ton. The price of Muntok white pepper in this country also increased by 0.67%; at 6,303 USD/ton.

Malaysia's Kuching ASTA black pepper price remained stable at 4,900 USD/ton; This country's ASTA white pepper is still priced at 7,300 USD/ton.

For the Brazilian market, the price of ASTA 570 black pepper is anchored at 4,700 USD/ton.

In Vietnam, export prices of black pepper grades 500 and 550 g/l remained at 4,400 and 4,500 USD/ton, respectively. The export price of white pepper is anchored at 6,000 USD/ton.

Pepper type	Price (Unit: USD/ton)	Change
Lampung black pepper (Indonesia)	4,757	0.67%
Brazilian black pepper ASTA 570	4,700	–
Kuching black pepper (Malaysia) ASTA	4,900	–
Muntok white pepper	6,303	0.67%
ASTA Malaysian white pepper	7,300	–
Black pepper type 500 g/l Vietnam	4,400	–
Black pepper type 550 g/l Vietnam	4,500	–
Vietnamese white pepper	6,000	–

World pepper prices today  continue to increase in Indonesia and remain stable in other markets.

This week, IPC commented that the market has a negative trend when no country reported a decrease. In particular, domestic and international prices of Indian and Indonesian pepper both increased.

Currently, the supply of pepper from Vietnam and Brazil has decreased due to the impact of the El Nino phenomenon, thereby causing prices to increase. Vietnam's export pepper market is also making major adjustments, with new markets appearing, including Pakistan, Germany, Korea, and India, all recording 3-digit growth.

Thus, world pepper prices on May 4, 2024 are still increasing in Indonesia compared to yesterday.

PEPPER DAILY PRICES - MAY 03 2024