Pepper Market September 19, 2024

 

Pepper Market September 19, 2024: Price increases again

Posted onSeptember 19, 2024by VPA

September 19

Pepper price today September 19 is around 149,000 - 150,000 VND/kg.

Preliminary statistics from the Vietnam Pepper and Spices Association show that in the first 15 days of September 2024, Vietnam exported 6,917 tons of pepper, with a total export turnover of 42.3 million USD.

The main exporting enterprises in the first 15 days of September include: Olam Vietnam: 970 tons, Phuc Sinh: 743 tons, Haprosimex JSC: 568 tons, Tran Chau: 561 tons and Nedspice Vietnam: 480 tons.

On the other hand, Vietnam imported 706 tons, with a total import turnover of 3.7 million USD. Olam Vietnam, Tran Chau and Phuc Thinh were the three largest importers, reaching 149 tons, 109 tons and 105 tons. Indonesia and Brazil were still the two main pepper suppliers to Vietnam, reaching 359 tons and 245 tons.

In the first 15 days of August 2024, Vietnam exported 10,082 tons of pepper, with a total export turnover of 58.8 million USD. Compared to the previous month, pepper exports are decreasing sharply, equivalent to 30%. This is one of the reasons for the sharp drop in domestic pepper prices in the past 3 sessions.

At the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Lampung black pepper (Indonesia) at 7,589 USD/ton, down 0.08%; the price of Brazilian black pepper ASTA 570 at 7,000 USD/ton; the price of Kuching black pepper (Malaysia) ASTA at 8,800 USD/ton.

Muntok white pepper price is 9,154 USD/ton, down 0.08%; Malaysian ASTA white pepper price is at 10,900 USD/ton.

Vietnam black pepper prices are trading at 6,800 USD/ton for 500 g/l; 7,100 USD/ton for 550 g/l; and 10,150 USD/ton for white pepper. IPC reduced pepper prices in Indonesia while keeping them stable in other countries.

According to KTĐT.vn

 

 

 

 

Pepper Market September 17, 2024: Price slightly decreased again

Posted onSeptember 17, 2024by VPA

September 17

Pepper prices today, September 17, range from 152,000 to 155,000 VND/kg. Pepper prices early this morning decreased by 1,000 VND/kg in the Dak Lak - Dak Nong area. IPC sharply reduced pepper prices in Brazil at the beginning of the week while remaining stable in other countries.

In Dak Lak province, pepper price today is purchased at 155,000 VND/kg, down 1,000 VND/kg.

In Dak Nong province, pepper price today is purchased at 155,000 VND/kg, down 1,000 VND/kg.

In Gia Lai province, pepper price today is at 154,000 VND/kg.

Meanwhile in Dong Nai, pepper price today is at 154,000 VND/kg.

In Ba Ria - Vung Tau province, pepper price today is at 155,000 VND/kg.

In Binh Phuoc province, pepper price today is purchased at 152,000 VND/kg.

Pepper prices this morning decreased by 1,000 VND/kg in Dak Lak - Dak Nong area, remaining stable in the remaining provinces compared to the same time yesterday. The market has adjusted again after the sideways days at the end of the week.

At the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Lampung black pepper (Indonesia) at 7,562 USD/ton; the price of Brazilian black pepper ASTA 570 at 7,000 USD/ton, down 400 USD/ton, equivalent to 4.29%; the price of Kuching black pepper (Malaysia) ASTA at 8,800 USD/ton.

Muntok white pepper price is 9,121 USD/ton; Malaysian ASTA white pepper price is at 10,900 USD/ton.

Vietnam's black pepper price is trading at 6,800 USD/ton for 500 g/l; 7,100 USD/ton for 550 g/l; white pepper price is at 10,150 USD/ton. IPC sharply reduced Brazilian pepper prices at the beginning of the week while keeping them stable in other countries.

The International Pepper Community commented that the market in the second week of September showed a positive response when no producing country recorded a decrease.

In South Asia, after two weeks of stability, domestic and export pepper prices in India increased last week. Meanwhile, domestic pepper prices in Sri Lanka continued to increase over the past two weeks.

Indonesian black pepper prices continue to be stable. Meanwhile, white pepper prices recorded an increase last week.

After two weeks of decline, domestic pepper prices in Malaysia stabilized last week. Export prices continued to increase.

Vietnam's domestic and international pepper prices have also been recorded by IPC to increase over the past two weeks.

Prices of Brazilian black pepper and Chinese white pepper recorded an increase. Meanwhile, prices of Cambodian black pepper remained stable and unchanged.

According to KTĐT.v

Pepper Market September 16, 2024

 

Pepper Market September 16, 2024: Prices slightly decreased in some areas

Posted onSeptember 16, 2024by VPA

September 16

Pepper price today, September 16, is around 153,500-155,000 VND/kg. This week's market will be affected by the FED's interest rate cut in the policy meeting taking place in the next few days.

Commenting on the market this week, experts said it will be affected by the FED cutting interest rates by 0.25 or 0.5 percentage points in the policy meeting taking place in the next few days.

The news of interest rate cuts has weakened the USD for a long time, helping commodity markets to flourish, including pepper. On a global scale, the International Pepper Community also noted that last week no country reported a decrease in pepper prices.

Along with that, increased purchasing power from the markets, and concerns about supply are still two constant reasons expected to continue to boost pepper prices this week. Experts predict that if the upward momentum continues as it has since the beginning of the month, the domestic market this week could reach 160,000 VND/kg.

By the end of August, Vietnam exported 183,756 tons of pepper of all kinds, of which black pepper reached 162,721 tons and white pepper reached 21,035 tons. Total pepper export turnover reached 881.2 million USD (of which black pepper reached 754.1 million USD and white pepper reached 127.1 million USD). The amount of pepper exported has exceeded last year's output. Meanwhile, there are still 4 months left until the harvest. This raises concerns about supply in the last months of the year from Vietnam.

According to KTĐT.vn

Pepper Market September 10, 2024

 

Pepper Market September 10, 2024: Price increased slightly compared to yesterday

Posted onSeptember 10, 2024by VPA

September 10

Pepper prices today, September 10, ranged from 154,000 to 155,000 VND/kg. IPC adjusted pepper prices in Indonesia in opposite directions while keeping them stable in other countries at the beginning of the week. Vietnam's domestic and export pepper prices both increased in the first week of September 2024.

At the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Lampung black pepper (Indonesia) at 7,542 USD/ton, down 0.48%; the price of Brazilian black pepper ASTA 570 at 7,500 USD/ton; the price of Kuching black pepper (Malaysia) ASTA at 8,800 USD/ton.

Muntok white pepper price is 9,097 USD/ton, up 1.91%; Malaysian ASTA white pepper price is at 10,900 USD/ton.

Vietnam black pepper prices are trading at 6,600 USD/ton for 500 g/l; 7,000 USD/ton for 550 g/l; and 9,300 USD/ton for white pepper. IPC adjusted pepper prices in Indonesia in opposite directions while keeping them stable in other countries at the beginning of the week.

The International Pepper Community commented that the market in the first week of September continued to show mixed reactions.

Specifically, in the South Asian region, domestic and export pepper prices in India have been stable since last week. Meanwhile, domestic pepper prices in Sri Lanka have increased over the past week.

In Southeast Asia, after two weeks of increases, domestic and international pepper prices in Indonesia stabilized last week, amid more inventory in the market after some major producing regions completed their harvest.

Malaysian domestic pepper prices continued to decline over the past two weeks. After remaining stable for four consecutive weeks, the country’s export prices recorded an increase last week.

Brazilian black pepper prices continued to increase over the past three weeks. Meanwhile, Cambodian black pepper and Chinese white pepper prices remained stable and unchanged. Meanwhile, domestic and export pepper prices in Vietnam both increased in the first week of September 2024.

Previously, the Vietnam Pepper and Spice Association said that the average export price of black pepper in the past 8 months reached 4,712 USD/ton, white pepper reached 6,326 USD/ton, up 1,270 USD for black pepper and 1,371 USD for white pepper compared to the same period last year. By the end of August, Vietnam had exported 183,756 tons of pepper of all kinds, far exceeding the output of this year's harvest.

According to KTĐT.vn

Pepper market update 9th Sept 2024 – Week 36

 

 

-      Last week, the price of pepper increasing from 156,000 VND to 159,000 VND, corresponding to a 1.92% increase.

-      The demand is very good in various markets such as the EU, Middle East, and Asian countries, while demand from China has quieted down again compared to last week after the sharp increase in pepper prices in week 35.

-      However, at the end of the week on Saturday and Sunday, demand from China surged again, making the market more active.

 -      Shipping rates to the U.S. have been significantly reduced by about $2,000 per 40-foot container in the past week. Other routes such as the EU, Asia, and Africa have maintained stable shipping rates with little change.

 -      The VND continued to strengthen by about 1%, which has led to an increase in the price of pepper when converted to USD. It is forecasted that the VND will continue to appreciate as the USD may weaken due to the Fed lowering interest rates.

 

 

Please see the REPORT FILE & FULL QUOTATION LIST by click to download.

https://ptexim.com.vn/reports/report-of-the-pepper-market-and-other-spices-in-august-2024/

 

 

 

 

Pepper Market September 8, 2024: A Week of Unpredictable Fluctuations in Pepper Prices

Posted onSeptember 8, 2024by VPA

08
Sep

Overall, pepper prices have increased by about 2,000 - 4,000 VND/kg over the past week. At the end of the first 8 months of the year, Vietnam's pepper exports to major markets such as the US, EU, India, UAE... all increased sharply compared to the same period last year.

In the domestic market

Pepper prices  on the weekend fluctuated at 152,000 - 153,000 VND/kg.

However, in general, pepper prices have increased by about 2,000 - 4,000 VND in the past week and have increased by 9,000 - 11,000 VND since the end of August.

Of which, Ba Ria - Vung Tau and Dong Nai are the two localities with the strongest price increase last week, both increasing by 4,000 VND, to 153,000 VND/kg.

Pepper prices in Dak Lak and Dak Nong provinces are also being purchased at 153,000 VND/kg, an increase of 3,000 VND over the past week.

In Gia Lai and Binh Phuoc provinces, the price increased by VND2,000/kg and was traded at VND152,000/kg.

Province/district (survey area)	Purchase price on September 8 (Unit: VND/kg)	Change from previous day (Unit: VND/kg)	Change compared to the beginning of the week (Unit: VND/kg)
Dak Lak	153,000	-1,000	+3,000
Gia Lai	152,000	-1,000	+2,000
Dak Nong	153,000	-1,000	+3,000
Ba Ria – Vung Tau	153,000	-1,000	+4,000
Binh Phuoc	152,000	-1,000	+2,000
Dong Nai	153,000	-1,000	+4,000

 Source: Hoang Hiep compiled from giatieu.com.

On the world market world

According to data from the International Pepper Community (IPC), black pepper trading prices in major producing countries did not fluctuate much in the most recent trading session.

Overall, over the past week, the price of Brazilian black pepper ASTA 570 recorded an increase of up to 16.3%, at 7,500 USD/ton.

 Vietnam's 500 g/l and 550 g/l black pepper  exports  are being traded in the range of 6,600 - 7,000 USD/ton, up 7.7 - 8.2% compared to the beginning of the week.

Similarly, black pepper export prices from Indonesia and Malaysia also increased by 0.7% and 3.5% last week.

Type name	World black pepper price list
	September 8 (Unit: USD/ton)	% change from previous day	% change from the beginning of the week
Lampung Black Pepper (Indonesia)	7,578	0	0.7
Brazilian Black Pepper ASTA 570	7,500	0	16.3
Kuching Black Pepper (Malaysia) ASTA	8,800	0	3.5
Vietnamese black pepper (500 g/l)	6,600	0	8.2
Vietnamese black pepper (500 g/l)	7,000	0	7.7

At the same time of survey, white pepper prices of Indonesia, Malaysia and Vietnam increased by 4.2%, 4.8% and 5.7% respectively last week.

Type name	World white pepper price list (Unit: USD/ton)
	September 8	% change from previous day	% change from the beginning of the week
Muntok White Pepper (Indonesia)	8,855	0	4.2
ASTA Malaysian White Pepper	10,900	0	4.8
Vietnam white pepper	9,300	0	5.7

According to the Vietnam Pepper and Spice Association, in the first 8 months of the year, Vietnam exported 183,756 tons of pepper of all kinds, with a turnover of 881.2 million USD, down 2.1% in volume but up 43% in turnover compared to the same period last year.

Of which, black pepper reached 162,721 tons, turnover of 754.1 million USD; white pepper reached 21,035 tons, turnover of 127.1 million USD.

The average export price of black pepper in the first 8 months of the year reached 4,712 USD/ton, white pepper reached 6,326 USD/ton, an increase of 1,270 USD for black pepper and 1,371 USD for white pepper respectively compared to the same period last year.

Of which, the export volume to the US in 8 months reached 51,823 tons, an increase of 54.3% over the same period last year and nearly equal to the total export volume of the whole year 2023 (54,271 tons), accounting for 28.2% of the market share.

Next are the markets: Germany: 12,021 tons, up 96.3%; UAE: 11,744 tons, up 29.6%; India: 9,086 tons, up 10.2%; China: 8,388 tons, down 84.4%; Netherlands: 7,503 tons, up 35.9%...

According to VietnamBiz.vn

Pepper Market September 7, 2024

 

Pepper Market September 7, 2024: Price slightly decreased again

Posted onSeptember 7, 2024by VPA

07
Sep

Pepper price today, September 7, is around 152,000 - 153,000 VND/kg, down slightly by 1,000 VND compared to yesterday.

At the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Lampung black pepper (Indonesia) at 7,578 USD/ton, up 0.24%; the price of Brazilian black pepper ASTA 570 at 7,500 USD/ton; the price of Kuching black pepper (Malaysia) ASTA at 8,800 USD/ton, up 3.41%.

Muntok white pepper price is 8,923 USD/ton, up 0.25%; Malaysian ASTA white pepper price is at 10,900 USD/ton, up 4.59%.

Vietnam black pepper price is traded at 6,600 USD/ton for 500 g/l; 550 g/l at 7,000 USD/ton; white pepper price is at 9,300 USD/ton. IPC increased pepper prices in Southeast Asian countries compared to yesterday.

According to preliminary statistics of the Vietnam Pepper and Spice Association, in August 2024, Vietnam exported 19,399 tons of pepper of all kinds, of which black pepper reached 17,391 tons and white pepper reached 2,008 tons.

Total export turnover reached 117 million USD, black pepper reached 102.0 million USD, white pepper reached 15.0 million USD. Compared to the previous month, export volume decreased by 10.9%, turnover decreased by 9.9% and compared to August 2023, export volume decreased by 1.1% but turnover increased by 59.4%.

The average export price of black pepper in August reached 5,891 USD/ton, white pepper reached 7,462 USD/ton, an increase of 30 USD for black pepper but a decrease of 96 USD for white pepper compared to the previous month.

In August, pepper exports to the US broke an all-time high, with exports reaching 8,474 tons, up 43.3% compared to July and accounting for 43.7% of the export market share. Next are the markets: Germany: 1,080 tons, down 23.7%; UAE: 847 tons, down 66.2%. Exports to China reached only 329 tons, down 45.7% compared to the previous month.

Phuc Sinh was the leading pepper exporting enterprise in August, reaching 2,742 tons, up 12.3% compared to the previous month and accounting for 14.1% of the export market share. Following are the enterprises: Olam Vietnam: 2,218 tons, down 17.5%; Haprosimex JSC: 1,967 tons, up 10.1%; Nedspice Vietnam: 1,718 tons, down 8.9% and Lien Thanh: 1,580 tons, up 35.9%.

In the opposite direction, Vietnam imported 1,491 tons, of which black pepper reached 1,214 tons and white pepper reached 277 tons, with a total import turnover of 8.2 million USD, compared to the previous month, the import volume decreased by 19.6%.

Brazil was the largest pepper supplier to Vietnam with 736 tons, up 808.6% over the previous month, followed by Indonesia and Cambodia. Tran Chau was the largest importer with 669 tons, up 435.2% over July.

According to KTĐT.vn