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

 

 

Pepper market on May 2, 2024: Price nearly reached 100,000 VND/kg

Posted onMay 2, 2024by VPA

02
May

Pepper prices today, May 2, 2024, are still trading around 98,500 - 99,500 VND/kg.

World pepper price  today May 2

In the world, the pepper market on May 2 had no new fluctuations in all countries.

Accordingly, the price of Lampung black pepper in Indonesia is anchored at 4,703 USD/ton. The price of Muntok white pepper in this country remains at 6,232 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 4,200 and 4,300 USD/ton, respectively. The export price of white pepper is anchored at 6,000 USD/ton.

Pepper type	Price	Change
Lampung black pepper (Indonesia)	4,703	–
Brazilian black pepper ASTA 570	4,700	–
Kuching black pepper (Malaysia) ASTA	4,900	–
Muntok white pepper	6,232	–
ASTA Malaysian white pepper	7,300	–
Black pepper type 500 g/l Vietnam	4,200	–
Black pepper type 550 g/l Vietnam	4,300	–
Vietnamese white pepper	6,000	–

Latest world pepper price list on May 2, 2024. Unit USD/ton

Thus, world pepper prices on May 2, 2024 remained unchanged compared to yesterday.

Pepper price today is  2/5 in the country

Domestically, the pepper market on May 2 remained stable compared to yesterday.

Specifically, Dak Lak increased 500 VND, purchasing pepper to 99,500 VND/kg;

In Dak Nong, pepper price today remained unchanged at 98,500 VND/kg.

Gia Lai pepper price today continues to be anchored at 98,500 VND/kg;

Dong Nai traders still buy at the price of 98,500 VND/kg;

The latest pepper price in Ba Ria - Vung Tau increased slightly to 99,000 VND/kg;

Binh Phuoc traders are still trading pepper at 99,500 VND/kg.

Province	Price	Up and down
Dak Lak	99,500	–
Dak Nong	98,500	–
Gia Lai	98,500	–
Dong Nai	98,500	–
BA Ria Vung Tau	99,000	–
Binh Phuoc	99,500	–

Latest domestic pepper price list dated May 2, 2024. Unit: VND/kg

Domestic pepper prices   today  have no new fluctuations with the highest threshold reaching 98,500 VND/kg. Summarizing April 2024, pepper exports continued to increase and were at the highest level in the past 11 months.

Thereby, bringing this agricultural product to 27,000 tons, with a turnover of more than 117 million USD, an increase of 4.2% in volume and an increase of 5.1% in turnover compared to the previous month; increase 2.2% in volume and 40.4% in turnover compared to the same period in 2023.

Accumulated in the first 4 months of 2024, pepper exports reached 83,783 tons, with a turnover of more than 353 million USD, down 18.3% in volume, but up 11.5% in turnover compared to the same period in 2023.

Since then, the average export price of pepper in April 2024 increased for the 4th consecutive month, reaching 4,342 USD/ton, up 0.8% over the previous month and up 37.4% over the same period in 2023. Calculated In the first 4 months of 2024, the average export price of pepper reached 4,214 USD/ton, an increase of 36.4% over the same period in 2023.

This time last year, a sudden increase in demand from the Chinese market after Covid-19 helped the amount of pepper exports increase sharply. But by the end of 2023, low prices caused the billion-dollar export target to be missed. This year, although only 1/3 of the time of 2024 has passed, the turnover has reached over 350 million USD.

It is forecasted that in the coming time, pepper prices will continue to increase, which will help this agricultural industry reach the 1 billion USD export mark this year. Although China has sharply reduced purchases, thanks to low supply and diverse export markets, Vietnamese pepper is more likely to achieve the set target.

Thus, the domestic pepper price on May 2, 2024 is trading around 98,500 - 99,500 VND/kg.

According to Nongnghiep.vn

 

The Pepper market on April 28, 2024 recorded a decrease in key provinces over the past week

Posted onApril 28, 2024by VPA

28
Apr

Pepper prices today  fluctuate between 96,000 - 97,000 VND/kg. Compared to the beginning of the week, key provinces decreased by 500 - 1,500 VND/kg.

Update domestic pepper prices

Pepper prices  decreased in key provinces last week. Accordingly, pepper transaction prices decreased by about 500 - 1,500 VND/kg in the surveyed provinces.

In detail, the current highest pepper price is 97,000 VND/kg, recorded in Binh Phuoc province after a decrease of 1,000 VND/kg.

Gia Lai, Dak Lak and Ba Ria - Vung Tau provinces decreased by 500 - 1,500 VND/kg to the general level of 96,500 VND/kg, on par with Dong Nai province.

Traders in Dak Nong are buying pepper at the lowest price of 96,000 VND/kg, down 1,000 VND/kg compared to the beginning of the week.

Update pepper information

According to preliminary statistics of VPSA, Vietnam's pepper imports in the first quarter reached 7,988 tons, up 2.2% over the same period in 2023. Of which, black pepper reached 7,663 tons, white pepper reached 325 tons.

Brazil and Cambodia are the two main pepper suppliers to Vietnam reaching 4,363 tons and 2,084 tons. However, over the same period, imports from Brazil decreased by 16.3%, while Cambodia increased by 66.5%.

Olam was the largest pepper importer in the first quarter with a volume of 3,138 tons, accounting for 39.3% and up 0.7% over the same period last year. Pearl accounted for 13.1% reaching 1,043 tons, down 21.7%, Lien Thanh accounted for 11.5% reaching 919 tons and increased 209.4% over the same period.

According to data from the General Department of Customs, Vietnam's pepper exports in March reached 25,917 tons, worth 111.6 million USD, up 92.7% in volume and doubling in value compared to the previous month. Compared to the same period last year, it decreased by 27.3% in volume but increased by 5% in value.

Accumulated to the end of the first quarter, pepper exports reached 56,783 tons, worth 235.8 million USD, down 25.4% in volume, but up 1.1% in value over the same period last year thanks to high prices. .

In March, the average export price of Vietnam's pepper reached 4,305 USD/ton, an increase of 6.3% over the previous month and a sharp increase of 44.5% over the same period last year. In the first quarter, the average export price of pepper reached 4,153 USD/ton, up 35.5% over the same period.

According to VietnamBiz.vn

 

Pepper market on April 27, 2024: Increased by 1,000 VND compared to yesterday

Posted onApril 27, 2024by VPA

27
Apr

Pepper price today April 27 is in the range of 96,000 - 97,000 VND/kg. After 2 consecutive days of decline, pepper prices increased slightly before the holiday April 30 - May 1. Despite the abundant supply among the people, the domestic market did not decrease. This week's pepper market only saw Sri Lankan domestic prices decrease.

In Dak Lak province,  today's pepper price is purchased at 98,000 VND/kg.

In Dak Nong province, today's pepper purchase price is 97,000 VND/kg.

In Gia Lai province, today's pepper price is 97,500 VND/kg.

Meanwhile in Dong Nai, today's pepper price is at 97,500 VND/kg.

In Ba Ria - Vung Tau province, pepper price today is at 98,000 VND/kg.

In Binh Phuoc province, today's pepper price is purchased at 97,000 VND/kg.

Pepper prices today increased by 1,000 VND in Dak Lak and Ba Ria - Vung Tau, remaining stable in the remaining regions compared to the same time yesterday. After 2 consecutive days of decline, pepper prices increased slightly before the holiday April 30 - May 1.

Even after the harvest had just ended, despite the abundant supply among the people, the domestic market did not decrease, on the contrary, it increased. Drought is causing concerns about supply shortages next season.

According to records from the hydro-meteorological agency, the drought and water shortage situation in the Central Highlands region is severe, many small reservoirs have run out of water, greatly affecting high-income crops such as coffee, pepper.

After harvest, pepper plants are often exhausted, coinciding with the dry season, so the possibility of fungus and disease is high, affecting productivity and output of the next crop. According to experts, post-harvest pepper care is not easy, especially in today's changing weather conditions.

In fact, many people do not pay enough attention to this stage, which affects the disease resistance and productivity of the garden. During this period, in principle, farmers need to let pepper plants dry out and have time to sleep, rest, and differentiate flower buds. However, that does not mean that farmers should neglect taking care of them. They should not expose pepper roots as this will cause the plants to lose strength and be more susceptible to fungal attacks later. People also need to use shielding materials and original cabinets.

At the end of the most recent trading session, the International Pepper Community (IPC) listed Lampung (Indonesia) black pepper price at 4,578 USD/ton, down 0.09%; Brazilian black pepper price ASTA 570 is at 4,550 USD/ton; Kuching (Malaysia) ASTA black pepper price remained at 4,900 USD/ton.

Muntok white pepper price 6,064 USD/ton; Malaysian ASTA white pepper price is still at 7,300 USD/ton.

Vietnam black pepper price is trading at 4,200 USD/ton with 500 g/l type, 550 g/l type at 4,300 USD/ton; White pepper price is at 6,000 USD/ton. IPC commented that this week's pepper market showed mixed reactions when only Sri Lankan domestic prices decreased. Both domestic and international Indian pepper prices have tended to increase since last week. Domestic and international Indonesian pepper prices were stable this week.

According to KTĐT.vn

Rising temperature, production-drop push up cardamom prices

 

 

 

Updated - April 25, 2024 at 02:08 PM.

Traders say the shooting up of prices is due to the absence of sufficient rains in the production centres during the last three months and the rising temperature to the optimum level of 34-35 degree Celsius

By V Sajeev Kumar

Cardamom prices has started moving northwards to reach ₹2000 reportedly because of lower production in the prevailing sultry weather.

Cardamom prices has started moving northwards to reach ₹2000 reportedly because of lower production in the prevailing sultry weather.

Prices in the first week of March was in the range between ₹1300-1400.

Traders attributed the reasons for the prices to shoot up to the absence of sufficient rains in the production centres during the last three months and the rising temperature to the optimum level of 34-35 degree Celsius.

This has hit the crop very badly, leading to drying up of tillers and panicles. Such damages to the plant are likely to have an impact on the crop in the next season.

Earlier, planters have their own water resources to irrigate the land. However, the drying up of water levels in their land in the extreme heat conditions also hit irrigation of plants. In all probability, the next harvest season for July-August will depend on the availability of continuous rains for at least a couple of days, traders said.

However, the rising prices seem to have not derived any benefit to majority farming community and it helped those traders who procured the commodity at the time of declining prices. Fearing a further drop in prices with the starting of summer showers, many small traders did not procure enough quantity.  

The plant damage for current year is estimated at 20 per cent which is likely to go up if the growing areas face further scarcity of summer showers in the coming days, they pointed out.

According to auctioneers, the market is witnessing a subdued demand after Ramadan and is likely to pick up in July-August. 

On the export front, the market is witnessing a subdued demand especially from the Gulf nations after Ramadan. However, the drought conditions in Guatemala have affected their crop badly, bringing the prices on par with Indian raw material. Guatemala has seen a sharp fall in crop to around 30,000 tonnes this year from 54,000 tonnes last season.