Pepper Market October 27, 2024

 

Pepper Market October 27, 2024: Market increased by 1,000 - 1,500 VND last week

Posted onOctober 27, 2024by VPA

October 27

Pepper price today, October 27, fluctuated at 145,000 - 146,000 VND/kg, overall over the past week the domestic market still increased by 1,000 - 1,500 VND.

In the world market

Updated from the International Pepper Community (IPC), in the most recent trading session, the price of Indonesian Lampung black pepper was listed at 6,724 USD/ton, down a total of 1.03% over the past week.

Similarly, Kuching Malaysia black pepper prices decreased by 2.3% to USD 8,500/ton.

Meanwhile, Brazilian black pepper ASTA 570 remained flat last week at $6,400/ton.

Vietnam's 500 g/l and 550 g/l black pepper  for export   is offered at USD 6,500 - 6,800/ton.

Update pepper information

By the end of the third quarter, pepper exports from Vietnam and Brazil – the world’s two leading producing countries – recorded a decrease of 2.8% and 15.3% respectively compared to the same period last year, down to 200,268 tons and 49,366 tons.

In addition to the reduction in output due to unfavorable weather, pepper exports from Vietnam and Brazil are also affected by mixed fluctuations in demand from major consumer markets.

For example, in Vietnam, in the first 9 months of this year, Vietnam's pepper exports to most markets recorded a sharp increase, but China - the largest consumer market last year - decreased sharply by 84.1%, reaching only 8,905 tons.

So far, Chinese demand has been weak, with the country buying only a limited amount of pepper. Some traders say the slowing growth of the Chinese economy could be the reason for this.

However, the high pepper prices since late last year have helped Vietnam and Brazil achieve their best export turnover in many years, while also encouraging farmers to invest in maintaining and expanding their pepper farms.

On average, in the first 9 months of the year, Brazil's pepper export price reached 4,182 USD/ton, up 36.7% over the same period. The average pepper export price increased 49.2% over the same period, to 4,942 USD/ton.

In addition, the decline in export output from Vietnam and Brazil is being offset by strong increases in some other countries, especially Indonesia and India. The aggregated data shows that, by the end of August, Indonesia's pepper export volume increased by 58.6% while India's increased by 36.8%.

According to VietnamBiz.vn

 

Pepper Market on October 24, 2024

 

Pepper Market on October 24, 2024: Price increased to 147,000 VND/kg

Posted onOctober 24, 2024by VPA

October 24

New market,  pepper price today (October 24) fluctuates between 146,000 - 147,000 VND/kg. In contrast to the domestic market in Vietnam, pepper prices in Indonesia and India have turned to decrease.

 

In the world market

Updated from the International Pepper Community (IPC), in the most recent trading session, the price of Indonesian Lampung black pepper was listed at 6,727 USD/ton, continuing to decrease by 26 USD/ton compared to the previous trading session.

Meanwhile, pepper prices in other countries remained stable. Brazilian black pepper ASTA 570 was traded at $6,400/ton, while Malaysian Kuching black pepper was priced at $8,700/ton.

 Vietnam's 500 g/l and 550 g/l black pepper  exports  are priced at around 6,500 - 6,800 USD/ton.

Update pepper information

In India, pepper farmers are hoping for a quick recovery in prices after falling by around Rs 19 per kg in the last fortnight. Last week alone, domestic pepper prices in India fell by Rs 11 per kg, bringing the total fall in the last five weeks to around Rs 34 per kg.

The farmers attributed the fall in prices to large  imports   from Sri Lanka under the South Asian Free Trade Agreement (SAFTA) with a duty of 8%. Currently, the price of ungraded pepper in the Kochi wholesale market is Rs 627 per kg, while graded pepper is Rs 647 per kg.

Kishore Shamji, a Kochi-based pepper trader and director of the Indian Pepper and Spices Trade Association (IPSTA), said that almost all the markets were flooded with Sri Lankan pepper. This situation has put additional pressure on domestically grown pepper, leading to a fall in prices and forcing farmers in the southern pepper-growing states to sell off their stocks.

Even farmer unions that had earlier predicted a recovery in prices are trying to liquidate their stocks, said Kishore Shamji.

Citing figures, Mr. Kishore Shamji said the total pepper imported from Sri Lanka in the third quarter accounted for 10,433 tonnes out of the total 12,606 tonnes imported into India.

Mr Shamji said Sri Lanka's pepper production has crossed 25,000 tonnes and they are aiming to sell the surplus to India, where there is huge domestic demand.

However, he said imported pepper has lower bulk density, higher moisture content and the presence of mold, contributing to the decline in domestic pepper prices.

The Kerala chapter of the Indian Pepper and Spices Manufacturers Association has urged the government to curb imports, as this is severely affecting the interests of domestic farmers.

The association also alleged that loopholes in import policies are allowing imported pepper, meant for re-export, to enter the domestic market.

Mr. Shamji also added that the Directorate General of Foreign Trade (DGFT) allowing the retention of imported pepper for six months before re-export is a major shortcoming in the import -export  policy  for a sensitive commodity like pepper, according to  Thehindubusinessline .

According to VietnamBiz.vn

Vietnam Pepper - Ba Ria - Vung Tau: Risk of pepper crop failure

 

Ba Ria - Vung Tau: Risk of pepper crop failure

Posted onOctober 25, 2024by VPA

October 25

Currently, pepper gardens in Ba Ria - Vung Tau are in the fruit growing stage to prepare for the harvest around mid-January 2025.

However, due to the impact of unfavorable weather, pepper flowers fell off, resulting in low fruit set rates and a high risk of crop failure. Many farmers are worried because pepper prices are currently high, around 150,000 VND/kg, so profits will decrease sharply.

At this time, pepper gardens are in the fruit-bearing period. Looking at the percentage of pepper trees bearing fruit, it can be seen that this year's pepper crop yield will decrease sharply. In Xuyen Moc district, many pepper gardens have lush, green leaves, but the fruit-bearing rate is very sparse. Mr. Tran Van Phap in Hamlet 1, Hoa Hung Commune, Xuyen Moc District, has a pepper garden of 1.1 hectares, sharing that if last year his family's pepper garden yielded more than 5 tons, this year the fruit-bearing rate is only about 50% of last year's yield.

According to Mr. Phap, when people were preparing the trees to flower, the weather was harsh and prolonged, and drought caused the trees to stop sprouting and not flower. The trees that did flower fell off in large numbers, causing the fruit set rate on the trees to be very low.

The 3-hectare pepper garden of Mr. Hoang Van Quan's family in Hoa Hiep commune is in a similar situation. Despite being invested in quite systematically and grown organically, the family's pepper yield this season has still decreased sharply due to the adverse effects of the weather. The expected yield is only about 6 tons of fruit, equal to 50% of last year's output.

Meanwhile,  pepper prices are high , so the crop failure is a big regret for farmers. After many years of falling pepper prices, pepper gardens have been neglected and not invested in. Now, when pepper prices are high, growers are focusing on taking care of them, but they are facing unfavorable weather and crop failure - Mr. Quan regretfully shared.

In Chau Duc district, the province’s largest pepper growing area, many farmers are facing a similar situation. Mr. Ho Van Thu’s nearly 2-hectare pepper garden, residing in Binh Gia commune, Chau Duc district, also saw a decrease in productivity due to the weather. It is estimated that this pepper crop from Mr. Thu’s garden will yield only 2.5 tons instead of 5 tons like the previous crop.

Mr. Thu said that  pepper  is a sensitive plant, as unpredictable as the weather, and crop failures often occur. This year's yield is expected to decrease by more than 50%. Mr. Thu said the reason is due to the erratic changes in the weather. This year the rainy season came late, the weather is dry, hot, and the humidity is low, which is not favorable for pepper to bloom.

According to statistics from the Department of Agriculture and Rural Development, the pepper growing area of ​​the province is currently about 10,500 hectares. Although pepper prices have started to increase again since the 2023 crop year, farmers have focused on investing in and caring for pepper plants, but due to the impact of the weather, it is forecasted that this year's pepper crop will have a sharp decrease in output compared to last year.

Currently, pepper growers in the area are focusing on taking care of their plants to prepare for the new harvest. Given the current fluctuations in the pepper market, the local agricultural sector recommends that people focus on taking care of healthy and suitable pepper gardens to stabilize production. Areas of infected and dead pepper plants should not be replanted, but should be switched to other suitable crops.

At the same time, growers need to grasp the market in time to have appropriate investment levels. At the same time, continue to care for and prevent pests and diseases to ensure sustainable development of pepper plants in the following crops. At the same time, people focus on participating in chains linked with businesses to produce clean, high-quality products that can be exported to demanding markets, increasing the value of Ba Ria - Vung Tau pepper.

Pepper Market October 22, 2024

 

Pepper Market October 22, 2024: Prices remain stable

Posted onOctober 22, 2024by VPA

October 22

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

 

Vietnam Pepper and Spices Association attends Sial Paris 2024 International Food Exhibition

Posted onOctober 18, 2024by VPA

October 18

From October 19 to 23, 2024, the Vietnam Pepper and Spice Association will participate in the Sial Paris 2024 International Food Fair - one of the leading events of the food industry worldwide. This is a great opportunity to promote Vietnam's diverse pepper and spice products and agricultural products to buyers and industry experts from all over the world.

The Association's general booth has 8 participating enterprises displaying high-quality Vietnamese products including:

– Tran Chau Group Joint Stock Company

– Phuc Thinh Import Export Investment Joint Stock Company

– Dong Duong Dragon Import Export Company Limited

– Jayanti Company Limited

– Nguyen Hau Joint Stock Company

– Dung Nhi Thanh Joint Stock Company

– Minh Phong Import Export Joint Stock Company

– Sapo Dak Lak Joint Stock Company.

The main products on display include: Pepper, Cinnamon, Star Anise, along with a number of other spices. In addition, the delegation also introduced a number of other agricultural products such as rice, fruits, shrimp crackers, demonstrating the richness and diversity of Vietnam's agricultural sector.

We would like to invite our customers and partners to visit the Association's booth at Hall 4 - J183 to discover the unique flavors and high quality products that Vietnam has to offer.

VPSA

 

Signs of instability hidden behind market stability

Industry and Trade Newspaper

17/10/2024

The domestic pepper market is experiencing complicated developments, with trading prices increasing slightly on October 16, 10, but still containing many unstable factors. It is forecasted that prices tomorrow, October 2024, 17, will likely continue to maintain a stable price, but it is still necessary to closely monitor the latest market developments.

Pepper prices today (October 16, 10) in key regions recorded a slight increase compared to yesterday. Specifically, pepper prices Dak Lak purchased at 144.000 VND/kg, Chu Se pepper price (Gia Lai) purchased at 143.500 VND/kg, an increase of 500 VND/kg compared to yesterday. Pepper price Dak Nong Today's price is recorded at 144.000 VND/kg, unchanged from yesterday.

In the Southeast region, pepper prices today (October 16, 10) also recorded fluctuations compared to yesterday. Specifically, in Ba Ria - Vung Tau, it is currently at 2024 VND/kg, an increase of 144.000 VND/kg. At Binh Phuoc Pepper price today is at 144.000 VND/kg, up 500 VND/kg.

However, pepper prices world Today, there are signs of a slight decrease. Update on world pepper prices from the International Pepper Community (IPC), at the end of the most recent trading session, IPC listed the price of Indonesian Lampung black pepper at 6.744 USD/ton, and the price of Muntok white pepper at 9.233 USD/ton.

The price of Brazilian ASTA 570 black pepper was at USD 6.750/ton. The price of Malaysian ASTA black pepper remained stable at USD 8.700/ton; the price of this country's ASTA white pepper reached USD 11.200/ton.

Today, the price of Vietnamese black pepper lost up to 300 USD/ton, trading at 6.500 USD/ton for 500 g/l; 550 g/l at 6.800 USD/ton; white pepper price at 9.850 USD/ton.

Pepper price forecast October 17, 10: Signs of instability hidden behind market stability.

The gap between domestic pepper prices and world pepper prices has been creating certain pressures on the Vietnamese pepper market. Although Vietnam's pepper exports remained positive in the first 9 months of 2024, with a total export turnover of 991 million USD, the decrease in pepper prices in the world market may affect domestic pepper prices in the coming time.

In addition, pepper output in 2024 is expected to be lower than last year, as many farmers cut down pepper trees to plant more profitable crops such as durian and coffee. Pepper output in 2024 is estimated to reach only about 170.000 tons, down 10% compared to last year. This is also the lowest level in the past 5 years.

It is expected that Vietnam's 2025 pepper harvest will be almost entirely in February 2, with some regions extending to March and April, 2025-3 months later than previous years due to the impact of prolonged drought. This will increasingly limit Vietnam's pepper supply, putting further pressure on domestic pepper prices.

In addition, climate change is also a factor that directly affects pepper production. El Nino and La Nina have been negatively affecting farmers' cultivation and maintenance of pepper gardens, reducing pepper yield and quality.

Based on the above analysis, it is forecasted that pepper prices tomorrow, October 17, 10, will likely continue to maintain a stable price, fluctuating between 2024 - 143.000 VND/kg. However, the pepper market still contains many unstable factors.

Investors and farmers need to closely monitor the latest market developments, including: world pepper prices, domestic pepper output, consumption demand and the impacts of climate change. In addition, investors also need to pay attention to policy information related to the pepper industry, because this is also an important factor affecting prices.

*Information for reference only.

Sources: https://congthuong.vn/du-bao-gia-tieu-ngay-17102024-dau-hieu-bat-on-an-sau-su-on-dinh-cua-thi-truong-352907.html

 

 

Pepper Market October 16, 2024

 

Pepper Market October 16, 2024: Price increased slightly

Posted onOctober 16, 2024by VPA

October 16

Pepper prices today (October 16) fluctuated at 144,500 - 145,000 VND/kg, a slight increase of 500 VND/kg in the Southeast and Gia Lai regions. Pepper demand from the US market increased, Vietnam continued to be the leading supplier.

In the world market

According to an update from the International Pepper Association (IPC), at the end of the most recent trading session, the price of Indonesian Lampung black pepper was still listed at 6,744 USD/ton.

Elsewhere, Kuching Malaysia black pepper prices remained at $8,700/ton, while Brazilian ASTA 570 black pepper reached $6,750/ton. Vietnam’s  export  prices of 500g/l and 550g/l black pepper  fluctuated at $6,500 – $6,800/ton.

Update pepper information

According to data from the United States International Trade Commission (USITC), pepper  imports   into the United States in August reached 7,372 tons, down 28% from the previous month but up 25% from the same period last year. Thus, pepper imports into the United States have grown for 8 consecutive months compared to the same period last year.

Therefore, total pepper imports into the US in the first 8 months of the year reached 63,294 tons, worth 306.9 million USD, up 37% in volume and 44.8% in value over the same period last year.

Regarding the supply market, Vietnam continued to be the largest pepper supplier to the US in the first 8 months of the year, accounting for 78% of the market's import capacity with a volume of 49,277 tons, worth more than 235.2 million USD, up 35.4% in volume and 46.8% in value over the same period last year. With this result, the US is also the largest customer of the Vietnamese pepper industry.

Meanwhile, the US also increased pepper imports from other suppliers such as: India reached 4,916 tons, up 24.4% and accounted for 7.8% of the market share; Indonesia reached 4,698 tons, up 111.7% and accounted for 7.4%; Brazil reached 2,385 tons, up 63.9% and accounted for 3.8%...

In the first 8 months of this year, the average imported pepper price into the US reached 4,849 USD/ton, up 5.7% over the same period last year.

Of which, the imported pepper price from Vietnam increased by 8.4% to an average of 4,774 USD/ton; from India increased by 3.4%, reaching 5,043 USD/ton; while the import price from Indonesia and Brazil decreased by 17% and 6%, to 5,117 USD/ton and 4,175 USD/ton.

According to VietnamBiz.vn