However, in terms of value, this year’s turnover only decreased by 16% compared to last year because export prices are expected to remain high.
The Ministry of Agriculture and Rural Development forecasts that the country’s pepper exports in 2012 will reach nearly 86,000 tons, earning nearly $619 million, down 30% in volume but only 16% in price compared to 2011.
In 2011, the pepper market experienced strong price increases in both domestic and export markets due to high world consumption demand while supply was scarce in the last months of the year.
Purchase price of domestic pepper increased sharply in the first 3 quarters of the year. Black pepper price hit a record level in the period of September 20-25 when reaching 161,000 VND/kg, up 116% over the same period in 2010. Purchasing price of white pepper reached 197,500 VND/kg, up 99% compared to the same period last year. period last year.
Currently, the purchasing price of domestic black pepper is 128,000 – 130,000 VND/kg, the purchasing price of white pepper is 180,000 – 185,000 VND/kg.
Export pepper prices in the past year also increased sharply, supported by factors such as reduced world supply due to crop failure in Indonesia; Indian importers actively buy to collect goods; The unstable foreign exchange market, as well as the increase in the price of other commodities, caused the price of pepper to rise.
The export price of standard 550 gr/liter black pepper on December 23 reached $6,650 per ton, 550 gr/l black pepper reached $6,950 per ton, up 55-60% over the same period last year while the export price of white pepper Export is currently at $9,650/ton, up nearly 45% over the same period in 2010.
Follow Ministry of Agriculture and Rural Development
Source link
