Overall, over the past week, domestic pepper prices have decreased from 500 – 2,000 VND. In India, a sharp increase in imported pepper is putting downward pressure on domestic prices.
Thus, after three consecutive weeks of decline, pepper prices are currently trading at 146,500 – 147,500 VND/kg. The main reason is due to weak demand in main consumer markets, while global supply is supplemented from the ongoing harvest in Brazil and Indonesia.
|
Province/district (survey area) |
Purchase price 6/10 (Unit: VND/kg) |
Change compared to the previous day (Unit: VND/kg) |
Change compared to the beginning of the week (Unit: VND/kg) |
| Dak Lak |
147,500 |
+500 |
-500 |
| Gia Lai |
146,500 |
+500 |
-1,500 |
| Dak Nong |
147,500 |
+500 |
0 |
| Ba Ria – Vung Tau |
147,000 |
– |
-1,000 |
| Binh Phuoc |
147,000 |
– |
-2,000 |
| Dong Nai |
147,000 |
– |
-1,000 |
Source: Hoang Hiep compiled from giatieu.com
On the world market
According to updates from the International Pepper Association (IPC), last week, Indonesia’s Lampung black pepper price decreased by 2.3% (160 USD/ton), to 6,782 USD/ton.
In contrast, the price of Brazilian black pepper ASTA 570 increased by 1.5%, to 6,850 USD/ton. Similarly, Kuching Malaysia black pepper price increased by 1.1%, to 8,900 USD/ton.
Particularly in Vietnam, the price of black pepper 500 g/l and 550 g/l remained unchanged at 6,800 – 7,100 USD/ton.
|
Type name |
World black pepper price list |
|
|
October 5 (Unit: USD/ton) |
% change compared to the beginning of the week |
|
| Lampung black pepper (Indonesia) |
6,782 |
-2,3 |
| Brazilian black pepper ASTA 570 |
6,850 |
1.5 |
| Kuching black pepper (Malaysia) ASTA |
8,900 |
1.1 |
| Vietnamese black pepper (500 g/l) |
6,800 |
0.0 |
| Vietnamese black pepper (500 g/l) |
7,100 |
0.0 |
At the same time of the survey, the price of Muntok Indonesian white pepper decreased by 3.8% last week, to 9,068 USD/ton.
In Vietnam and Malaysia, white pepper prices remained stable at 10,150 USD/ton and 11,400 USD/ton.
|
Type name |
World white pepper price list |
|
|
October 5 (Unit: USD/ton) |
% change compared to the beginning of the week |
|
| Muntok Indonesian white pepper |
9,068 |
-3.8 |
| ASTA Malaysian white pepper |
11,200 |
0.0 |
| Vietnamese white pepper |
10,150 |
0.0 |
Update pepper information
In India, weak demand combined with import The increase has caused black pepper prices to decrease by Rs 17/kg in the past two weeks.
Traders in the wholesale market said that the amount of imported pepper amounting to 4,422 tons from many countries has affected domestic prices. Sri Lanka is the leading country export spending on India, followed by Brazil, Vietnam and Indonesia.
They believe that these imported goods have created a surplus in the domestic market, causing the consumer industry to limit purchases because of expectations that prices will continue to decline. Some buyers from the industry are said to have purchased October and November deliveries at discounted prices (excluding storage costs).
Mr. Kishore Shamji – Chairman of the Indian Pepper and Spice Trade Association (IPSTA), said that pepper prices in the domestic market are currently at 646 Rupees/kg for unclassified pepper and 666 Rupees/kg for unclassified pepper. classified goods. In contrast, the price of 500 GL pepper stood at 636 Rupees/kg.
The domestic market is also witnessing tepid demand even though the festive season in North Indian markets has begun. According to Mr. Shamji, the main reason is the availability of cheap imported goods, which are 25 Rupees/kg lower than domestically produced pepper.
Declining demand for black pepper from China has also affected exports from Vietnam, which usually exports about 60,000 tons per year. With declining trading activity from China, this situation has created conditions for Vietnamese pepper to find its way into the Indian domestic market, he said.
However, political conflict in West Asia has also slowed purchases from the US and Europe, leading to traders holding on to inventory, he said.
According to Mr. Shamji, the Indian Pepper and Spice Trade Association sent a petition to Ms. Aparajita Sarangi, Member of Parliament from Bhubaneswar constituency, highlighting the impact of imported pepper on the domestic market. The association also called on the Directorate General of Foreign Trade (DGFT) to review the import policy for the benefit of the Indian farming community. They pointed out that imported pepper flooding into the domestic market is causing serious damage to farmers, according to Thehindubusinessline.
According to VietnamBiz.vn
