(13/3) – Today, pepper prices in Chau Duc, Ba Ria – Vung Tau province are the most competitive market for pepper in Vietnam, only 58,000 – 59,000 VND / kg. According to a local company purchasing pepper, the price of pepper in the short-term will decrease further.
Purchasing buckets of black pepper in Dong Nai
At present, the harvest of new crop in the Southeast has moved to the final stage, while the pepper harvest in the Central Highlands, the key pepper growing area of our country, is in full swing. Therefore, the new source of pepper for export businesses is quite abundant and also makes them not in a hurry to buy reserves like the previous years.
If calculated according to the fluctuating amplitude, the price of pepper last season in Chau Duc at the beginning of the harvest was 142,000 VND / kg on December 15, 2016, down to 105,000 VND / kg at the end of the harvest on April 15, 2017. , the price has decreased by 26.6%. This year's crop, the beginning price of the crop was only VND 78,000 on December 15, 2017 and many speculated that the price would not stop falling.
Today, on March 13, 2018, the price of pepper dropped to below 60,000 VND / kg and is likely to reach the threshold of 55,000 VND / kg if speculative buying and purchasing reserves of export traders do not export soon. show.
A foreign-invested Exporter (FDI) said that because it was very difficult to buy goods from Vietnamese farmers to deliver under contracts with traditional customers, last year they had to import pepper from Indonesia and Brazil to have it. goods for delivery. While a significant percentage of pepper substandard quality in the EU is forced to reduce prices for customers if they do not want to receive goods back. Therefore, according to them, Vietnam's export business of pepper at this time is to take into account the risk factors more than before.
When asked why it is difficult to buy products from farmers, many market observers shared the same thought that it is possible that the psychology of high prices in recent years (when the price reached a peak nearly 4 times higher than the current price) making farmers hesitant and hesitant to sell when they sell at too low prices. They want to wait a bit longer for prices to rise again, but for export traders it is not possible.
According to last week's market report of the International Pepper Association (IPC), exporters in Vietnam have offered black pepper grade 570 Gr-Asta at $ 3,015 / ton and black pepper grade 550 Gr- FAQ at USD 2,955 / ton (FOB-HCM).
Trade sources in Dubai also said that Brazilian black pepper was offered in B-Asta for $ 3,100, for B1 for 3,000 USD and B2 for 2,900 USD / ton.
Meanwhile, Lampung black pepper price (Indonesia) also offered fluctuated around USD 2,900 / ton (FOB).
According to observers, the price offered by current producing countries has shown that the global supply of pepper is quite plentiful and thus, the price of pepper has been in a prolonged downturn.
English
Source Young knowledge / CafeF
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