The price of black pepper at Ba Ria – Vung Tau today November 18 has reached 149,000 VND / kg, an increase of 14 thousand VND compared to a week ago.
Pepper prices in the world market soared again in the past 10 days because of strong buying power from European and US customers to prepare for year-end demand.
Prices recovered because after a period of nearly 1 month in a row, investors and importers wanted to buy bottom fishing, in the context of increasingly scarce supply.
On the international exchange NDCEX in India, pepper prices for December delivery were now around Rs 35,000 per quintal, compared with Rs 33,500 10 days ago.
The world price of pepper has increased, leading to higher export prices of the countries because countries are currently in scarcity, only Vietnam has many, though not many goods.
Exporters of our country this week offered Asta pepper at US $ 7,900 / ton, up from US $ 7,350 / ton from the previous week. Pepper of the same type in India increased less, only 200 USD to 7,450 USD / ton.
In the country, the price of black pepper in Ba Ria – Vung Tau today November 18 has reached 149,000 VND / kg, up 14 thousand VND compared to a week ago. In the Central Highlands, pepper prices have also reached 140 thousand VND / kg.
Statistics show that, in the first 10 months, pepper exports brought the country 700 million USD, the volume of 120 thousand tons, up 14.9% in volume and 93.9% in value over the same period. last year. The export price of pepper in October reached an average of 7,140 USD / ton, an increase of 280 USD compared to September.
According to international analysts, in 2011 Vietnam changed India to dominate the pepper market and will remain the same in 2012 because of the abundant supply due to the expansion of the area, while the supply from other countries still decreased because of the time. erratic secretion.
The International Pepper Association forecasts that Vietnam will reach 140,000 – 150,000 tons next year, Indonesia will have about 15,000 tons, Malaysia 20,000 tons, Brazil 30,000 tons and India about 42,000 tons.
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