This afternoon, November 15, black pepper prices in Ba Ria-Vung Tau were at VND 146,000 / kg, 13% higher than the previous week, and tending to increase rapidly according to world prices.
At the end of the first trading session of the week, pepper price increased continuously. The terms delivered in November, December and January 2012 totaled respectively 1,715 rupees, Rs 1,380 and 1,050 Rs to Rs 34,370 a quintal, Rs 34,790 a quintal and Rs 35,025 a quintal, equivalent to US $ 7,014 per ton, 7,100 USD / ton and 7,148 USD / ton.
Statistics of the Customs sector showed that the export in October reached 5,963 tons of pepper of all kinds with a turnover of 41.86 million USD. Although decreasing by 42.1% in volume and 39.7% in value, the average export price in October still reached 7,140 USD / ton, 280 USD / ton higher than September.
The United States is still the largest pepper import market with 1,115 tons, valued at US $ 8.38 million. Next is the traditional pepper markets such as Germany 681 tons, turnover of US $ 6.32 million, United Arab Emirates 616 tons, turnover of US $ 3.93 million, Netherlands 428 tons, value. turnover of 3.37 million USD. …
In particular, within 10 months, there are 3 major producing countries also import pepper of all kinds, India 6,514 tons, worth US $ 34.9 million, Indonesia 1,072 tons, US $ 7.7 million, Malaysia 665 tons, worth 4.1 million USD. In which India mainly imports for re-export and cheap pepper to supplement domestic consumption.
3 weeks ago, when pepper prices fell quickly, many growers were worried about the price falling along with the fall of many agricultural products, even in some households, there was a mood of regret and regret. When the price of new pepper leveled off and there were signs of prosperity, the situation of stock discharges.
The traders said that the amount of goods sprung up in the past 2 weeks was quite large, which can be considered as the last stock of garden houses. Only home gardeners sell psychologically worried about falling prices, so the profits are not as expected.
Traders also said that the amount of goods discharged into the export companies' warehouses has not been significant, mainly into the warehouses of big agents and big agricultural speculators.
Recently, there have been some predictions that Vietnam's next crop output will not be equal to the last one because the disease situation is still raging in the main pepper growing areas and the weather is abnormal so the productivity will not be high.
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