The domestic and world pepper market in the first 10 months of this year must be said to be rare in any year, prices are always high and high records of prices are constantly set. As a result, domestic farmers have a good season of pepper, while exporters have a strong price.
Double turnover
According to a report of the Ministry of Agriculture and Rural Development, the export of pepper in the first 10 months of this year was 120,000 tons with a turnover of $ 702 million, an increase of 15% in volume but turnover doubled over the same period. last year.
The export price of pepper this year has risen sharply, particularly in the first 9 months, the average export price of pepper reached 5,730 dollars / ton, up 69% over the same period last year, also in October, the export price of pepper average exports up to 7,200 dollars / ton.
In the first 9 months, in addition to the German market, the export volume of pepper decreased by 27.1% compared to the same period last year, most of Vietnam's major export markets grew strongly in both volume and volume. turnover, especially in Egypt, Spain and Singapore, increased by 70-120% in volume and over 200% in value over the same period in 2010.
Domestic pepper prices in the past 10 months continuously increased at a high level, sometimes surpassing 150,000 VND / kg of black pepper with buckets, the highest ever price of Vietnam pepper market. The price of black pepper from 148,000 to 150,000 VND / kg on October 3 increased to a record of 153-154,000 VND / kg on October 7, more than double the average price of the whole year last year only 60-70,000 VND / kg. Currently, the price of black pepper has returned to VND 146,000 – VND 148,000 / kg.
White pepper price was more stable due to low demand, higher price for black pepper, currently reaching VND 190,000 – 195,000 / kg. Similarly, the export price of pepper increased sharply in October, currently the price of black pepper 500g / l FOB reached 7,500-7,700 USD / ton, black pepper 550g / l FOB 8,000 – 8,100 USD / ton, white pepper export. reaching 10,100-10,200 dollars / ton, the highest export price ever in the history of the pepper market.
According to the Center for Informatics and Statistics, Ministry of Agriculture and Rural Development, the country's estimated export volume of pepper this year is nearly 139,000 tons, worth more than 864 million dollars.
Forecast of pepper export in 2011
| Month Time | Mass (ton)r = 14.3% | Value (in dollars)r = 14.5% |
| January * February *
March* April* May * June * July * August* September* October** November** December** |
4.7465.137
16.126 15,355 13.102 15.177 13.168 16,988 10.119 10.283 9,520 9.140 |
23,240,34824,057,739
79,879,054 84.308.478 76.391.207 87,696,885 78,465,728 106,252,358 69.420.105 78,517,871 76,772,396 78,545,045 |
| The whole of 2011 | 138,862 | 863,547,214 |
| Source: Forecasting results of Center for Informatics and StatisticsNote: r – Forecast errors in the sample * Execution number ** Forecast number | ||
The world is too short of pepper
According to the World Pepper Association (IPC), the world pepper output in 2011 was estimated at 318,000 tons, down 5.14% compared with the output of 335.3 thousand tons in 2010. Accumulated 9 months In early 2011, the total volume of pepper exported from six major exporting countries (Vietnam, Brazil, India, Indonesia, Malaysia and Sri Lanka) reached 188,000 tons, down 4% from 195 thousand tons in the same period last year. .
Pepper exports of Vietnam and India increased sharply, with an increase of 14% and 10% respectively, while exports of Brazil, Indonesia, Malaysia and Sri Lanka decreased compared to the same period in 2010. Indonesia is a decrease country. The export was most significant with a 38.1% decrease from 42.1 thousand tons in 2010 to 26.3 thousand tons this year due to a sharp decline in black pepper production in 2011, with very little inventory at the beginning. this year.
According to the Center for Informatics and Statistics, pepper price at Kochi trading floor, India, closed on October 27, delivered on November, December and January / February 2012 respectively 36,430; 34,980; 35,160 and 35,500 rupees a quintal, up from 65% to 78% from the same period last year. In European market, spot price of Indian black pepper at US $ 8,300 / ton, white Muntok white spot of US $ 11,700 / ton, nearly doubled compared to the same period of 2010.
In India, prices for pepper tended to increase again after decreasing at the beginning of the month, local black pepper price was at USD 6,911 / ton; The export price of pepper reached US $ 7,124 / ton, up US $ 185 / ton (equivalent to an increase of 2.7%) compared to the beginning of October.
In Indonesia market, the price of local black pepper at US $ 7,504 / ton, black pepper export price reached US $ 7,900 / ton, increased by 135% and 97.5%, respectively, compared to the same period in 2010. The export price of white pepper was stable in the month reaching US $ 10,600 / ton.
According to traders of pepper trading, low reserves, low global production and high export demand will be factors that keep world pepper prices up in the medium and long term.
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