Vietnam dominates world pepper prices

Vietnam dominates world pepper prices
Vietnam dominates world pepper prices
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While associations and industries, whether large or small export turnover is still struggling to find a place, Vietnam's pepper industry has dominated the supply and prices of world markets.

“Pepper is a special category that makes us all have to think about where it exists, exports (exports) account for 50% of the world, 3-year prices constantly dominate international prices and soar. . No one needs pepper farmers, ”said Do Ha Nam, President of the Vietnam Pepper Association, generalizing the panorama of one of Vietnam's first commodities that control world prices and supplies.

Farmers “regulate” the price

Pepper prices Black in Chu Se, Gia Lai is currently at 120,000 VND / kg; In Lam Dong, traders also come to the garden to buy black pepper at VND 120,000 / kg. According to Mr. Ho Dinh Huan, Chairman of the Chu Se Pepper Association, in this district, there are many large-scale production households with high production volumes and conditional storage conditions. Meanwhile, Vietnam Pepper Association said that due to the decrease of Indian pepper output this year, pepper processing and distribution enterprises in the world concentrated to buy in Vietnam, causing the price of pepper to increase sharply. In Indonesia, the second largest pepper exporting country in the world after Vietnam, it is forecasted that the export volume will reduce sharply in the year, only about 23,000 tons, down to 48% compared to 2010.

This is a favorable condition for this crop of Vietnam pepper, because according to the forecast of the Vietnam Pepper Association, the whole country's pepper output in 2011 crop is estimated at 100,000 – 110,000 tons. Therefore, the more they hoard, the more farmers benefit. In many gardens, ripe red pepper trees have just been harvested. When the harvest is spread under the pepper plants, the yield does not decrease but the quality is very good.

The current price of pepper has increased by 30,000 VND / kg compared to the end of March and is the highest level since the past 15 years. Mr. Nam said: “If 10 years ago, Vietnam did not have a voice in the World Pepper Conference, now if we do not go to the World Pepper Conference, it will be considered as invalid, the whole world will I don't know which direction the market will go and how the price will turn out. ”

Difficult to squeeze prices

Pepper farmers are now considered to be the richest compared to other crops. According to Mr. Do Ha Nam, pepper morning farmers had pagers everywhere world pepper prices How much, how much, how much they know the world price, how much they will sell to businesses, so don't be afraid that businesses can squeeze farmers' prices, or expect farmers to sell them. They only sell gradually enough to cover the cost of investment and the crop will stop waiting for price.

The special thing is that, not only can not price farmers, pepper exporters want to earn profits, they have to actively find the way to sell at the root, but not through big spice dealers in the world, Foreign enterprises also could not jump in to buy goods like coffee today.

In Chu Se, Mr. Huan said that he wants to update the world pepper price, domestic pepper price, how to take care and fertilize properly the technique and season … farmers can send messages and make phone calls at any time. , including midnight crowding. The switchboard responded to this automatic information invested and maintained by Chu Se Pepper Association since about 2006, from the financial contribution of 700-800 members, each member only needs to pay … 1kg pepper.

According to Mr. Huan, in the past, there was also the situation that in every harvest season, people stepped up their sales, causing a dramatic price drop. But in recent years, due to the situation of supply – demand, price, some giants of pepper – those who harvest 5 – 10 tons of pepper / crop or more, only sell a small number of pepper in the harvest. plan to cover costs, the rest they keep in the warehouse and closely monitor changes in market prices decide when to sell is most profitable, so most of the pepper households win big. It is not uncommon for Chu Se farmers to access the internet to hold pepper price information.

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