This afternoon, 10/9, the price of black pepper in Ba Ria-Vung Tau was purchased by traders to buy 142,000 VND / kg – unprecedented high.
Closing the trading session on 9/9 in Kochi-India, the world price of pepper increased by Rs 251, Rs 278 and Rs 164, to Rs 33,264 a quintal, Rs 33,860 a quintal and VND 34,243 a quintal, equivalent to 7,238. USD / ton, USD 7,367 / ton and USD 7,450 / ton for September, October and November 2011 terms.
This afternoon, 10/9, the price of black pepper in Ba Ria-Vung Tau was purchased by traders to buy 142,000 VND / kg – a new record.
Within the past 15 days, if the price of pepper futures fluctuated significantly, the domestic pepper price increased by 5.97%. This shows that the purchasing demand of our country's exporters is still quite strong, contributing to support for significant domestic price growth as well as limit the decline in world pepper prices.
According to many market observers, the demand for Chinese customers has recently increased sharply. However, the quantity of pepper of this buyer is also difficult to statistic because mainly after penetrating the domestic market to collect, the goods are taken to the northern border by the customers to export along the border.
With the ASEAN-China Free Trade Agreement (ACFTA), our country's goods, especially agricultural products, are created favorable conditions for export to a large consumer market but do not love. This demand and encourages farmers to increase production.
If including the official export figures announced by the Customs sector plus Chinese customers since the beginning of the crop, the number of Vietnam's pepper exports will increase significantly this year. And it is enough to confirm the number of inventories in the population and in the warehouses of exporters is not much, helping the trend of world pepper prices to increase towards the end of the year.
MG1 Indian black pepper of special grade is being exported to the international market at 7,600-7,700 USD / ton (C&F) while Vietnamese black pepper of 500 Gr / l-FAQ is priced at 6,800 USD / ton and 500 Gr / l-Asta is priced at USD 7,200 / ton, (FOB), prices are maintained at a high level compared to other producing countries.
Follow TTVN / CafeF
Source link
