At VND 48,500 / kg, pepper prices have now fallen by 25% from the highs at the beginning of the year and by 31% compared to the same period last year.
According to functional units, this price of pepper production households in the Central Highlands has no profit or even loss, because the production cost of 1 kg of black pepper in the Central Highlands has increased to 45,000 – 47,000 VND / kg due to the beginning. increased investment in care, watering, fertilizing, pesticides to harvest …
One of the reasons for the decline in domestic pepper prices due to the gloomy market and export prices. According to statistics from the General Department of Customs, pepper exports in the first 15 days of July 2018 reached 10.4 thousand tons, worth US $ 32 million, down 5.7% in volume and 8.3% in value. prices compared to the last 15 days of June, the average export price 3,069.1 USD / ton, down 2.7%. If compared with the same period in July 2017, the export of pepper increased by 8.4% but the value decreased by 27% and the average export price decreased by 32.6%.
Previously, in the first 6 months of 2018, the average export price decreased by 61% over the same period in 2017 to US $ 3,430 / ton. The US continues to be the main export market of Vietnam pepper, accounting for 17.8% of the total commodity group reaching 23.5 thousand tons, worth US $ 86.9 million, up 7.71% in volume but down 36 , 46% of value, average export price decreased by 41.01% to 3,690.67 USD / ton.
Although India is the largest consumer in the world, the second largest producer after Vietnam, in the first 6 months of 2018, India also has to import a large amount of pepper from Vietnam, second only to the following. the US market, accounting for 8.8%, reaching 11.6 thousand tons; US $ 39.2 million, up 58.44% in volume, but down 2.16% in value, the average export price decreased by 2.16% to 3,372.18 USD / ton.
In general, in the first half of 2018, the average export price to the markets decreased, the strongest decrease was France 47.04% to 3,659.13 USD / ton, followed by Belgium 45.58% to 4,356.85 USD / ton and Singapore 45.3% to USD 3,377.76 / ton.
Remarkably, export to Japan market is the most expensive price, reaching 5.0544.47 USD / ton, in addition to markets such as England, Netherlands, Australia and Belgium with the price of over 4,000 USD / ton. .
Average pepper volume and export price to TOP 10 major markets in the first half of 2018
In addition, the price of pepper on the world market decreased due to plentiful supply also dragged the domestic price down. Vietnam and Brazil still have large inventories from the previous harvest, while the pressure from Indonesia and Malasyia is quite large when the two countries start harvesting new crops in July and August. Exporters have not yet placed new orders for August contracts, while July contracts are almost completed. In addition, some pepper warehouses have the phenomenon of speculative discharges due to an increase not as expected; loan interest rates have become a burden, so they need to recover and convert investment.
With the above reasons, from now to the end of the year, pepper price will hardly have a chance to recover.
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