The pepper market in the country and the world in the first 10 months of this year has to be said to be rare, the price is always high and the high price records are set continuously. As a result, domestic farmers have a year of winning pepper season, and export enterprises have won a big price.
Turnover doubled
According to a report of the Ministry of Agriculture and Rural Development, pepper exports in the first 10 months of this year were 120,000 tons with a turnover of $ 702 million, up 15% in volume but double the turnover compared to the same period last year. last year.
The export price of pepper this year increased too strongly, specifically in the first nine months of the year the average export price of pepper reached $5,730/ton, up 69% over the same period last year. average export amounted to 7,200 USD/ton.
In the first 9 months of the year, besides the German market, the export volume of pepper decreased by 27.1% over the same period last year, most of the major pepper export markets of Vietnam grew strongly in both volume and quantity. Turnover, especially Egypt, Spain and Singapore markets increased by 70-120% in volume and more than 200% in value over the same period in 2010.
The domestic pepper price in the past 10 months has continuously increased at a high level, sometimes surpassing 150,000 VND/kg of black pepper with buckets, the highest price ever recorded in the Vietnamese pepper market. The price of black pepper from 148,000 -150,000 VND/kg on October 3 increased to a record level of 153-154,000 VND/kg on October 7, more than double the average pepper price of the whole last year of only 60-70,000. VND/kg. Currently, the price of black pepper has returned to 146,000 – 148,000 VND/kg.
The price of white pepper is more stable because the demand for white pepper is not much, the price is higher than that of black pepper, currently reaching 190,000 – 195,000 VND/kg. Similarly, the export price of pepper increased sharply in October, currently the price of black pepper 500g/l FOB reached $7,500-7,600/ton, black pepper 550g/l FOB $8,000-8,100/ton, white pepper for export reached 10,100-10,200 USD/ton, the highest export price ever seen in the history of the pepper market.
According to the forecast of the Center for Informatics and Statistics, the Ministry of Agriculture and Rural Development, the country’s export volume of pepper this year is estimated at nearly 139,000 tons with a value of more than $864 million.
Forecast of pepper exports in 2011
| MonthTime | Mass (ton)r=14.3 % | Value (dollar)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 year 2011 | 138,862 | 863.547,214 |
| Source: Forecast results of the Center for Informatics and StatisticsNote: r – Forecast error in the sample * Number of implementations ** Number of forecasts | ||
The world is too short of pepper
According to the World Pepper Association (IPC), the world pepper production in 2011 is estimated at 318,000 tons, down 5.14% compared to the output of 335.3 thousand tons in 2010. Accumulated in 9 months At the beginning of 2011, the total export volume of pepper from 6 major exporting countries (Vietnam, Brazil, India, Indonesia, Malaysia and Sri Lanka) reached 188,000 tons, down 4% compared to 195,000 tons in the same period last year. .
Pepper exports from Vietnam and India increased sharply, with an increase of 14% and 10% respectively while that of Brazil, Indonesia, Malaysia and Srilanka decreased compared to the same period in 2010. Indonesia was the country with a decrease. export was the most significant with a decrease of 38.1% from 42.1 thousand tons in 2010 to 26.3 thousand tons this year due to a sharp decrease in black pepper production in 2011 along with very little inventory in the beginning. this year.
According to the Center for Informatics and Statistics, the price of pepper at the Kochi floor, India closed the session on October 27, for November, December and January 1-2 2012 terms, respectively, at 36,430; 34,980; 35,160 and 35,500 rupees/quintal, up from 65% to 78% compared to the same period last year. In the European market, the spot price of Indian black pepper reached $8,300/ton, and the spot price of Muntok white pepper reached $11,700/ton, nearly double the price in the same period in 2010.
In India, the purchasing price of pepper tends to increase again after falling at the beginning of the month, the domestic price of black pepper is at $6,911/ton; export price of pepper reached $7,124/ton, up $185/ton (equivalent to 2.7% increase) compared to the beginning of October.
In the Indonesian market, the purchase price of domestic black pepper reached $7,504/ton, the export price of black pepper reached $7,900/ton, up 135% and 97.5% respectively compared to the same period in 2010. , the export price of white pepper was stable in the month reaching 10,600 USD/ton.
According to pepper traders, low reserves, low global output and high export demand will be the factors that keep world pepper prices rising in the medium and long term.
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