The price of black pepper in buckets in Ba Ria – Vung Tau today 18/11 has reached 149,000 VND/kg, an increase of 14,000 VND compared to 1 week ago.
Pepper prices on the world market have spiked again in the past 10 days because of strong buying from European and American customers to prepare for year-end demand.
The price recovered also because after a period of nearly 1 consecutive month of decline, both investors and importers wanted to buy at the bottom, in the context of increasingly scarce supply.
On the NDCEX international exchange in India, the price of pepper for December delivery is currently around Rs 35,000 per quintal, compared with Rs 33,500 10 days ago.
The increase in world pepper prices has led to an increase in the country’s export pepper because countries are currently very short of goods, only Vietnam has goods, although not many.
Our country’s exporters this week offered Asta pepper at $7,900/ton, up from $7,350/ton last week. Same grade of Indian pepper increased less, only 200 USD to 7,450 USD/ton.
Domestically, the price of black pepper in Ba Ria – Vung Tau today has reached 149,000 VND/kg, an increase of 14,000 VND compared to a week ago. In the Central Highlands, pepper prices have also reached 140,000 VND/kg.
Statistics show that, in the first 10 months of the year, pepper export brought the country 700 million USD, volume 120 thousand tons, up 14.9% in volume and 93.9% in value over the same period. period last year. The export price of pepper in October averaged 7,140 USD/ton, up 280 USD compared to September.
According to international analysts, in 2011 Vietnam replaced India to dominate the pepper market and will remain the same in 2012 because of the abundant supply due to the expansion of the area, while the supply from other countries still decreased due to the growing period. erratic weather.
The International Pepper Association forecasts that Vietnam will reach an output of 140,000-150,000 tons next year, while Indonesia will be about 15,000 tons, Malaysia 20,000 tons, Brazil 30,000 tons and India about 42,000 tons.
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