Pepper market November 17, 2024: Down for the third consecutive week

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In the domestic market

Pepper price today November 17 continued to recover and increased by 500 – 1,000 VND/kg in key provinces and cities, fluctuating around 139,000 VND/kg. – 140000 VND/kg.

However, overall for the past week pepper price still decreased by 500 – 1,500 VND/kg and marked the third consecutive week of decline.

Specifically, Agents in Dak Nong province are buying pepper at the highest price of 140,000 VND/kg, down 1,200 VND/kg compared to the beginning of the week.

In Dak Lak province, pepper prices are trading at a lower level of 139,500 VND/kg, down 1,500 VND in the past week.

Similarly, pepper prices in Gia Lai, Ba Ria – Vung Tau and Dong Nai provinces also decreased by 1,000 VND/kg, to 139,000 VND/kg. This is also the purchasing price in Binh Phuoc, reduced by 500 VND/kg.

The market scenario this week is quite similar to previous weeks when pepper prices had alternating periods of decline and recovery. The market is under pressure due to business cash flow shifting coffee and a stronger dollar, but limited supply with the harvest still months away has helped support the market.

Province/district

(survey area)

Purchase price November 17

(Unit: VND/kg)

Change compared to the previous day (Unit: VND/kg)

Change compared to the beginning of the week (Unit: VND/kg)

Dak Lak

139,500

+500

-1,500

Gia Lai

139,000

+500

-1,000

Dak Nong

140,000

+1,000

-1,200

Ba Ria – Vung Tau

139,000

+500

-1,000

Binh Phuoc

139,000

+1,000

-500

Dong Nai

139,000

+500

-1,000

Source: Hoang Hiep compiled from gia tieu.com

On the world market

Update from the International Pepper Association (IPC), at the end of last week’s trading session, Lampung Indonesia black pepper price was listed at 6,470 USD/ton, down 3.6% compared to last weekend.

The price of Brazilian black pepper ASTA 570 also decreased by 4.8% last week, down to only 6,000 USD/ton.

Price of black pepper 500 g/l and 550 g/l export of Vietnam fluctuated between 6,200 – 6,500 USD/ton, down 4.4 – 4.6%.

Kuching Malaysia black pepper alone remains stable at 8,400 USD/ton.

Type name

World black pepper price list

November 17 (Unit: USD/ton)

% change compared to last week

Lampung black pepper (Indonesia)

6,470

-3,6

Brazilian black pepper ASTA 570

6,000

-4.8

Kuching black pepper (Malaysia) ASTA

8,400

0.0

Vietnamese black pepper (500 g/l)

6,200

-4,6

Vietnamese black pepper (500 g/l)

6,500

-4,4

At the same time of the survey, Muntok white pepper prices in Indonesia and Vietnam decreased by 1.4% and 1.1% respectively last week, to 9,055 USD/ton and 9,400 USD/ton.

Meanwhile, Malaysian white pepper remained stable at a high level of 10,500 USD/ton.

Type name

World white pepper price list

November 17 (Unit: USD/ton)

% change compared to last week

Muntok Indonesian white pepper

9,055

-1.4

ASTA Malaysian white pepper

10,500

0.0

Vietnamese white pepper

9,400

-1,1

Update pepper information

According to many farmers in Dak Lak, pepper is a sensitive crop that is easily affected by erratic weather. This year’s prolonged drought, hot dry weather and low humidity are not favorable for pepper to flower, pollinate and fruit.

Mr. Nguyen Van Quy in Ea Bhok commune, Cu Kuin district, Dak Lak province, has more than 5 acres of pepper intercropped in his coffee garden. He said this year the weather did not support pepper growers, causing pepper seeds to be scratched. There are many, even in the garden there is only one fruit.

According to Mr. Nguyen Huy Than, Cu Hue commune, Ea Kar district, Dak Lak province, the pepper tree begins to sprout, then shoots, and when it comes to blooming, it rains a lot, causing the pepper to not be able to pollinate, leading to the flower cutting. very short and sparse.

Although pepper prices are currently high, making farmers impatient when pepper yields decrease, according to scientists, for pepper to develop sustainably, farmers need to follow appropriate fertilization procedures. , helps plants stay healthy. At the same time, grow pepper on living pillars to reduce the adverse effects of weather and help maintain sustainable production over the years. according to Dak Lak Television.

According to VietnamBiz.vn

Pepper prices today (November 17) recovered for the second consecutive day, but overall in the past week, prices were still down 500 – 1,500 VND/kg compared to last week. World markets also simultaneously adjusted downward last week.

In the domestic market

Pepper price today November 17 continued to recover and increased by 500 – 1,000 VND/kg in key provinces and cities, fluctuating around 139,000 VND/kg. – 140000 VND/kg.

However, overall for the past week pepper price still decreased by 500 – 1,500 VND/kg and marked the third consecutive week of decline.

Specifically, Agents in Dak Nong province are buying pepper at the highest price of 140,000 VND/kg, down 1,200 VND/kg compared to the beginning of the week.

In Dak Lak province, pepper prices are trading at a lower level of 139,500 VND/kg, down 1,500 VND in the past week.

Similarly, pepper prices in Gia Lai, Ba Ria – Vung Tau and Dong Nai provinces also decreased by 1,000 VND/kg, to 139,000 VND/kg. This is also the purchasing price in Binh Phuoc, reduced by 500 VND/kg.

The market scenario this week is quite similar to previous weeks when pepper prices had alternating periods of decline and recovery. The market is under pressure due to business cash flow shifting coffee and a stronger dollar, but limited supply with the harvest still months away has helped support the market.

Province/district

(survey area)

Purchase price November 17

(Unit: VND/kg)

Change compared to the previous day (Unit: VND/kg)

Change compared to the beginning of the week (Unit: VND/kg)

Dak Lak

139,500

+500

-1,500

Gia Lai

139,000

+500

-1,000

Dak Nong

140,000

+1,000

-1,200

Ba Ria – Vung Tau

139,000

+500

-1,000

Binh Phuoc

139,000

+1,000

-500

Dong Nai

139,000

+500

-1,000

Pepper market November 17, 2024: Down for the third consecutive week

Source: Hoang Hiep compiled from gia tieu.com

On the world market

Update from the International Pepper Association (IPC), at the end of last week’s trading session, Lampung Indonesia black pepper price was listed at 6,470 USD/ton, down 3.6% compared to last weekend.

The price of Brazilian black pepper ASTA 570 also decreased by 4.8% last week, down to only 6,000 USD/ton.

Price of black pepper 500 g/l and 550 g/l export of Vietnam fluctuated between 6,200 – 6,500 USD/ton, down 4.4 – 4.6%.

Kuching Malaysia black pepper alone remains stable at 8,400 USD/ton.

Type name

World black pepper price list

November 17 (Unit: USD/ton)

% change compared to last week

Lampung black pepper (Indonesia)

6,470

-3,6

Brazilian black pepper ASTA 570

6,000

-4.8

Kuching black pepper (Malaysia) ASTA

8,400

0.0

Vietnamese black pepper (500 g/l)

6,200

-4,6

Vietnamese black pepper (500 g/l)

6,500

-4,4

At the same time of the survey, Muntok white pepper prices in Indonesia and Vietnam decreased by 1.4% and 1.1% respectively last week, to 9,055 USD/ton and 9,400 USD/ton.

Meanwhile, Malaysian white pepper remained stable at a high level of 10,500 USD/ton.

Type name

World white pepper price list

November 17 (Unit: USD/ton)

% change compared to last week

Muntok Indonesian white pepper

9,055

-1.4

ASTA Malaysian white pepper

10,500

0.0

Vietnamese white pepper

9,400

-1,1

Update pepper information

According to many farmers in Dak Lak, pepper is a sensitive crop that is easily affected by erratic weather. This year’s prolonged drought, hot dry weather and low humidity are not favorable for pepper to flower, pollinate and fruit.

Mr. Nguyen Van Quy in Ea Bhok commune, Cu Kuin district, Dak Lak province, has more than 5 acres of pepper intercropped in his coffee garden. He said this year the weather did not support pepper growers, causing pepper seeds to be scratched. There are many, even in the garden there is only one fruit.

According to Mr. Nguyen Huy Than, Cu Hue commune, Ea Kar district, Dak Lak province, the pepper tree begins to sprout, then shoots, and when it comes to blooming, it rains a lot, causing the pepper to not be able to pollinate, leading to the flower cutting. very short and sparse.

Although pepper prices are currently high, making farmers impatient when pepper yields decrease, according to scientists, for pepper to develop sustainably, farmers need to follow appropriate fertilization procedures. , helps plants stay healthy. At the same time, grow pepper on living pillars to reduce the adverse effects of weather and help maintain sustainable production over the years. according to Dak Lak Television.

According to VietnamBiz.vn

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