On the world market
On the world market, pepper prices continue to move sideways on a large scale.
The International Pepper Association (IPC) is listing the price of Lampung Indonesian black pepper at 6,470 USD/ton, Brazilian ASTA 570 black pepper at 6,000 USD/ton, and Kuching Malaysia black pepper at 8,400 USD/ton.
Price of black pepper 500 g/l and 550 g/l export of Vietnam fluctuates between 6,200 – 6,500 USD/ton.
|
Type name |
World black pepper price list |
|
|
November 23 (Unit: USD/ton) |
% change compared to the previous day |
|
|
Lampung black pepper (Indonesia) |
6,470 |
– |
|
Brazilian black pepper ASTA 570 |
6,000 |
– |
|
Kuching black pepper (Malaysia) ASTA |
8,400 |
– |
|
Vietnamese black pepper (500 g/l) |
6,200 |
– |
|
Vietnamese black pepper (500 g/l) |
6,500 |
– |
At the same time of the survey, the price of Indonesian Muntok white pepper reached 9,055 USD/ton. While Vietnamese white pepper and Malaysian white pepper stood at higher levels of 9,400 USD/ton and 10,500 USD/ton.
|
Type name |
World white pepper price list |
|
|
November 23 (Unit: USD/ton) |
% change compared to the previous day |
|
|
Muntok Indonesian white pepper |
9,055 |
– |
|
ASTA Malaysian white pepper |
10,500 |
– |
|
Vietnamese white pepper |
9,400 |
– |
Update pepper information
Vietnam’s pepper export activities are slowing down, a sign that there is not much domestic supply left.
According to data from the General Department of Customs, Vietnam’s pepper exports in the first 15 days of November only reached 7,642 tons, worth 52.4 million USD, down 9.9% in volume and 5% in value compared to In the first half of October, compared to the same period last year, it decreased by 18.8% in volume but still increased by 44.3% in value.
Accumulated from the beginning of the year to November 15, pepper exports reached 226,366 tons, worth 1.16 billion USD, down 3.6% in volume but up 46.9% in value over the same period thanks to rising prices. High.
From the beginning of the year until now, Vietnam’s export pepper price has increased 52.3% over the same period last year, reaching an average of 5,137 USD/ton.
In the first half of November alone, the export price of this product reached 6,856 USD/ton, up 4.7% compared to October and up 77.6% over the same period last year. This is also the highest price recorded since January 2017.
Not only Vietnam, the amount of pepper exported by Brazil – the world’s second largest pepper producer and supplier – also recorded a decrease of 19.3% in the first 10 months of the year, reaching only 52,988 tons.
However, in return, pepper exports from Indonesia and India increased sharply at double-digit levels.
Regarding consumption demand, from the beginning of the year until now import Spending in major markets such as the US, EU, Middle East, and Asia all increased compared to last year, but the Chinese market alone decreased sharply.
According to VietnamBiz.vn
