On the world market
Update from the International Pepper Association (IPC), in the most recent trading session, pepper price Indonesian Lampung black continued to extend its price decreasing streak to 6,634 USD/ton, down 0.47% compared to the previous trading session.
In other places, pepper prices remained stable. In particular, Brazilian pepper price ASTA 570 moved sideways at 6,300 USD/ton after falling the previous day; Kuching Malaysia black pepper costs 8,500 USD/ton.
Price of black pepper 500 g/l and 550 g/l export of Vietnam remains stable in the range of 6,500 – 6,800 USD/ton.
|
Type name |
World black pepper price list |
|
|
November 7 (Unit: USD/ton) |
% change compared to the previous day |
|
|
Lampung black pepper (Indonesia) |
6,634 |
-0.47 |
|
Brazilian black pepper ASTA 570 |
6,300 |
0.0 |
|
Kuching black pepper (Malaysia) ASTA |
8,500 |
0.0 |
|
Vietnamese black pepper (500 g/l) |
6,500 |
0.0 |
|
Vietnamese black pepper (500 g/l) |
6,800 |
0.0 |
At the same time of the survey, the price of Muntok Indonesian white pepper also decreased by 0.47%, reaching 9,082 USD/ton.
While the price of white pepper in Vietnam and Malaysia remained stable at 9,500 USD/ton and 11,000 USD/ton.
|
Type name |
World white pepper price list |
|
|
November 7 (Unit: USD/ton) |
% change compared to the previous day |
|
|
Muntok Indonesian white pepper |
9,082 |
-0.47 |
|
ASTA Malaysian white pepper |
11,000 |
0.0 |
|
Vietnamese white pepper |
9,500 |
0.0 |
Update pepper information
According to preliminary statistics of the Vietnam Pepper and Spice Association (VPSA), in October, Vietnam exported 18,493 tons of pepper of all kinds with a turnover of 120.2 million USD. Export volume increased 7.9% over the previous month, but decreased 3.6% over the same period last year.
The average export price of black pepper in the month reached 6,284 USD/ton, down 28 USD compared to the previous month, while the price of white pepper was up to 8,029 USD/ton, up 191 USD.
The US is still the largest export market in October, accounting for 27.7% reaching 5,128 tons, down 8.5% compared to September. Next are the following markets: Hong Kong: 1,784 tons, UAE: 1,382 tons, Ha Lan: 1,000 tons and Germany: 960 tons.
Meanwhile, Olam is still the largest export enterprise in the past month, reaching 2,595 tons, accounting for 14.0%, followed by enterprises: Nedspice Vietnam: 1,878 tons, Phuc Sinh: 1,605 tons, Pearl: 1,397 tons and Lien Thanh: 1,202 tons.
Accumulated until the end of October, Vietnam exported a total of 219,387 tons of pepper of all kinds with a turnover of more than 1.1 billion USD, a slight decrease of 1.9% in volume but a sharp increase of 48% in turnover compared to the previous year. same period last year.
Of which, black pepper exports reached 193,892 tons, white pepper reached 25,495 tons (black pepper decreased by 3.3% while white pepper increased by 10.8%), corresponding to turnover of 881.6 million USD and 162.6 million USD. .
The average export price of black pepper in 10 months reached 4,971 USD/ton, an increase of 1,528 USD/ton and white pepper reached 6,626 USD/ton, an increase of 1,671 USD/ton compared to the same period in 2023.
Regarding export markets, the US is the largest export market of Vietnamese pepper after 10 months, accounting for 28.5% reaching 62,553 tons, an increase of 46.8% over the same period last year.
Next are the markets: UAE: 14,540 tons, accounting for 6.6%, up 45.0%; Germany: 13,737 tons, accounting for 6.3%, up 77.2%; India: 9,428 tons, accounting for 4.3%, down 10.5% and Netherlands: 9,295 tons, accounting for 4.2%, up 41.2% over the same period. China is Vietnam’s 6th largest export market reaching 9,252 tons, but over the same period the export volume decreased by 84%.
Olam Vietnam is the largest export enterprise in the first 10 months of 2024 reaching 23,160 tons, accounting for 10.6% and increasing 51.1% over the same period. Next are businesses: Phuc Sinh: 20,118 tons, accounting for 9.2%, an increase of 58.2%; Nedspice Vietnam: 17,014 tons, accounting for 7.8%, up 10.0%; Haprosimex JSC: 16,002 tons, accounting for 7.3%, up 77.5% and Pearl: 14,031 tons, accounting for 6.4% and down 0.8%…
According to VietnamBiz.vn
