Pepper prices today continue to decrease by 1,000 VND/kg in key localities, down to only 146,000 – 147,000 VND/kg. America’s pepper demand has reportedly increased very strongly since the beginning of the year until now, with Vietnam providing nearly 80% of the supply for this market.
On the world market
According to an update from the International Pepper Association (IPC), at the end of the most recent trading session, Indonesia’s Lampung black pepper price was listed at 6,927 USD/ton, down slightly by 0.5% ($37/ton). compared to the previous day.
Meanwhile, asking prices in other countries generally did not fluctuate. Specifically, Brazilian black pepper ASTA 570 reached 6,750 USD/ton, Kuching Malaysian black pepper at 8,800 USD/ton.
In Vietnam, black pepper prices are 500 g/l and 550 g/l export reached 6,800 USD/ton and 7,100 USD/ton respectively.
|
Type name |
World black pepper price list |
|
|
September 26 (Unit: USD/ton) |
% change compared to the previous day |
|
| Lampung black pepper (Indonesia) |
6,927 |
-0,,52 |
| Brazilian black pepper ASTA 570 |
6,750 |
0 |
| Kuching black pepper (Malaysia) ASTA |
8,800 |
0 |
| Vietnamese black pepper (500 g/l) |
6,800 |
0 |
| Vietnamese black pepper (500 g/l) |
7,100 |
0 |
At the same time of the survey, the price of Muntok Indonesian white pepper decreased by 49 USD/ton, to 9,409 USD/ton.
While the price of Malaysian ASTA white pepper and Vietnamese white pepper remained unchanged at 11,200 USD/ton and 10,150 USD/ton.
|
Type name |
World white pepper price list |
|
|
September 26 (Unit: USD/ton) |
% change compared to the previous day |
|
| Muntok Indonesian white pepper |
9,409 |
-0.52 |
| ASTA Malaysian white pepper |
11,200 |
0 |
| Vietnamese white pepper |
10,150 |
0 |
According to data from the US International Trade Commission (USITC), US pepper imports in July reached 10,259 tons, a sharp increase of 25.5% over the previous month and up 54.1% over the same period last year. last.
In the first 7 months of the year, this number reached 55,922 tons with a value of 267.2 million USD, an increase of 38.7% in volume and 43.9% in value over the same period.
Of which, Vietnam provided 78% of the total volume of pepper imported into the US in the first 7 months of the year, with a volume of 43,447 tons, worth 204.2 million USD, an increase of 37% in volume and an increase of 46.2%. % in value compared to the same period last year.
Next is India with 4,441 tons, an increase of 30.7% and accounting for 8% of the market share; Indonesia reached 4,251 tons, an increase of 110.3% and accounting for 8% of the market share; Brazil reached 1,969 tons, an increase of 49.2% and accounting for 3%…
Vietnam’s export pepper price to the US reached an average of 4,701 USD/ton in the first 7 months of the year, an increase of 6.7% over the same period last year. Similarly, Indian pepper prices also increased slightly by 2%, reaching an average of 5,032 USD/ton. In contrast, Indonesian pepper prices decreased by 19.2%, Brazilian pepper prices decreased by 8%, reaching 5,000 USD/ton and 4,070 USD/ton respectively.
On September 18, the US Federal Reserve (Fed) decided to loosen monetary policy after 4 years. Accordingly, the US reference interest rate decreased by 50 basis points (0.5%), to 4.75-5%.
This move by the Fed is expected to have a positive impact on the global pepper market because the US is currently the largest pepper consuming and importing country in the world.
When interest rates are low, cheaper borrowing costs will help businesses expand production investment. Similarly, consumers spend more because savings are less attractive.
According to VietnamBiz.vn
