Update domestic pepper prices
Pepper prices this week in general tend to increase. Compared to the beginning of the week, the purchase price in key provinces increased by 1,500-2,000 VND/kg.
According to the survey, the lowest price is currently 58,000 VND/kg recorded in Gia Lai province, an increase of 2,000 VND/kg. Next is Dong Nai with 58,500 VND/kg, an increase of 1,500 VND/kg.
After increasing by 2,000 VND/kg, the two provinces of Dak Lak and Dak Nong are purchasing pepper at the same rate of 59,500 VND/kg.
Similarly, pepper prices in Binh Phuoc and Ba Ria – Vung Tau increased by 2,000 VND/kg and 1,500 VND/kg, respectively, to 60,500 VND/kg and 61,000 VND/kg respectively.
Price volatility in the past week. Unit: VND/kg. Synthetic: Thao Vy
Update pepper information
Indonesia is one of the leading producers of white and black pepper in the world. The pepper harvest in Indonesia usually takes place from July to October every year.
Lampong is Indonesia’s main black pepper growing region, while Muntok white pepper is concentrated mainly in Banka Belatong. The East Kalimantan and Sulawesi regions also produce white pepper, but mainly for domestic consumption.
In the context of low pepper prices, black pepper farmers in Indonesia are turning to alternative crops such as cassava, rubber and palm oil.
Indonesia’s pepper area has decreased by nearly 25% from the 120,000 ha recorded in the 1990s. Indonesia’s pepper quality problems may be exacerbated by ongoing water shortages.
Not many Indonesian farmers have the resources to implement environmentally friendly pepper production processes. Extreme weather has affected the overall productivity of pepper farms.
Indonesia’s pepper production decreased due to consecutive droughts for many years and unsatisfactory prices. Forecasting, the 2023 crop production will be about 48,000 tons, lower than 52,000 tons in the previous crop year.
Vietnam continues to be the largest pepper importer from Indonesia (37%), followed by China (20%), the US (12%), India (9%) and Germany (3%), according to the website. Community3.
According to VietnamBiz.vn
