The Vietnam Pepper Association (VPA) has estimated that this year 's pepper productivity will drop sharply, possibly up to 30% due to unfavorable weather and many pepper growing areas are affected by pests of all kinds that lose all white or harvest. insignificant plan.
Reduced productivity and record low prices not only made gardeners depressed, but also the labor of the collectors appeared to be drowsy and negative when seeing low labor efficiency, so they looked for other jobs to get inspired. more labor-intensive. At this time, in many key growing areas in the Central Highlands, to attract and motivate workers, homeowners have adopted a measure of dividing harvested products instead of paying wages. It is quite common that the ration divided between garden owners and peasants picking up to 50/50.
A local trader said that if farmers only sold a small amount of pepper in the previous years, it was enough to pay for the picking labor, this year they had to sell two or three times more. Farmers also have no need to store, so the amount of pepper distributed is also sold immediately. Not only that, the supply of pepper in the country has increased sharply, but the price of pepper has dropped dramatically, but a significant amount of pepper from Cambodia purchased by exporters in the South has also contributed to the price. deep water drop.
However, the aforementioned division phenomenon is only common in pepper gardens with small area, low productivity, little fertilization, planting in movement. As for the pepper gardens with large area, the garden owners have the financial potential, carefully invested, still relatively stable. The Vietnam Pepper Association (VPA) forecasts this year's pepper output will be in the range of 180,000 – 200,000 tons and said traders are not in a hurry to buy pepper like every year, so the supply pressure continues to drive prices down further.
Market reports of the International Pepper Association (IPC) last week showed that most of the price offered for export of black pepper for exporting in pepper producing countries was relatively stable while the price of white pepper decreased slightly. In India, yesterday spot prices increased marginally by Rs 100 to Rs 38,000 a quintal (US $ 5,828 / ton) for pint and 40,000 Rs / quintal (US $ 6,134 / ton) for pre-processed pepper. . While the price of pepper on the NCDEX – Kochi decreased slightly, the April delivery term decreased by Rs 55, to Rs 40,190 / kg and in May fell by Rs 50 to Rs 40,410 / kg (approximately USD 6,164 / ton and USD 6,197). /ton).
According to market sources, Vietnam's pepper exports are still offered at stable prices, while the domestic market has appeared small speculative buying power, which also contributed to the slowdown.
This morning on March 23, prices for raw material in the Central Highlands region ranged from VND 50,000 to VND 52,000 per kg, unchanged from yesterday, prices of pepper at Ba Ria-Vung Tau increased slightly by VND 1,000 at VND 54,000 / kg.
Domestic pepper prices are expected to stabilize through early next week.
According to Young Intellectuals
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