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Black Pepper News - Black Pepper Market Sentiments and AgriWatch Expectation
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Black Pepper Market Sentiments and AgriWatch Expectation

Published on: May 04 2022, 11:43
Vietnam Pepper price as on 4th April in the domestic market remained stable compared to yesterday. Specifically, today's pepper price in Dak Lak and Dak Nong provinces is buying at 78,000 VND/kg; flat compared to yesterday. Gia Lai pepper price today 4/5 maintained trading at 77,000 VND/kg. Pepper price in Dong Nai today remained unchanged, continuing to trade at 77,500 VND/kg. Today's pepper price in Ba Ria - Vung Tau leveled off at 80,000 VND/kg - the highest purchase price of pepper in the country today. In Binh Phuoc, pepper price today 4/5 traded at 79,000 VND/kg, no new changes compared to yesterday.
 
According to the Vietnam Pepper Association, Indonesia's next black pepper crop will start from June onwards, so it is too early to estimate the output for the 2022 crop. However, according IPC, Indonesia's pepper output in the 2022 crop is likely to decrease by 10% compared to 2021. 
 
In India, this year's crop harvesting has also ended. According to IPC, India's pepper production is estimated to decrease by 10% compared to the 2021 crop. Export prices of Indian black pepper increased slightly in the first 3 months of the year. High consumption demand and speculation may be the factors contributing to the stability of Indian pepper prices in the near future. Also in the first 3 months of 2022, India has increased pepper imports from Vietnam, Brazil and Indonesia. In Vietnam alone, India's pepper imports in March increased by 150% compared to February 2022, up 32% in the first 3 months of 2022 compared to the same period in 2021.
 
Lower production expectations supported the domestic pepper prices. As per current situations, AgriWatch expected India's pepper productions for 2021-22 likely to go down by 8 to 10% compared to last year. Last year (2020-21) India's Pepper production was 62,000 MT.