Vietnam Pepper Scenario
Published on: Nov 22 2022, 02:29
Vietnam Pepper prices as on 22nd November remained flat in key provinces in the country. As noted, the domestic market is buying pepper in the range of 58,000 - 61,500 VND/kg. In which, the lowest price of 58,000 VND/kg was recorded in Gia Lai province. In Dong Nai with the price of 58,500 VND/kg. The two provinces of Dak Lak and Dak Nong are purchasing pepper at a common price of 59,500 VND/kg. Similarly, pepper prices today in Binh Phuoc and Ba Ria - Vung Tau were also stable at 60,500 VND/kg and 61,500 VND/kg, respectively.
According to the International Pepper Association (IPC) on November 21 (local time), world pepper prices compared to November 18 are as follows:
– Lampung black pepper (Indonesia): at 3,784 USD/ton, up 3.75%
– Brazilian black pepper ASTA 570: at $2,575/ton, unchanged
– Kuching black pepper (Malaysia) ASTA: at 5,100 USD/ton, unchanged
– Muntok white pepper: at 5,960 USD/ton, up 1.09%
– Malaysian white pepper ASTA: at $7,300/ton, unchanged
According to data in September, the total amount of pepper imported from Sri Lanka reached 2,882 tons. Currently, the Indian market is seeing weak demand after the festive season. Particularly, the demand for green pepper to use as pickles is currently quite popular. This pepper is being sold for 130 rupees/kg.
There is concern that this year's pepper production is likely to decrease by about 20% due to erratic climate conditions. However, the fact is that pepper this year ripens faster than the previous two crops due to more favorable weather – compared to the rainy season two years ago.
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