Pepper price today September 10, 2022 | Latest pepper price market

Pepper prices today, September 10, in the domestic market remained stable. Currently, pepper prices fluctuate around 66,000 – 69,000 VND/kg. In the world market, Vietnamese pepper is losing market share because Brazil and Indonesia have competitive prices and cheaper freight rates. Meanwhile, some pepper exporting enterprises to Egypt and Pakistan are facing difficulties due to stuck goods at ports. Domestically, businesses’ difficulty in accessing bank loans is also a major barrier to export development. According to the Vietnam Pepper Association, in August 2022, Vietnam exported 16,500 tons of pepper, with a turnover of 66 million USD. In the first 8 months, Vietnam exported 162,000 tons, with a turnover of 739 million USD, compared to the same period, the export volume decreased by 19% but the turnover increased by 11.1%. Since early August 2022, the European, American and Middle Eastern markets have shown signs of shifting supply to Brazil to buy new crops due to lower logistics costs and prices. European and American importers have signed contracts with Vietnamese exporters until the end of this year. Meanwhile, purchasing power from the Chinese market is weak. Therefore, pepper prices in the domestic market are unlikely to increase again in the short term. The global pepper market is forecast to be under pressure due to geopolitical tensions in Eastern Europe and China’s “Zezo Covid” policy. Currently, the pepper harvest in Indonesia and China is almost over. Indonesia’s black pepper output is equivalent to 2021, but white pepper output is expected to be about 15% lower. In September, the pepper harvest in Brazil will peak, with expected yields similar to last year. Brazilian exporters are pushing to sell off inventory to prepare for the new crop. In fact, in recent months, more Brazilian pepper has been sold on the market. Meanwhile, according to a survey by Vietnam Pepper, pepper output in 2023 is estimated to increase by 15% compared to 2022, reaching 210,000 tons. #pepper #pepper #news #agriculture #nhanong #mientay #taynguyen #pepper #pepper price today #pepper price #pepper today #udaklak pepper price #ubinhphuoc pepper price #dongnai pepper price #freshest pepper price today #freshest pepper price #vungtau pepper price #gialai pepper price #udaknong pepper price

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