Pepper price today October 7, 2022 | Latest pepper price market

Pepper prices today, October 7, in the domestic market were adjusted down by 500 VND/kg in Binh Phuoc. The market is trading slowly. In the world market, the International Pepper Community has listed a slight increase in Indonesia’s pepper export prices, keeping other countries unchanged. In the past week, this organization has twice sharply adjusted down the export prices of black and white pepper from Vietnam. Most countries’ currencies are still in a state of weakening against the USD, which is the main reason for the continuous decrease in pepper export prices. The positive point is that Sri Lankan pepper prices have continuously increased in recent weeks. However, according to experts, this is not necessarily a good sign. Because the market has dropped quite deeply when this country went bankrupt in the second quarter of this year. According to the Ministry of Agriculture and Rural Development, in the first 9 months of the year, the export value is estimated at about 40.8 billion USD, up 15% over the same period in 2021 and achieving 81% of the target assigned by the Government. The Ministry of Agriculture and Rural Development forecasts that the total export turnover of agricultural, forestry and fishery products in 2022 will reach 55 billion USD, exceeding the plan by 5 billion USD. Of which, pepper products will reach 774 million USD, up 8.3% over the same period in 2021. In the current situation, without a strong acceleration from the Chinese market, the export milestone of 1 billion USD of this industry will be difficult to achieve this year. Current opinions show that the future of pepper is not very bright until the end of the year, in the context of the Fed and central banks of other countries raising interest rates. #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

source