Pepper price today October 9, 2022 | Latest pepper price market

Pepper prices today, October 9, in the domestic market remained stable compared to yesterday. Last week, domestic pepper prices decreased by VND2,000/kg, while world prices decreased by USD500/ton. Currently, the domestic pepper market is showing signs of massive dumping when it is approaching VND60,000/kg. This is an important level, exceeding the resistance and tolerance of many people. Farmers are forced to sell to cut losses when they have bought pepper from the beginning of the season. Meanwhile, capital to buy new crop products is near, plus year-end spending needs. In this situation, experts advise people not to sell massively according to the market, to avoid pepper prices falling deeper than necessary. Along with the decline in the domestic market, the International Pepper Community said that this week the market has a rather negative outlook, with no country reporting increases. Indian pepper prices have been on a downward trend for the past 3 weeks. Meanwhile, after 2 weeks of a downward trend, Indonesian pepper prices have stabilized this week as some exporters have returned to purchasing. According to experts, pepper exports have been weak for many months due to falling demand in many countries, especially China. The strong US dollar is holding back exports. The situation from now until the end of the year is not very optimistic, as the largest pepper producing country, Vietnam, is about to enter the harvest season. Pepper is forecast to face many difficulties in the coming time due to the impact of political tensions in Eastern Europe and China’s “Zezo Covid” policy. In addition, many countries in the world, including Vietnam, are about to enter a new harvest season with the expectation of achieving better yields than last year’s harvest, so exporters are boosting sales to prepare for the new season. #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