Pepper price today October 12, 2022 | Latest pepper price market

Pepper prices today, October 12, remained stable after a sharp decrease. Currently, domestic pepper prices fluctuate around 60,000 – 62,500 VND/kg. In the world market, the World Pepper Community maintains the same price for pepper exports from other countries. Accordingly, Lampung black pepper (Indonesia) is at 3,736 USD/ton. Muntok white pepper is 6,046 USD/ton. Brazilian black pepper is stable at 2,550 USD/ton; black pepper (Malaysia) is 5,100 USD/ton; Malaysian white pepper is 7,300 USD/ton. Vietnamese black pepper 500g/l is 3,250 USD/ton; black pepper 550g/l is 3,350 USD/ton. White pepper is 4,850 USD/ton. Amidst the impact of the COVID-19 pandemic, the global black pepper market size was estimated to be worth USD 3,159 million in 2021. The market is forecast to revise its size to USD 4,184.2 million by 2028, growing at a CAGR of 4.1% during 2022-2028. The US, China, Germany, Japan, and South Korea are the notable markets during the forecast period. The black pepper market is directly influenced by the growing processed food industry. The increasing consumption of bakery products, confectionery, ready-to-eat foods, and fried foods in developed economies is driving the spice market. In parallel, the recent trend of using natural flavor enhancers has also boosted the growth of the global black pepper market. Preliminary statistics from the Vietnam Pepper Association (VPA) show that in September 2022, Vietnam imported 1,708 tons, of which black pepper reached 1,647 tons and white pepper reached 61 tons. Compared to August, the import volume decreased by 21.2%, equivalent to 459 tons. Accumulated from the beginning of the year to the end of September 2022, Vietnam imported 29,625 tons, of which black pepper reached 25,940 tons and white pepper reached 3,685 tons. Compared to the same period last year, the import volume increased by 42.5%, equivalent to 8,835 tons. According to experts, up to this point, the pepper reserves in the country have increased quite high, up to 100,000 tons. In the current context, especially when the harvest is coming, with such reserves, it will be difficult for the pepper market to return to the price level at the beginning of the year. #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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