Pepper price today October 27, 2022 | Latest pepper price market

Pepper prices today, October 27, 2022, in the world increased slightly. Domestically, pepper prices remained unchanged, continuing to be purchased around 56,500 – 59,000 VND/kg. In the world market, Pepper prices today in Indonesia tend to increase slightly compared to yesterday. Accordingly, the price of Lampung black pepper (Indonesia) is increasing slightly by 0.14%, to 3,665 USD/ton. Meanwhile, the price of Kuching black pepper (Malaysia) ASTA continues to hold at 5,100 USD/ton. And the price of Brazilian black pepper ASTA 570 is still anchored at 2,600 USD/ton. For white pepper, the world pepper market also increased slightly in Indonesia. Accordingly, the price of Indonesian Muntok white pepper increased by 0.12%, to 5,931 USD/ton. Meanwhile, the price of Malaysian ASTA white pepper remained at 7,300 USD/ton. In September, Brazil’s pepper exports to major markets increased compared to August, including: Vietnam reached 2,246 tons, up 52.7%, UAE increased 35.7%, Morocco increased 72.7%, especially Germany increased more than 7 times, … Accumulated in the first 9 months of the year, Vietnam – the world’s largest pepper producer and exporter, imported 12,997 tons of pepper from Brazil with a value of 4.9 million USD, up 2.7 times in volume and 3.8 times in value compared to the same period last year. This is also the largest amount of pepper that Vietnam has imported from Brazil so far. Thereby, making Vietnam the largest pepper importer from Brazil in the first 9 months of this year, accounting for 22% of the country’s pepper export market share compared to 8% in the same period last year. Currently, Brazil’s biggest obstacle is still the presence of Salmonella bacteria on pepper. This makes it difficult for Brazil to expand its market share in markets with high quality requirements such as the EU or the US. Pressure at the beginning of the new crop and abundant reserves are putting downward pressure on the domestic coffee market. Since the beginning of this week, the USD exchange rate has been on a downward trend, but the prices of agricultural export products, including coffee and pepper, have not benefited, and have even decreased. On forums for Vietnamese pepper growers, pessimism is prevailing. Most opinions say that the market could fall to 50,000 VND/kg when the harvest season begins. The only sudden factor supporting the market can come from China increasing imports to meet consumer demand at the end 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

source