Pepper price today August 29, 2022 | Latest pepper price market

Pepper prices today, August 29, 2022, in the domestic market are trading at 66,500 – 70,000 VND/kg. Last week, the domestic pepper market dropped sharply by 1,500 VND/kg. In the world market, Pepper prices today remain stable. Currently, the pepper harvest in Indonesia and China is gradually ending. According to assessments, Lampung’s black pepper output is similar to last year, while Muntok’s white pepper output is expected to be 15% lower. In September, the harvest in Brazil will peak with an expected yield equivalent to last year. Therefore, traders are pushing to sell Brazilian inventory to prepare for the new crop. In fact, in recent months, the amount of Brazilian pepper sold to the market has increased, and in more markets at low prices. Along with reasonable logistical prices, Brazilian pepper is dominating many markets, especially in the Americas. According to Nedspice, this has pushed the market down 12% compared to last month and 15% compared to last year. After a long period of inactivity, Chinese traders have also returned to purchasing in Vietnam and Indonesia. However, purchasing power is still limited and demand from other regions such as the US and EU has not increased. Last week, the domestic pepper market fell sharply, down to 1,500 VND/kg. The reason for this sharp decline is due to the impact of the strong increase in USD, reduced consumption demand; and especially due to pressure from the increase in coffee prices, investors focused money on collecting this item. #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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