Pepper price today August 3, 2022 | Latest pepper price market

Pepper prices today, August 3, 2022, in the domestic market, there were no new fluctuations, continuing to maintain at 70,500 – 74,000 VND/kg. Last week, Indian pepper prices gradually stabilized. In the world market, Pepper prices today fluctuated little. Last week, the world pepper market was more stable. Specifically, Indian pepper prices gradually stabilized last week after 2 weeks of decline. Meanwhile, Indonesian pepper prices increased due to high reserves from farmers. According to forecasts, the Indonesian pepper market continued to have a poor harvest compared to 2021 and the supply to the market was not much for both black and white pepper. Meanwhile, in the Malaysian market, domestic pepper prices were stable and unchanged for more than 2 months. Pepper prices from Brazil continued to increase and the quantity offered to the market was not much. Last week, Brazilian pepper prices increased by 2 – 3%. Sri Lankan pepper prices also increased. According to the Vietnam Pepper Association, India’s 2022 harvest output is expected to reach 55,000 tons, down 10,000 tons compared to 2021. The total global pepper supply in 2022 is estimated at 535,000 tons, down nearly 3% compared to 2021, and the decrease mainly comes from Vietnam and India. According to the Vietnam Pepper Association, Vietnam’s pepper output in 2022 will reach 175,000 tons, down 10% compared to 2021 because many pepper gardens in key provinces are infected with pests and diseases and die due to incorrect farming methods, excessive fertilizers and pesticides, and increased productivity. At the same time, domestic pepper prices were low in the 2019-2020 period, so people did not take care of them, leading to pepper gardens being exhausted and wiped out, and input material costs increasing (fertilizers, pesticides, labor, gasoline, etc.). Experts and traders warn that the biggest difficulty facing the Vietnamese pepper industry today is the increasing problem of pesticide residues. #pepper #hotpepper #news #agriculture #nhanong #mientay #taynguyen #pepper #pepper price today #pepper price #pepper today #pepper price udaklak #pepper price ubinhphuoc #pepper price dongnai #the latest pepper price

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