Pepper price today November 17, 2022 | Latest pepper price market

Pepper prices today, November 17, in the domestic market continued to move sideways for the third consecutive session. Currently, domestic pepper prices fluctuate around 58,000 – 61,500 VND/kg. In the world market, Pepper prices today, November 17, are falling sharply compared to yesterday. Currently, the price of Lampung black pepper (Indonesia) decreased by 15 USD/ton to 3,525 USD/ton. Meanwhile, the price of Kuching black pepper (Malaysia) ASTA remains at 5,100 USD/ton. And the price of Brazilian black pepper ASTA 570 is anchored at 2,575 USD/ton. For white pepper, the price of Indonesian Muntok white pepper remains at 5,824 USD/ton. Meanwhile, the price of Malaysian white pepper ASTA remains at 7,300 USD/ton. In Vietnam, black pepper prices are at 3,250 – 3,350 USD/ton for 500 g/l and 550 g/l; white pepper prices are 4,850 USD/ton. Our country’s pepper output decreased by 17% in 2020, reaching 240 thousand tons. Of which, Gia Lai, Dak Lak and Binh Phuoc provinces recorded the highest decrease. There is no sign of stopping as Vietnam’s pepper output continued to decrease by 25% in 2021 compared to 2020 and is estimated to reach 175 thousand tons in 2022. According to predictions, the global economy may worsen in the coming time. Farmers will face more challenges when continuing to invest in pepper cultivation. This makes it increasingly difficult for farmers to invest, care for and maintain pepper gardens. The scenario will get worse, especially with unpredictable climate change and pest and disease problems. In addition, increasingly stringent regulations in important markets also lead to trade barriers. In response to this situation, the Vietnam Pepper Association said that currently, a number of mechanisms have been implemented to mitigate these problems, such as through the establishment of farming contracts and the establishment of free MRL standards to meet market demand. At the same time, businesses are encouraged to cooperate closely or link with cooperatives and farmer groups to ensure pepper production meets market demand. #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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