Pepper price today November 18, 2022 | Latest pepper price market

Pepper prices today, November 18, in the world market continued to decrease. Meanwhile, domestic pepper prices remained at 58,000 – 61,500 VND/kg. In the world market, Pepper prices today continued to decrease in Indonesia and remained stable in other countries. Currently, the price of Lampung black pepper (Indonesia) decreased by 0.49% to 3,498 USD/ton. Meanwhile, the price of Kuching black pepper (Malaysia) ASTA remained at 5,100 USD/ton. And the price of Brazilian black pepper ASTA 570 remained at 2,575 USD/ton. In Vietnam alone, the price of 500g/l black pepper remained at 3,100 USD/ton; 550g/l black pepper remained at 3,200 USD/ton. For white pepper, the world pepper market also tends to decrease in Indonesia and remains stable in other countries. Accordingly, the price of Indonesian Muntok white pepper decreased by another 0.50% to 5,754 USD/ton. The price of Malaysian ASTA white pepper remains at 7,300 USD/ton. In the Vietnamese market, the International Pepper Community continues to list the price of white pepper at 4,550 USD/ton. According to the latest report of the Kampot Pepper Promotion Association (KPPA), Cambodia’s Kampot pepper exports in the third quarter of 2022 reached only 57 tons, down 50% compared to the same period last year – when it reached more than 100 tons. Mr. Nguon Lay – Chairman of the Kampot Pepper Promotion Association shared that due to the Russia-Ukraine conflict and the appreciation of the USD, the export of pepper with the Kampot geographical indication to the market has been affected. The amount of pepper in the international market has decreased seriously this year. The Kampot pepper market is in short supply, while the domestic tourist market has not recovered. Mr. Lay also added that pepper exports have decreased partly due to the impact of the weakening of the euro, causing damage to exporters and forcing them to delay purchases from farmers. The domestic pepper market remains stable and has been flat for the fourth consecutive session, despite the continuous fluctuations in the world market. According to data from the General Department of Vietnam Customs, the average export price of pepper in October 2022 in our country reached 3,785 USD/ton, down 7.66% compared to the average export price in September 2022. Experts say that the expectation that China and traditional markets will soon increase purchases again for the upcoming winter and New Year 2023 consumption needs will support price increases. Meanwhile, it is speculated that the new crop output in the Central Highlands and the Southeast region will continue to decrease by more than 10% compared to the previous crop. The reason is that many farmers have drastically cut pepper acreage or intercropped with many other crops, especially durian, which has an attractive price. Note that the pepper harvest will begin right after the end of this year’s coffee crop. #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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