Pepper price today November 7, 2022 | Latest pepper price market

Pepper prices today, November 7, increased by 500 – 1,000 VND/kg. Currently, domestic pepper prices have regained the 60,000 VND/kg mark. In the world market, Lampung black pepper prices are stable at 3,645 USD/ton; Brazilian black pepper ASTA 570 is still 2,575 USD/ton. Indonesian Muntok white pepper prices are at 5,899 USD/ton. Meanwhile, pepper prices remain stable in the remaining countries. Specifically, Brazilian black pepper ASTA 570: at 2,600 USD/ton, unchanged. Kuching black pepper (Malaysia) ASTA: at 5,100 USD/ton, unchanged. Malaysian white pepper ASTA: at 7,300 USD/ton, unchanged. 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 at 4,850 USD/ton. Increased supply pressure at the beginning of the new crop and abundant reserves are putting pressure on the Vietnamese pepper market. The sharp increase in the USD/VND exchange rate has prompted growers to increase sales. Global pepper prices are forecast to fluctuate in a downward trend in the coming time. Vietnam is entering the peak harvest season, while global consumption demand is low. However, the market still shows optimistic signs as China increases imports to meet year-end consumption demand. Domestic pepper prices in Malaysia continued to decrease from the second week of October. Meanwhile, Malaysian pepper prices traded on the international market continued to be stable and unchanged. Only Vietnamese pepper prices traded on the international market increased by 100 USD/ton. Meanwhile, other types are stable and unchanged. The export situation at the end of October 2022 and the beginning of November showed signs of improvement, although not as expected. The report of higher-than-expected October employment data and the upward adjustment of September employment data by the US Department of Labor caused the USDX to fall sharply and the market to become optimistic again. This is positive information that helps the market recover slightly. According to the Vietnam Pepper Association, since the beginning of the year, pepper exports to most key markets have decreased, typically the US market, the European Union (EU), Asian countries, etc. The reason for the above situation is that inflation in the world market has increased, all consumer behaviors have been adjusted, causing import output to decrease. #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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