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

Pepper prices today, October 17, 2022, domestically and internationally remain stable. Currently, domestic pepper prices continue to be purchased around 59,500 – 62,000 VND/kg. In the world market, Pepper prices today have no new fluctuations compared to yesterday. The world black pepper commodity continuously decreased slightly last week, but stabilized again in today’s session. Accordingly, the price of Lampung black pepper (Indonesia) remained at 3,714 USD/ton. Meanwhile, the price of Kuching black pepper (Malaysia) ASTA was at 5,100 USD/ton. The price of Brazilian black pepper ASTA 570 was anchored at 2,600 USD/ton. For white pepper, the world market is also moving sideways. Specifically, the price of Indonesian Muntok white pepper was anchored at 6,011 USD/ton. Meanwhile, the price of Malaysian white pepper ASTA remained at USD 7,300/ton. The black pepper market is directly influenced by the processed food industry. The increase in consumption of bakery products, confectionery, ready-to-eat foods and fried foods in developed economies is driving the spice market. In addition, the trend of using natural flavor enhancers has been increasing in recent times. During the period 2013 – 2015, global pepper consumption reached about 400,000 tons and is on a steady increase every year. The increasing demand from Far Eastern countries, which have started using more pepper in cooking, has played an important role in driving the global black pepper market. In addition, the growth in the cosmetics industry is also directly influencing the pepper market. Due to its high antioxidant and antibacterial properties, black pepper is often included in the ingredients of skin care products. The black pepper market is witnessing a huge year-on-year increase in demand. Unfortunately, this demand is not supported by adequate supply, which is considered a major constraint in the market at present. This is mainly due to poor intensive cropping in many parts of the world, especially in India and Brazil. Sudden weather changes and untimely rainfall have led to a significant decline in black pepper production. The domestic pepper market is stagnant in today’s trading session. Domestic pepper prices have fallen sharply in the past week. #pepper #pepper #news #agriculture #nhanong #mientay #taynguyen #pepper #pepper price today #pepper price #pepper today #pepper price daklak #ubinhphuoc pepper #dongnai pepper #the freshest pepper price today #the freshest pepper price #vungtau pepper #gialai pepper #udaknong pepper pepper price today October 17, 2022, pepper price today October 17, 2022, pepper price today October 17, 2022

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