Pepper price today October 22, 2022 | Latest pepper price market

Pepper prices today, October 22, 2022, in the domestic market continued to decrease by another 500 VND/kg. Currently, domestic pepper prices are priced at 57,000 – 59,500 VND/kg. In the world market, Pepper prices today, October 22, continued to decrease compared to yesterday. This week’s world pepper prices were assessed by the International Pepper Community to continue to be negative, as no country reported an increase in the past 3 weeks. After reporting a downward trend in the past 4 weeks, Indian pepper prices stabilized this week. Meanwhile, the weakening of the Indonesian Rupiah against the US has caused the country’s pepper export prices to continuously decrease. Specifically, the price of Lampung black pepper (Indonesia) decreased by 0.22% compared to yesterday, to 3,661 USD/ton. Meanwhile, the price of Kuching (Malaysia) black pepper ASTA continued to hold at 5,100 USD/ton. The price of Brazilian black pepper ASTA 570 remained at 2,600 USD/ton. For white pepper, the pepper market in Indonesia is also decreasing slightly. Accordingly, the price of Indonesian Muntok white pepper decreased by 0.20% to 5,926 USD/ton. Meanwhile, the price of Malaysian white pepper ASTA remained at 7,300 USD/ton. The pepper market continues to be under pressure from the USD, which is still at a record high, and the new crop harvest from Vietnam, while world demand has not shown signs of improvement by the end of the year. India is considered a bright spot in the gloomy picture of the global pepper market. Since last year, the country’s pepper imports have maintained double-digit growth. Data from the Indian Ministry of Commerce shows that India imported 37,839 tons of pepper in 2021, up 38% compared to 2020. This trend continued in the first 8 months of this year with a volume of 32,365 tons, up 23.1% over the same period and almost equal to the whole of 2021. The main pepper suppliers to India include Vietnam, Sri Lanka, Brazil and the UAE. According to the Vietnam Pepper Association, our country’s pepper exports in the first 16 days of October 2022 reached 7,158 tons, with an export turnover of 27.2 million USD. Olam, Pearl, XNK Logistics, and Phuc Sinh are major exporters in the month. China, Singapore, the US, and Hong Kong are the main import markets in the first 16 days of October 2022. The above figures show a positive signal, when in the first half of September 2022, exports reached 5,983 tons of pepper of all kinds, with a turnover value of 23.87 million USD; in the first half of August 2022, exports reached 7,469 tons of pepper of all kinds, with a turnover value of 29.89 million USD. However, compared to last year, the above figure is still low, and did not meet market expectations. It should be remembered that in the first 15 days of October 2021, Vietnam exported 8,049 tons, with a turnover of 34.23 million USD. Regarding pepper imports, Vietnam imported 1,376 tons of pepper in the first 16 days of October 2022. Of which, black pepper reached 1,296 tons, white pepper reached 80 tons. The total import turnover reached 4.9 million USD. Vietnam imported pepper mainly from Brazil, reaching 999 tons. Major importing enterprises: Vietnam Spices, Olam, Haprosimex JSC… #pepper #pepper #news #agriculture #nhanong #mientay #taynguyen #pepper #pepper price today #pepper price #pepper price today #udaklak pepper price #ubinhphuoc pepper price #dongnai pepper price #moistest pepper price today #moistest pepper price #vungtau pepper price #gialai pepper price #udaknong pepper price

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