Pepper price today September 11, 2022 | Latest pepper price market

Pepper prices today, September 11, 2022, in the domestic market remained at 66,500 – 69,500 VND/kg. This week, the domestic pepper market decreased by 500 – 1,000 VND/kg. The domestic pepper market this week continued to be negatively affected by the strong USD and weak exports globally. Compared to last week, domestic pepper prices decreased slightly by 500 VND/kg in most localities, and decreased by 1,000 VND/kg in Binh Phuoc. During the week, the World Pepper Community listed Vietnam’s black pepper price down 100 USD/ton, equivalent to 3,350 USD/ton of 500g/l black pepper, while white pepper exports remained at 5,300 USD/ton. This week, the Vietnam Pepper Association also officially announced import-export statistics for August 2022 and the first 8 months of the year. Accordingly, both exports and imports decreased. China’s insignificant increase in purchases has negatively affected the market. In August 2022, China’s pepper imports from Vietnam increased by 133% compared to the previous month, reaching 2,859 tons. However, in the first 8 months of the year, it decreased by 72.6%, to 9,695 tons compared to the import volume of 35,444 tons in the same period. According to experts, the export situation to China is still very difficult in the context of the complicated epidemic. Compared to previous years, this country still imported 30,000 tons of pepper from Vietnam for the last months of the year. At the end of this month, the Fed will continue to meet, and it is likely to continue to increase USD interest rates to control inflation. In the above context, experts believe that the pepper market will continue to be negative until the end of the year. The only bright spot is expected to be the opening of the Chinese market. On the global level, the strongest USD in 20 years is holding back commodity prices in general and pepper in particular. #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

source