Pepper price today September 12, 2022 | Latest pepper price market

Pepper prices today, September 12, have not fluctuated compared to yesterday. Pepper prices are still being negatively affected by the strong USD and weak exports globally. Currently, pepper prices remain stable and have not fluctuated compared to yesterday. Pepper prices are still being negatively affected by the strong USD and weak exports globally. In the world market, this week there were mixed reactions with only Vietnam reporting a decrease, while Indian pepper prices were stable. After being reported stable for the past 3 weeks, Indonesian pepper prices have reacted positively this week as inventories have decreased and demand has increased. During the week, the World Pepper Community listed Vietnam’s black pepper price down 100 USD/ton, equivalent to 3,350 USD/ton for 500g/l black pepper, while white pepper exports remained unchanged at 5,300 USD/ton. Also this week, the Vietnam Pepper Association 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 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, pepper exports to China are still very difficult in the context of complicated epidemic developments. 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

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