Pepper price today September 18, 2022 | Latest pepper price market

Pepper price today, September 18, 2022, in the country remains at 64,500 – 67,500 VND/kg. This week, the domestic pepper market decreased by 500 – 1,500 VND/kg. In the world market, pepper price today remained stable. This week, the world pepper market fluctuated in opposite directions. Specifically, pepper price in Malaysia was reported to increase. Meanwhile, pepper price in India continued to be reported to be stable. Indonesian pepper price was stable this week, export volume was lower due to lower inventory. Weak consumption demand is still a factor holding back the recovery of pepper prices in the following months. Especially in the two European and American markets. The commodity market in general, pepper in particular, is disappointing and raises concerns that the Fed will aggressively raise interest rates at the executive meeting next week, September 20-21. Many leading economists have said that the simultaneous increase in basic currency interest rates around the world will contribute to making the global economic recession even worse. Assessing the decline over the past month, the Vietnam Pepper Association said the reason was the Vietnamese Dong’s decline against the USD. Nedspice recently pegged global pepper output at 509,000 tons in 2022. The company assessed that Vietnam’s pepper output is estimated to decrease by more than 6% to 188,000 tons. The crop failure in Vietnam due to unfavorable weather is expected to balance the crop in other pepper producing countries. Nedspice also added that the potential slowdown in demand due to sufficient reserves in consuming countries could also offset the lower crop in Vietnam. Therefore, the pepper market is very fragile and prices may fluctuate. #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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