Pepper price today September 7, 2022 | Latest pepper price market

Pepper prices today, September 7, 2022, in the domestic market are still trading at 66,500 – 69,500 VND/kg. Yesterday, the world pepper market fluctuated in opposite directions. In the world market, Pepper prices today remained stable. Last week, the world pepper market fluctuated in opposite directions. Specifically, the export prices of white pepper and black pepper from Indonesia continued to increase, while in India they decreased slightly; other countries remained unchanged. In the early morning session, the USD continued to increase strongly after the US announced data on the service industry in August, reinforcing the view that the US economy was not in recession. Meanwhile, the Euro continued to slide away from parity with the greenback. The stronger USD continues to negatively affect the commodity market. Inflation has reduced consumer demand. For example, the cost of sending containers from China to the US has decreased by 60%. Even at the present time, which is usually the peak season for the manufacturing industry, freight rates are still falling due to the lack of excitement in the market. Global pepper consumption is also gradually decreasing in the last months of the year. According to experts, importing countries are selling off their inventories that they imported when prices were low, instead of buying new ones. On that basis, it can be said that there is no shortage of supply. The harvest in Brazil and Indonesia has just ended, and Vietnam will have a new harvest in a few months. The continuously supplemented supply will put great pressure on increasing pepper prices in the last months of the year. Previously, the World Pepper Community listed Vietnam’s black and white pepper export prices down by 100 USD/ton, equivalent to 3,450 USD/ton for 500g/l black pepper and 5,300 USD/ton for white pepper. The pepper market this week has been slowing down in recent days. Meanwhile, the impact of the USD continues to affect the pepper industry, including domestic pepper. #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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