Pepper price today September 25, 2022 | Latest pepper price market

Pepper prices today, September 25, in the domestic market did not fluctuate. Last week, pepper prices decreased by 1,000 VND/kg in key growing areas. Last week, pepper prices continuously plummeted, decreasing by 1,000 VND/kg compared to the beginning of the week in key growing areas. The reason is that world demand has not improved, competitive pressure has increased when Brazil deeply lowered pepper prices to liquidate old crop goods. Along with that, the coffee crop is coming, so some agents need to sell pepper to buy coffee, Chinese buyers stopped buying and delayed delivery time, the USD continued to strengthen, also strongly affecting domestic pepper prices in recent times. In the world market, Pepper prices today remained stable. Last week, the world pepper market fluctuated in opposite directions. Only pepper prices in Sri Lanka were reported to increase, while other countries remained stable. After being reported stable for the past 2 weeks, Indian pepper prices reacted negatively this week due to the weakening of the Indian Rupee. According to the update from the International Pepper Community (IPC) on September 23 (local time), Lampung black pepper (Indonesia): at 3,877 USD/ton, down 0.4% compared to the beginning of the week; Indian black pepper ASTA: 6,406 USD/ton, down 1.6%. Meanwhile, Brazilian black pepper ASTA 570 remained stable at 2,750 USD/ton; Kuching black pepper (Malaysia) ASTA remained at 5,900 USD/ton; Vietnamese black pepper 500g/l package: 3,350 USD/ton, unchanged. The USD continued to strengthen and hit a new peak, the highest in the past 22 years amid growing concerns of an economic recession. The Fed and central banks around the world are choosing to raise interest rates to curb inflation. And this continues to have a negative impact on the pepper market. In September 2022, domestic pepper prices in Vietnam fell sharply due to difficulties in output. Brazil is entering the pepper harvest season, and export prices are more competitive than Vietnam’s selling prices by about 200 – 300 USD/ton. It is forecasted that domestic pepper prices in Vietnam will fluctuate in a downward trend in the context of low global demand. #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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