Pepper price today November 13, 2022 | Latest pepper price market

Pepper prices today, November 13, continued to trend sideways. Last week, the market had many positive signals when pepper prices continuously adjusted up. The domestic pepper market last week had many positive signals when pepper prices continuously adjusted up from 2,500 – 3,000 VND/kg in key growing areas. In the world market, Lampung black pepper price remained at 3,640 USD/ton; Brazilian black pepper ASTA 570 was at 2,575 USD/ton. Indonesian Muntok white pepper price was at 5,891 USD/ton. Meanwhile, pepper prices remained stable in the remaining countries. Specifically, Brazilian black pepper ASTA 570: at 2,600 USD/ton, unchanged. Kuching black pepper (Malaysia) ASTA: at 5,100 USD/ton, unchanged. Malaysian ASTA white pepper: at 7,300 USD/ton, unchanged. In Vietnam, black pepper prices are at 3,250 – 3,350 USD/ton for 500 g/l and 550 g/l; white pepper prices are 4,850 USD/ton. The International Pepper Community commented that Indian pepper prices tend to increase this week, partly due to the Indian Rupee strengthening against the USD, recording an increase of 2%. Indonesian pepper prices were reported to be stable this week. This week recorded some positive signals for the market, notably the slight increase in pepper export figures in October 2022, especially the improvement in the Chinese market; followed by the decrease in the USD. According to the third quarter 2022 report of the world pepper industry, the decrease in pepper prices comes from the following factors: Increased interest rates to control inflation; tensions in Ukraine; The European energy crisis and the global credit crisis have made import costs higher as most domestic consumer currencies have depreciated. In addition, China’s persistent fight against the pandemic has eroded demand for pepper. After the harvests of Brazil and Indonesia, Vietnam’s inventories were unsold after China closed down, and demand from Western European countries and the United States decreased, causing the pepper industry to suffer. According to the International Pepper Community, global supply is expected to be safe as Brazil’s crop output and surplus reserves remain high. The organization advises buying and selling in batches instead of speculating excessively. As well as increasing promotion in other potential markets to offset excess inventories caused by China. In its latest message, the International Pepper Community said that the world will face a global recession in 2023. In that context, challenges are posed for all commodity industries, including 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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