Pepper price today November 9, 2022 | Latest pepper price market

Pepper prices today, November 9, have leveled off and remained stable after two sessions of strong increases. Currently, domestic pepper prices fluctuate around 58,500 – 62,000 VND/kg. In the world market, Lampung black pepper prices increased by 10 USD/ton to 3,642 USD/ton; Brazilian black pepper ASTA 570 is at 2,575 USD/ton. Indonesian Muntok white pepper prices are at 5,895 USD/ton, up 7 USD/ton. Meanwhile, pepper prices remain stable in other 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 white pepper ASTA: 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 at 4,850 USD/ton. According to experts, this could be a “virtual” signal of the market, due to speculation pumping up prices to sell goods. The big guys will sell goods when the coffee crop is being harvested and bank interest rates will increase. However, this is also a good time for those who still have pepper, to wait for a reasonable selling price to recover capital. In the medium term, world pepper prices are forecast to continue to decrease due to the strong increase in the USD when the FED continuously raises interest rates. This has pushed the USD back into the US, limiting pepper exports of many countries, including some countries such as Pakistan and Egypt, which have been major pepper export markets of Vietnam in recent years. The pressure of rising loan interest rates, following adjustments by many major central banks around the world due to rising global inflation, has forced consumers to tighten spending and investors to cut back on speculative portfolios. This has caused pepper prices to continuously fall and is forecast to last until the 2023 crop season. Ms. Hoang Thi Lien, Chairwoman of the Vietnam Pepper Association, said that the Chinese market is still a big unknown because after the Party Congress ended, there has been no sign of the country loosening its Zero COVID policy. “We do not yet have information on whether China is increasing pepper imports to serve the end of the year or not. Sometimes information like this is just a rumor. The Chinese market is currently very unpredictable,” Ms. Lien said. Ms. Lien said that businesses need to carefully observe the market because pepper, like other agricultural products, is currently affected by the global recession, high inflation, and many countries raising interest rates. #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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