Pepper price today October 30, 2022 | Latest pepper price market

Pepper price today October 30, 2022 continues to be purchased around 56,000 – 59,000 VND/kg. The domestic pepper market this week is slightly decreasing by 500 – 1,000 VND/kg. In the world market, pepper price today has no new fluctuations compared to yesterday. Currently, the price of Lampung black pepper (Indonesia) remains at 3,677 USD/ton. The price of Kuching black pepper (Malaysia) ASTA is at 5,100 USD/ton. The price of Brazilian black pepper ASTA 570 is still anchored at 2,600 USD/ton. For white pepper, the world pepper market is also moving sideways. Accordingly, the price of Indonesian Muntok white pepper remains at 5,952 USD/ton. The price of Malaysian white pepper ASTA remains at 7,300 USD/ton. This week, the global pepper market continued to show a rather negative outlook. No country has reported an increase since the beginning of October as India, Malaysia and Sri Lanka celebrated Diwali this week. The emergence of a new global crisis due to the prolonged conflict between Russia and Ukraine has caused pepper prices to plummet and caused losses to pepper growers in Cambodia. Mr. Vorn Savoeun, a pepper farmer in Memot district, Tbong Khmum province, said that before the conflict between Russia and Ukraine, pepper prices increased from 15,000 riel/kg to 17,000 riel/kg at the end of 2021. Therefore, people started to tend to grow pepper again. However, since the conflict, pepper prices have dropped to 12,000 riel/kg, making the situation more difficult, reducing the income of pepper growers. This year’s pepper harvest in Cambodia took place earlier than last year due to sufficient rain, so the crop is relatively good. For now, the only concern is that the market price is too low. In the first 8 months of the year, Cambodia exported a total of 7,335 tons of pepper, down 70% over the same period last year. Of which, Vietnam is the largest export market with 6,467 tons. In addition, Cambodia also exports pepper to the European Union, the US and other ASEAN and Asian countries. This week’s summary shows that domestic pepper prices are slightly decreasing by 500 VND/kg in Ba Ria – Vung Tau, and decreasing by 1,000 VND/kg in other regions. Commenting on the pepper market in November 2022, experts all said that there are still difficulties and the downward trend to 55,000 VND/kg is very clear. Because the Fed will meet in November 2022 and the possibility of further increases in monetary interest rates is very high. This will cause the USD to increase and put more pressure on pepper prices. In addition, the pressure at the beginning of the new crop and the abundant reserves are putting downward pressure on the market. Cash flow continues to show a shift to coffee as this commodity is entering the new harvest season. The only sudden factor supporting the pepper market at this time can only come from China increasing imports to meet consumer demand at the end of the year. #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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