Notable pepper, sugar, and cocoa market information in Vietnam on November 2, 2021

Published 2021년 11월 2일

Tridge summary

Domestic pepper prices in Vietnam are stable around 86,500 - 89,500 VND/kg, with Ba Ria - Vung Tau having the highest transactions. The export structure of pepper has shifted, with a decrease in volume but increase in value in black and white pepper, and a significant increase in the volume and value of ground black and white pepper. However, the industry faces challenges such as increased shipping freight rates and the cost of remanufactured input materials. Thai 45 ICUMSA white sugar closed at $509.1/ton, down 0.72% from the previous session, and cocoa futures in March 2022 on the New York Stock Exchange gained 0.9%, while on the London Exchange, they fell 0.2% due to abundant supply.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Pepper Pepper prices in the domestic market are flat around 86,500 - 89,500 VND/kg. The lowest price in Gia Lai and Dong Nai, while Ba Ria - Vung Tau is still the locality with the highest pepper transaction in the country. Vietnam's pepper has a strong shift in the structure of export products in 2021. Exports of black pepper and white pepper decreased in volume, but increased sharply in value, while exports of ground black pepper and ground white pepper increased sharply in both volume and value over the same period last year. According to experts, the pepper industry still faces certain difficulties and challenges. The freight rates for shipping to Middle East countries, Europe, America... increased many times compared to before. In addition, the cost of remanufactured input materials such as fertilizer and gasoline is still increasing, affecting the production and purchasing process. This makes people very wary of taking care of and developing the area of pepper trees even ...

Source: Vinanet