Vietnam: Notable pepper market information on November 4, 2021

Published 2021년 11월 4일

Tridge summary

The domestic market has seen a decrease in pepper prices, with a drop of 500 - 1,000 VND to 85,000 - 87,500 VND/kg. Despite a decrease in export volume, the export value of pepper increased significantly year-on-year, driven by a high export price. The global black pepper market is projected to grow at a CAGR of 5% from 2020-2026, reaching $5.5 billion in size. In contrast, cocoa futures for March 2022 closed at $2,473 USD/ton, marking a 1.4% decrease, due to concerns about abundant supply. Meanwhile, Mondelez has increased its annual revenue forecast due to rising prices and strong demand from emerging markets.

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

Original content

Pepper The price of pepper in the domestic market decreased further by 500 - 1,000 VND to 85,000 - 87,500 VND/kg. The highest price in Ba Ria - Vung Tau is moving away from the mark of 90,000 VND/kg. According to preliminary data reported by the General Department of Vietnam Customs, pepper exports in September 2021 reached 15,336 tons of all kinds of pepper, down 2,300 tons, or 13.04 percent lower than the previous month and down 2,916 tons. , which is a decrease of 19.12% over the same period last year. The export value of pepper in the month reached 61.84 million USD, down 4.64 million USD, or 19.12% lower than the previous month but increased 16.15 million USD, or 35.36 % higher than the previous month. with the same period last year. Export price of pepper in the first 10 months of 2021 increased by 71.3%, reaching 3,434.2 USD/ton. Thanks to the skyrocketing export price of pepper, although the export volume decreased by 5.7%, the export value of pepper still increased by ...

Source: Vinanet