Notable pepper, sugar and cocoa market information on 11/22/2021 in Vietnam

Published 2021년 11월 22일

Tridge summary

The article provides an overview of the current market situation and price fluctuations of key agricultural commodities such as pepper, sugar, and cocoa. It highlights the variation in pepper prices across Vietnam, with expectations of further increases due to increased demand from the US and reduced supply in India. The global black pepper market is forecasted to see steady growth, driven by increased spending on food and rising disposable income in developing countries. In Thailand, the price of white sugar has seen minor fluctuations. Meanwhile, cocoa futures have seen a recent drop due to the Covid-19 pandemic's impact on global demand, but analysts expect prices to rise as demand recovers. Ivory Coast's cocoa exports have remained resilient, showing a slight increase year over year as of September 2021.

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 trades around 81,500 - 84,000 VND/kg. The highest price in Ba Ria - Vung Tau, the lowest in Gia Lai. About 3 months from now, the pepper harvest will take place. IPC information that the US has gradually booked pepper orders for the last months of 2022, the purchasing power of China market slows down while Europe is hesitant to import. Forecast of purchasing power from the Middle East market is also weak. Pepper prices in India have started to rise and are at their highest level in three years, as severe weather and uneven planting season reduced supply in the current crop year (October 2021 - September 9). 2022). This has brought joy to the farmers as all prices are set to soon touch 500 rupees/kg for unclassified varieties. According to a report by Fior Markets, the global black pepper market is expected to grow from $3.903 billion in 2020 to over $5.99 billion by 2028, at a CAGR of 5.5% during the forecast period 2021. ...

Source: Vinanet