Vietnamese notable pepper, sugar and cocoa market information on December 2, 2021

Published 2021년 12월 2일

Tridge summary

The article reports on the fluctuations in the prices and market trends of various agricultural commodities in Vietnam and global markets. In Vietnam, the price of pepper has seen an increase of 500 - 1,000 VND, with the highest price in Ba Ria - Vung Tau and the lowest in Gia Li. The pepper exports in the first half of November 2021 reached 8,248 tons with a turnover of 37.21 million USD, marking the highest export level in 10.5 months.

Conversely, Thailand's 45 ICUMSA white sugar experienced a decrease in price, closing at 485.6 USD/ton on December 1, 2021. In the United States, cocoa futures for March 2022 saw an increase, with concerns over the recovery of the market due to the new coronavirus variant. Despite this, the market is expected to strengthen due to an anticipated decrease in cocoa production.

Additionally, the article mentions the exchange rate for the calculation of export and import tax for transactions between Vietnam and India and provides information on the current cross-rate of Vietnam Dong to Indian Rupees (INR) from December 2, 2021, to December 8, 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 increased by 500 - 1,000 VND to 84,000 - 86,500 VND/kg. The highest price in Ba Ria - Vung Tau, the lowest in Gia Lai. In the first two days of the new month, the pepper market tended to recover, but the trading volume was not much. According to the report of the General Department of Vietnam Customs, pepper exports in the first half of November 2021 reached 8,248 tons of pepper of all kinds, with a turnover of 37.21 million USD, bringing the export of 10.5 months to the highest level. reached 237,977 tons, down 5.48% in volume but up 45.80% in value over the same period last year. The average export price of pepper in the period reached US$4,511/ton, up 4.20% compared to the average export price of October 2021. In the first 9 months of this year, India sharply increased pepper imports from most of the main sources to meet the needs of the country's petroleum plastic industry. The cross-rate of Vietnam Dong to Indian Rupees ...

Source: Vinanet