Notable pepper, sugar, and cocoa market information in Vietnam on December 8, 2021

Published 2021년 12월 8일

Tridge summary

Domestically, Vietnam is experiencing a decrease in pepper prices, trading at 83,000 - 85,000 VND/kg, with the lowest prices in Gia Lai. Internationally, Malaysian white pepper prices are on the rise, while Indonesian pepper prices have dropped due to a weakening Indonesian Rupiah. Indonesia's pepper exports, including 47.7% whole white pepper, have seen a decrease of 22.5% in the first 9 months of the year. In contrast, India is facing a record high in pepper prices, causing a delay in sales.

In Ivory Coast, the world's leading cocoa producer, rainfall has been below average in most cocoa-growing regions, raising concerns for the next harvests in February and March. Despite this, soil moisture levels are appropriate and good sunshine is aiding in cocoa drying, leading to satisfactory bean quality. New York cocoa futures for March 2022 have increased by $25, or 1%, to $2,485/ton, and London cocoa futures have also seen a slight increase.

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

Original content

Pepper Pepper price in the domestic market traded at 83,000 - 85,000 VND/kg, down 500 VND/kg compared to the previous session. The highest price in Ba Ria - Vung Tau, the lowest in Gia Lai. Malaysian white pepper prices in the international market recorded a positive trend this week. Other types of pepper were traded stably in the past 4 weeks. Meanwhile, Indonesia's domestic and international pepper prices fell due to the weakening of the Indonesian Rupiah against the USD (IDR 14,360 IDR/USD), down 1%. Indonesia's pepper exports in the first 9 months of this year reached 29,205 tons, down 22.5% over the same period last year. In which, whole white pepper accounted for 47.7% of the weight with 13,931 tons, whole black pepper was 10,800 tons and accounted for 37% of the weight, the rest was ground pepper. Vietnam, China and the US are the three countries that account for 50% of Indonesia's pepper exports. Compared to the same period last year, Indonesia's pepper exports to ...

Source: Vinanet