Notable pepper, sugar, and cocoa market information of Vietnam on December 10, 2021

Published 2021년 12월 10일

Tridge summary

Domestically, the pepper market saw a decrease in prices towards the end of the week, with rates varying across different regions. In a significant move, the People's Committee of Dak Nong province registered the Geographical Indication (GI) for the province's pepper products, marking a milestone in recognizing the quality and origin of Dak Nong pepper. As the world's leading pepper producer, Vietnam exports to 110 countries despite COVID-19 challenges, with a stable performance in 2020 and an anticipated drop in exports for 2021. Additionally, the article reports on the foreign exchange rate for Vietnamese Dong to Indian Rupees, the closing prices for Thai 45 ICUMSA white sugar, and a slight decrease in cocoa futures for March 2022. A favorable climate in November was noted for cocoa growth in Ghana, signaling a positive outlook for the country's cocoa production.

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

Original content

Pepper Pepper price in the domestic market in the last session of the week traded at 81,000 - 84,000 VND/kg, a deep decrease compared to the first trading sessions of the week. The highest price in Ba Ria - Vung Tau, the lowest in Gia Lai. Recently, the People's Committee of Dak Nong province held a ceremony to announce the Decision and award the Dak Nong Geographical Indication Registration Certificate for the province's pepper products. The geographical indication for Dak Nong pepper marks a great success in affirming the quality and position of Dak Nong pepper in the market. Geographical indications refer to pepper products including: black pepper, red pepper, and white pepper. These products have special quality, harvested from pepper trees grown in Dak Nong province. This is the first geographical indication of crops grown in the province. Vietnam is now the world's largest pepper producer with 40% of its output, exporting to 110 countries. In 2020, although the Covid-19 ...

Source: Vinanet