Vietnam: Notable pepper, sugar, and cocoa market information on November 3, 2021

Published 2021년 11월 3일

Tridge summary

The article reports a decrease in the domestic and export prices of pepper in Vietnam, with a notable drop in the export price per ton by USD 100, attributed to a recent trend. Despite this, pepper prices have seen an overall increase throughout the year, mirroring trends in key producing countries. In contrast, the price of Thai white sugar remains stable, despite a forecasted surge in sugar production. Lastly, New York cocoa futures for March 2022 have fallen due to an abundant supply, despite a slight increase in cocoa production in Europe and Asia.

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 plummeted by 1,000 VND to 85,500 - 88,500 VND/kg. The lowest price in Gia Lai and the highest in Ba Ria - Vung Tau. According to data from IPC, Vietnam's export price of black and white pepper also recorded a decrease of USD 100/ton, equivalent to USD 4,290 and USD 4,390/ton. This is the first decrease of export pepper prices in the past 1 month. However, the increasing momentum of pepper prices is still the main trend in the last months of the year. Statistics show that, compared to the beginning of the year, the price of black pepper in key producing countries such as Indonesia, Brazil, Vietnam and Malaysia has increased by 45-62.5% while the price of black pepper in India is less volatile. , up 19.1%. The price of white pepper in Vietnam is now 44.4% higher, Indonesia increased by 47.6% and Malaysia increased by 65.8%. The cross-rate of Vietnam Dong to Indian Rupees (INR) from October 28, 2021 to November 3, 2021 applied by ...

Source: Vinanet