Tridge summary
Global pepper prices have increased significantly in Vietnam and Indonesia due to Chinese demand, while Indian farmers have not seen a significant benefit. Vietnamese pepper prices have increased by 18.54% to 2621 USD / ton, Indonesian pepper prices have increased by 14.12% to 2383 USD / ton, but Indian pepper prices have only increased slightly by 1.8% to 4434 USD / ton. Indian farmers are expecting improved domestic demand as the blockade is eased. India is expecting about 60,000 tons of pepper this year, compared to 55,000 tons last year. The high piperine content in Sri Lankan pepper makes it a preferred choice for the spice extracting industry. The absence of a domestic market has forced farmers in Vietnam and Indonesia to export pepper at a lower price, as international buyers look for other exporters with cheaper prices.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The increase in Chinese buying has pushed up global pepper prices, especially in Vietnam and Indonesia, while the exchange rate of the Indian currency has not increased significantly. Indian farmers, who have not benefited from a global upward trend, are expecting domestic demand to improve as the blockade is gradually eased, according to The Hindu Business Line. According to the International Pepper Community, Vietnam's pepper price increased by 18.54% over the past month, from 2211 USD / ton in May to 2621 USD / ton in June. Similarly, Indonesian pepper price also increased by 14. , 12%, from 2088 USD / ton to 2383 USD / ton. However, Indian pepper price only increased slightly by 1.8%, from USD 4354 / ton to USD 4434 / ton. MC Kariappa, president of the Kodagu Horticulture Association, said: “The recent global upward trend has not really benefited Indian farmers. However, we expect pepper prices to improve in the next few weeks, as demand in North India may increase due to ...
Source: Vietnambiz
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