Information on pepper and sugar markets of Vietnam on February 11, 2022

Published 2022년 2월 11일

Tridge summary

The domestic pepper price in Vietnam has increased for the second consecutive session, with the highest price observed in Ba Ria - Vung Tau and the lowest in Gia Lai and Dong Nai. The price hike is attributed to the high coffee price, affecting farmers' decision to increase the price of pepper. Vietnam's 2022 pepper crop is expected to be similar to 2021, provided the weather remains stable. Binh Phuoc province, a key industrial crop area, is focusing on sustainable pepper development as part of agricultural restructuring. Meanwhile, the price of Thai white sugar 45 ICUMSA closed at 503.2 USD/ton, up 3.6 USD from the previous session, while raw sugar for March delivery on the ICE floor fell by 0.18 cents or 1% to 18.3 US cents/lb due to inflation concerns. The French Ministry of Agriculture anticipates a minor 3% decrease in the area sown for sugar beet seeds for the 2022 harvest.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Pepper Pepper price in the domestic market increased for the second consecutive session with an increase of 500-1,000 VND/kg. The highest price closed in Ba Ria - Vung Tau, the lowest in Gia Lai and Dong Nai. Price of pepper in the country Giatieu.com The 2022 pepper crop in Vietnam will be similar to 2021 if weather conditions remain stable over the next few months, according to Olamspice. Vietnamese farmers are in the final stages of the coffee harvest and starting to harvest pepper after the Lunar New Year holiday. The high price of coffee causes farmers to increase prices for pepper as well. Pepper is one of the key industrial crops of Binh Phuoc province with an area of nearly 16,000 hectares. The goal of sustainable pepper development is the central focus of the province's agricultural sector in restructuring agriculture according to the policy. Binh Phuoc's agricultural sector has advised people not to expand the area to ensure planning. At the same time, ...
Source: Vinanet

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