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

Published 2021년 10월 8일

Tridge summary

The domestic pepper market in October 2021 experienced two price increases in a row due to exporters consolidating orders and reduced production in major countries like Vietnam, Brazil, and Indonesia due to climate change. Meanwhile, Thailand's sugar production is expected to rise by 39% to 10.5 million tons, and India's production is predicted to increase to 31.5 million tons due to favorable weather conditions. Lastly, cocoa futures for December 2021 closed up by 0.4% to 2,726 USD/ton, approaching a 10-month peak, with dealers looking forward to the release of third-quarter milling data to determine full-year expectations.

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

Original content

Pepper Since the beginning of October 2021, the domestic pepper market has experienced two consecutive price increases as exporters boosted their consolidation to meet orders in the fourth quarter. Climate change has caused pepper production of major producing countries such as Vietnam, Brazil, and Indonesia to decrease sharply, creating an opportunity for pepper prices to continue their upward momentum in the last months of the year. According to Ipcnet data, the price of black and white pepper in Vietnam yesterday increased by $100 compared to the beginning of the month. The cross-rate of Vietnam Dong to Indian Rupees (INR) from October 7, 2021 to October 13, 2021 applied by the State Bank for export and import tax calculation is 310.51 VND/INR, according to the web portal of the State Bank of Vietnam. Street White sugar 45 ICUMSA of Thailand session on October 7, 2021 was not traded, maintaining the price of 507.5 USD/ton in the previous session. Price of white sugar 45 ...

Source: Vinanet