Global pepper market on October 3: Recommend that businesses adjust import and selling prices to have similar increases

Published 2024년 10월 3일

Tridge summary

India's pepper production is projected to increase by 6% in the 2023/24 crop year, reaching approximately 60,000 tons. Despite this increase, the country is expected to face a pepper shortage as domestic demand is anticipated to exceed 66,000 tons. Meanwhile, Vietnam, the world leader in pepper production and export, is experiencing a decrease in pepper acreage and output due to competition and market fluctuations favoring other crops. This decrease in supply and increase in demand have resulted in higher pepper prices. The Vietnam Pepper and Spice Association (VPSA) has recommended that businesses adjust import and selling prices to avoid price risks, by increasing export prices if domestic pepper prices rise, and by gradual purchasing to avoid impacting prices with large orders.

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

Original content

Daily price list of black pepper and white pepper Note: The above prices are for reference only, the actual price will vary depending on the locality, transportation method, payment method, transaction volume, etc. Readers please contact the nearest pepper businesses and agents for specific advice. Highlights: - India's pepper output is expected to reach about 60,000 tons in the 2023/24 crop year, up about 6% over the previous year. The country is still facing a shortage as domestic demand is expected to exceed 66,000 tons. - VPSA said that Vietnam is still ranked No. 1 in the world in pepper production and export. However, in the context of competition and market fluctuations favorable for other crops such as coffee and durian, Vietnam's pepper acreage and output are decreasing. The decrease in supply, while the demand for consumption has increased, has pushed up pepper prices. - Ms. Hoang Thi Lien, President of the Vietnam Pepper and Spice Association (VPSA), recommends that ...

Source: Vinanet