Pepper market on December 18 in Vietnam: 2024/25 crop output expected to decrease, helping prices remain high in the coming time

Published 2024년 12월 18일

Tridge summary

The agricultural news article provides an overview of the current market dynamics and challenges within the pepper industry. It highlights the market's trend towards increasing prices, primarily due to a decrease in supply and a surge in demand, especially with the upcoming festival season and reduced exports from Vietnam. The article emphasizes the importance of timely ordering for exporters to the Mediterranean, owing to longer delivery times. Furthermore, the article addresses the challenges pepper crops are facing, such as climate change, complex pests and diseases, competition from other crops, and rising production costs, which are pushing the supply chain towards innovation in farming and production techniques.

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 are requested to contact the nearest pepper trading enterprises and agents for specific advice. Highlights: - The market is currently entering a price increase cycle, mainly due to weakening supply. The approaching year-end festival season has increased demand, while reports of reduced exports from Vietnam have also contributed to the market increase. Meanwhile, demand has recovered in many markets, including the US, EU, Asia, especially the Chinese market. - For exporters to the Mediterranean, timely ordering is very important due to longer delivery times, caused by the ongoing diversion through the Red Sea. Missing the pre-holiday shipping window could result in significant ...

Source: Vinanet