Report on pepper industry in November 2020: Forecast of strong price increase at the end of the year in Vietnam

In November 2020, the price of black pepper on the market increased sharply in production areas, but was stable in Malaysia. The demand for pepper tends to increase rapidly at the end of the year, while the output decreases in many large producing regions. It is forecasted that pepper prices will increase in the near future. The supply shortage of pepper is due to the 2020/21 crop, which is expected to be harvested later. Psychological hoarding of goods may take place, creating more competitive pressure to buy in the market. It is estimated that pepper exports in November 2020 reached 21 thousand tons, worth $ 53 million, down 4.5%. in volume and down 1.1% in value compared to October 2020, compared with November 2019, up 23.6% in volume and 33.5% in value. Generally for the first 11 months of 2020, pepper exports were estimated at 263 thousand tons, worth $ 596 million, down 1.7% in volume and 11.5% in value over the same period in 2019. You are registered. In the first 10 months ...