Notable pepper, sugar, and cocoa market information on November 26, 2021

Published 2021년 11월 26일

Tridge summary

The domestic price of pepper in Vietnam is stable, with variations across different regions. The FOB price of white pepper at Ho Chi Minh City port has increased by 1%. The demand for pepper in India is improving as the economy reopens from the Covid-19 pandemic. Factors such as inflation, high prices of raw materials, and a predicted decrease in production forecast for the next crop year are expected to cause a sharp increase in pepper prices by the end of 2021. The total pepper imported into India in the first 10 months of 2021 reached 24,304 tons. The Indian Spices and Pepper Trade Association is planning to launch spot black pepper trading on an electronic platform. The cross-rate of Vietnam Dong to Indian Rupees for export and import tax calculation is 310.94 VND/INR. The price of white sugar and cocoa futures for March 2022 have been reported.

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

Original content

Pepper The price of pepper in the domestic market is stable around 81,000 - 84,000 VND/kg. The highest price in Ba Ria - Vung Tau, the lowest in Gia Lai. Information from the Vietnam Pepper Association said that the FOB price of white pepper in the last week (November 15-19) at Ho Chi Minh City port suddenly increased by 1%, from $6,458/ton to $6,500/ton. Meanwhile, the International Pepper Association listed the export price of Vietnam's black pepper unchanged since the beginning of the month. The demand for pepper in India has improved as the economy begins to reopen after a long time being affected by the Covid-19 pandemic. Experts said that inflation and prices of raw materials and materials continued to be high, causing pepper prices to have no downward momentum. While the daily shortage is increasing, the inventory is not much, the production forecast for the next crop year will also decrease. Therefore, experts believe that pepper will increase sharply in the last month ...

Source: Vinanet