Notable pepper, sugar, and cocoa market information on December 3, 2021 in Vietnam

Published 2021년 12월 3일

Tridge summary

Pepper prices in the Vietnamese domestic market have stabilized, with farmers selling at double the previous price for the new harvest due to crop failure and weather conditions. However, the industry faces challenges such as reduced international competitive advantage due to the use of unsafe agrochemicals. To address this, a sustainable production and trade project for Vietnamese pepper has been launched in collaboration with the Vietnam Pepper Association and the Sustainable Trade Initiative. Meanwhile, cocoa prices have increased due to ideal weather conditions in West Africa, leading to an abundance of supplies. Nigeria has also seen a 11.4% increase in cocoa exports in October.

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

Original content

Pepper Pepper prices in the domestic market stopped increasing, closing at 84,000 - 86,500 VND/kg. The highest price in Ba Ria - Vung Tau, the lowest in Gia Lai. Farmers in Dong Nai have started the new pepper harvest season, and the selling price is doubled over the same period (80,500 - 90,000 VND/kg). It is forecasted that the supply in the area this year will decrease sharply due to crop failure and the influence of weather. This year, due to the adverse effects of weather, crop failure, supply decreased sharply. This is also the general situation of many countries around the world. Pepper prices increased after a long period of deep decline due to insufficient supply. Despite a large export volume, Vietnam's pepper industry is currently facing challenges such as: Reducing international competitive advantages in terms of quality and price, especially the use of unsafe agrochemicals. right way. The Plant Protection Department, the Ministry of Agriculture and Rural ...

Source: Vinanet