Notable pepper, sugar and cocoa market information in Vietnam

Published Nov 10, 2021

Tridge summary

The article provides an overview of the current market prices and trends for pepper and agricultural commodities such as white sugar and cocoa. Pepper prices in Vietnam remain stable, with a slight decrease due to profit-taking, while export values have decreased significantly in recent quarters, primarily to European markets. In contrast, Vietnamese pepper exports to Asia have seen an increase. Thai white sugar prices have risen slightly, while New York cocoa futures for March 2022 have fallen by 0.6%, reaching a three-month low, despite slower circulation in Ivory Coast and Ghana. The amount of cocoa arriving at the Ivory Coast port has also decreased compared to the same period last year. Cargill has increased Ivory Coast's cocoa crushing capacity from 110,000 to 160,000 tonnes.

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 remained stable at 85,000 - 87,500 VND/kg. The highest price in Ba Ria - Vung Tau, the lowest in Gia Lai and Dong Nai. According to observers, the decreasing trend of pepper in the past few days (down 1,500-2,000 VND/kg compared to the beginning of the month) is due to the strong selling wave in order to take profit when the price reaches 90,000 VND/kg in different locations. direction. In the third quarter of 2021, the value of Vietnam's pepper exports to all regions decreased sharply compared to the second quarter of 2021, and compared to the third quarter of 2020, the value of pepper exports to most regions increase, excluding Africa. In the context of difficult pepper exports to European markets, Vietnamese enterprises tend to shift export markets to Asia. The cross-rate of Vietnam Dong to Indian Rupees (INR) from November 4, 2021 to November 10, 2021 applied by the State Bank for export and import tax calculation is ...

Source: Vinanet