Vietnam: Information on pepper and sugar market on 5/5/2022

Published May 5, 2022

Tridge summary

The domestic pepper market in Vietnam has flatlined after a strong gain in the previous session, with prices ranging from 77,000 VND/kg in Gia Lai to 80,000 VND/kg in Ba Ria - Vung Tau. The export situation to China has improved but clearance capacity remains low due to Covid-19 measures. Sri Lanka's pepper production in 2022 is projected to be no more than 20,000 tons, due to heavy rainfall, and the industry will face high competitive pressure from Vietnam and Brazil. Meanwhile, raw sugar for July term futures on the ICE floor remained steady, and white sugar prices on the London bourse fell to a two-month low. Sugar prices are expected to remain under pressure due to a low global surplus and higher-than-expected production in India and other Asian countries.

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

Original content

Pepper The domestic pepper market was flat after gaining strongly in the previous session. The highest level is 80,000 VND/kg in Ba Ria - Vung Tau, the lowest is 77,000 VND/kg in Gia Lai. Price PepperDomestic Giatieu.com The situation of Vietnam's pepper exports to the Chinese market has improved compared to the previous one, but the clearance capacity is still low because the Chinese side continues to strictly implement measures to prevent the Covid-19 epidemic. 19. Daily price list of black pepper and white pepper International Pepper Community According to Sri Lanka's Ministry of Agricultural Development, the country's pepper production in 2022 may only reach 20,000 tons or less, due to heavy rainfall in the third quarter of 2021 affecting production. In the coming time, Sri Lanka's pepper industry will be under high competitive pressure from Vietnam and Brazil due to the sharp increase in domestic labor and production costs. However, the country's ...

Source: Vinanet