Pepper market forecast for the week to September 16, Vietnam's 2025 pepper harvest to be delayed

Published 2024년 9월 16일

Tridge summary

The article discusses the current market prices for black pepper and white pepper, noting that the USD's weakness due to the Fed's expected interest rate cut could lead to a stronger commodity market, including pepper. However, concerns about the next crop's output are rising due to young, non-fruiting pepper plants in growing areas, attributed to climate change and a prolonged drought in April and May. Despite these concerns, the global organic spice market is projected to grow at a rate of 7.5% from 2021 to 2026, reaching nearly 20 billion Euros by 2026. This growth, coupled with increasing demand for sustainably produced spices and interest in their health benefits, presents opportunities for exporters from countries like Vietnam.

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

Original content

Daily price list of black pepper and white pepper Note: The above prices are for reference only, the actual price will vary depending on the locality, transportation method, payment method, transaction volume, etc. Readers are requested to contact the nearest pepper businesses and agents for specific advice. Highlights: - The Fed's interest rate cut in the policy meeting taking place in the next few days has weakened the USD, helping the commodity market to flourish, including pepper. - According to the relevant authorities, pepper in the growing areas is currently not bearing fruit, and is still very young compared to the same period last year due partly to the impact of climate change. This has led to concerns about the next crop's output, and the harvest time may be delayed. Experts also said that the prolonged drought in April and May in key pepper growing areas will delay Vietnam's 2025 harvest. - According to the Vietnam Trade Office in Belgium and the EU, the global organic ...

Source: Vinanet