Peppercorn market on October 10, Vietnam's export price remains high due to limited supply

Published 2024년 10월 10일

Tridge summary

The article provides an overview of the global pepper market, focusing on the price of Vietnamese black and white pepper. It also discusses the challenges faced by China's economy, which has resulted in reduced imports of non-essential goods like pepper. Despite these challenges, Vietnam's pepper export prices remain stable due to limited supply. In India, high imports and large inventories have led to a decrease in black pepper prices, with quality issues and excess stock leading to discounted sales.

Furthermore, the article highlights that in India, the festive season demand has not compensated for the slowdown in sales due to adverse weather conditions, contributing to the overall decline in pepper prices in the country.

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

Original content

In the world market, the International Pepper Association (IPC) recorded the price of Vietnamese black pepper at 6,800 USD/ton for 500 grams/liter; 550 grams/liter at 7,100 USD/ton; white pepper price is 10,150 USD/ton. 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... Readers please contact the nearest pepper businesses and agents for specific advice. Highlights: - China's economy in 2024 faces many challenges, including slow growth, reduced consumer demand and difficulties in foreign exchange reserves. These issues have affected China's overall import levels, as businesses prioritize essential goods over items such as pepper. Cautious spending and reduced purchasing power have limited imports in many sectors, including spices. - Commenting on the market in the coming time, according to experts, domestic pepper ...

Source: Vinanet