Vietnam: Pepper market on September 24, forecast of white pepper supply in China will face difficulties

Published 2024년 9월 24일

Tridge summary

The article provides an overview of the daily price fluctuations of black and white pepper, influenced by various factors. It notes that China's increased white pepper purchases, due to Typhoon Yagi's impact on Hainan Island, may lead to a supply shortage in the fourth quarter and during the Lunar New Year. Global pepper production in 2024 is projected to decrease by 1.2% to 465,000 tons, with demand surpassing production by 64,000 tons, resulting in the lowest inventory levels in six years. While weather conditions in Dak Lak are currently favorable for pepper growth, an early rainy season could affect both production and quality.

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 please contact the nearest pepper businesses and agents for specific advice. Highlights: - China has increased its purchases of white pepper orders again, as various reports show that Hainan Island has been severely affected by Typhoon Yagi. This has led to a decrease in white pepper output in China. It is forecasted that the supply of white pepper in China will be difficult to meet demand in the fourth quarter and for the upcoming traditional Lunar New Year holiday. - According to Simexco Daklak, global pepper output in 2024 is expected to reach about 465,000 tons, down 1.2% compared to last year. Meanwhile, global pepper demand is expected to reach 529,000 tons, exceeding production by 64,000 tons. This will cause ...

Source: Vinanet