Pepper market in Vietnam and the world today April 19; purchasing power remains stable when the Central Highlands enters the final stage of the crop

Published 2023년 4월 19일

Tridge summary

The article provides an overview of the current domestic and international pepper prices, with a focus on Vietnam, Indonesia, Brazil, Malaysia, and India. In Vietnam, the domestic market is seeing varied prices across different regions, with China being the leading import market. Despite the end-of-season harvest leading to an increase in available pepper on the market, prices have remained stable. The International Pepper Association reports a slight decrease in prices for some pepper types, such as Lampung black pepper and Muntok white pepper, while Vietnamese pepper prices remain relatively stable. The article also mentions the exchange rate used for converting prices to Indian Rupees (INR) and highlights the influence of low consumption demand and abundant supply on the expectation of global pepper prices in 2023.

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

Original content

Domestic price pepper(Unit: VND/kg) Giatieu.com In the domestic market, Chu Se (Gia Lai) closed the lowest at 63,000 VND/kg; Dak Lak - Dak Nong at 64,000 VND/kg; Binh Phuoc closed at 65,000 VND/kg; Chau Duc (Ba Ria) is highest at 66,000 VND/kg. China continues to be Vietnam's leading pepper import market, while traditional import markets also increase their purchases to make up for the reduced stockpiling volume during the 2023 New Year holiday. . Pepper farmers in the Central Highlands are entering the end-of-season harvest period, the number of new goods sold to the market is increasing, but the purchasing power is still stable, which has not caused the price to drop as usual. According to the International Pepper Association (IPC), the world pepper price on April 18 (local time) has the following movements: - Lampung black pepper (Indonesia) price decreased slightly by 0.56% to 3,540 USD/ton; - Brazilian black pepper price ASTA 570 settled at 2,950 USD/ton; - ...

Source: Vinanet