World pepper market today on April 6 with pepper prices not expected to recover strongly in the short term

Published 2023년 4월 6일

Tridge summary

The article provides an overview of the domestic and international pepper prices in the first quarter of 2023. It notes that Vietnam's domestic market has seen low and high prices in Chu Se and Chau Duc provinces, respectively, due to hoarding by farmers and traders. Concerns about the output of the new crop and the increasing purchasing power of the Chinese market have contributed to the rise in domestic pepper prices. The International Pepper Association reports mixed movements in the global pepper prices as of April 5, with various pepper types quoted in different prices in different locations. The article also mentions the exchange rate used for converting the global pepper prices to Vietnamese Dong for reference.

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) and Chau Duc (Ba Ria) are the two provinces with the lowest and highest prices; Dak Lak - Dak Nong and Binh Phuoc continued to be stable. Currently, growers have almost finished harvesting, farmers/traders continue to hoard and do not offer to sell when pepper prices are adjusted down. Concerns that the new crop's output is not as expected and the purchasing power of the Chinese market increases again, causing domestic pepper prices in the first quarter of 2023 to prosper. However, experts say that pepper prices cannot recover strongly in the short term. According to the International Pepper Association (IPC), the world pepper price on April 5 (local time) has the following movements: - Lampung black pepper (Indonesia) minus 0.14% down at 3,598 USD/ton; - Brazilian black pepper price ASTA 570 settled at 2,950 USD/ton; - Kuching (Malaysia) black pepper price ASTA stable at 4,900 ...

Source: Vinanet