Pepper price in Vietnam today, 11/8: Heat up to 62,000 VND/kg

Published 2022년 11월 8일

Tridge summary

The global pepper market has seen a slight increase in prices for black and white pepper, continuing a two-day trend after a prolonged period of stability. However, experts warn that this increase might be due to speculators, with a potential decrease in prices expected in the medium term due to the stronger USD and expected increase in interest rates. In Vietnam, the domestic pepper market has surged, reaching up to 62,000 VND/kg, while coffee prices have decreased. The export value of Vietnamese pepper has seen fluctuations, with increases in some markets and decreases in others compared to the previous year and quarter.

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

Original content

Pepper market price today 11/8 World pepper price today In the world market, pepper price today 8/11 tended to increase slightly compared to yesterday. Currently, the price of black pepper Lampung (Indonesia) increased by 0.27%, to $3,642/ton. Meanwhile, the price of black pepper Kuching (Malaysia) ASTA remained at 5,100 USD/ton. And the price of Brazilian black pepper ASTA 570 anchored at $2,575/ton. For white pepper, the world pepper market is also increasing in Indonesia and flat in other countries. Accordingly, the price of Indonesia's Muntok white pepper increased slightly by 0.29% to $5,895/ton. Meanwhile, the price of Malaysian white pepper ASTA remains at $7,300/ton. The pepper market continued to increase for the second consecutive session after a long sideways movement. This is a good signal of the world pepper industry, but experts still warn that this is most likely a "virtual" signal. Because speculators are pumping prices to discharge goods. The giants will discharge ...

Source: Agriculture