Pepper prices in Vietnam today 5/6, decrease again on the world exchange

Published 2021년 6월 5일

Tridge summary

The article discusses the pricing of pepper in the raw material market, highlighting a failure to reach expected prices of 75,000 VND/kg due to a lack of stock. It notes that Vietnam, responsible for nearly 95% of pepper exports, has an unbalanced production of processed pepper products, with high value white pepper accounting for only 10-15% of production. Globally, the price of Kochi pepper in India, which accounts for a significant portion of the global market, has decreased due to the impact of the second wave of Covid-19 in India on production. Furthermore, the article mentions the expected global pepper production in 2021, which is estimated to decrease by 21,000 tons compared to 2020, reaching a total of 555 thousand tons.

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

Original content

Price movements of pepper in some raw material areas tintaynguyen.com The last session of the week was quite bleak when the amount of pepper in stock was still small. According to observers, pepper prices may continue to fall, but the reduction is not deep. Expectations that the strong price increase at the beginning of the week will bring pepper prices to 75,000 VND/kg has not come true. Vietnam's pepper exports account for nearly 95% while domestic consumption accounts for only about 5%. Processed pepper products include black pepper, white pepper, powdered pepper, red pepper, green pepper... The structure of processed pepper products is not reasonable when white pepper - a type of pepper with high added value - accounts for only 10 - 15% of the total pepper production of the country. However, the structure of processed pepper products is not reasonable, white pepper has high added value, accounting for only 10-15% of the total output. In the world market, ...

Source: Vinanet