BLACK PEPPER MARKET QUIET IN VIETNAM FOR NOW The pepper market has been quiet this week due to slow demand from the European, American, Asian, and African markets. The 2022 crop size for black pepper has decreased roughly 10-15% in comparison to 2021. Due to very slow demand across the Read more…
BLACK PEPPER PRICES ARE FALLING -VIETNAM Black Pepper prices in Vietnam fell down 4.7% since July. This is due to weak demand from the European, American, African, and Asian markets. A major reason for the market slowing down was due to China suspending their purchases, alongside summer holidays happening in Read more…
Red chilli prices expected to continue to rise – India The Southwest monsoon is expected to provide normal rainfall to most of North, Central, and South Peninsular India in July and August as it moves forward. 60% of the monsoon rains usually fall during these two months, and the plentiful Read more…
Black Pepper – Brazil & Vietnam Brazilian black pepper price dropped by 17.6% YoY to USD 5.35/kg in W5 Jun-22. It is estimated that Brazilian black pepper production increased by 10.5% YoY to 105,000 mt in 2022. Container shortage and high freight costs led importers of Brazilian black pepper to Read more…
Black Pepper Vietnam Last week, the market had small fluctuations. However, at the end of the week, the prices dropped by $ 25/ton compared to week 24, corresponding to a decrease of 0.67% in price. Exporters are currently very cautious due to the world financial and logistical situation; therefore they Read more…
Huge Blow to the Chili Pepper Industry as Prices Go out of Control – China The wholesale price of chili pepper in China skyrocketed by +304.47% YoY (year on year). The price reached USD 6.30/kg in Week 2 of May-22, compared to the same corresponding a year ago was USD Read more…
BLACK PEPPER VIETNAM At the beginning of this year, Black Pepper prices were fluctuating between 80-83,000 VND until reaching a peak of 87,000 VND at the start of February. Since then, the prices have declined by 4.8%, coming to 79,000 VND as of this week. (ref : 1 US Dollar Read more…
Black Pepper Vietnam The domestic pepper market slowed down on a large scale, with the highest price in Ba Ria – Vung Tau province, the lowest in Gia Lai province. According to experts, the pepper price is unlikely to return to the previous record high of 200,000 VND/kg, but at Read more…
Black Pepper Vietnam The black pepper crop has been harvested about 95% – 97% of the total expected yield for this year. The crop is expected to be harvested 100% in next few days. The output is forecasted to decrease by at least 10-15% compared to 2021. Due to less Read more…
BLACK PEPPER VIETNAM Vietnamese black pepper market is getting hot. Export and domestic prices have surged by 26% over the past season, reaching USD4,200/MT FOB in W11 2022. The support to the values came from tight supplies, as local black pepper production is down 25% YoY. At the same time, Read more…