Pepper prices today, September 1, 2024, in the domestic market suddenly skyrocketed in key localities, trading from 143,000 - 145,000 VND/kg.
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| Pepper price today September 1, 2024: Unexpected spike, pepper maintenance and production are competitive, conflicting information appears in the market, (Source: Food Hacks) |
Pepper prices today, September 1, 2024, in the domestic market suddenly skyrocketed in key localities, trading from 143,000 - 145,000 VND/kg.
Specifically, pepper price today in Gia Lai is at 143,000 VND/kg.
Pepper prices today in the provinces of Dong Nai (143,500 VND/kg); Dak Lak (145,000 VND/kg); Dak Nong (144,500 VND/kg); Ba Ria - Vung Tau (144,500 VND/kg) and Binh Phuoc (145,000 VND/kg).
Thus, after a day of stability, domestic pepper prices today suddenly skyrocketed in key localities, increasing from 1,500 - 3,000 VND/kg. The highest pepper price was at 145,000 VND/kg.
According to the Vietnam Pepper and Spice Association (VPSA), the impact of El Nino climate change at the beginning of the year has affected farmers' cultivation, production and maintenance of pepper gardens.
Following that, the La Nina phenomenon further disturbed the farmers' psychology, especially at the present time when durian and coffee prices are at high levels, so they are not attractive enough for farmers to replant pepper massively. However, the price of pepper seedlings in some provinces has also increased sharply by an average of 20,000 - 25,000 VND/tree due to limited seed supply.
The Association’s survey of the current situation in the three Central Highlands provinces in early July showed that farmers’ maintenance and production of pepper is increasingly being competed by durian and coffee. New planting areas have been recorded but not much, mainly intercropping pepper with coffee at a ratio of 6/2.
Therefore, VPSA believes that the next crop's output may be equivalent or slightly higher than in 2024. There is not much inventory left in the market, pests and diseases still exist but are not significant, and people can handle some common diseases such as yellow leaves, slow death, net bugs, algae spots, and nematodes.
The pepper harvest in Vietnam will last from January to the end of April in key growing areas, with output slightly increasing compared to 2023.
There is currently a lot of conflicting information. Some gardeners say that their pepper gardens have not produced any fruit this new pepper season. However, some gardeners say they expect a bumper crop. This is due to weather factors.
According to experts, even if the next pepper crop is slightly better than the last one, it will not be able to make up for the pepper acreage lost in the past and is still being lost. Therefore, it is forecasted that the supply will continue to be in short supply in the future.
At the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Lampung black pepper (Indonesia) at 7,529 USD/ton, down 0.41%; the price of Brazilian black pepper ASTA 570 at 6,450 USD/ton; the price of Kuching black pepper (Malaysia) ASTA at 8,500 USD/ton.
Muntok white pepper price is 8,8651 USD/ton, down 0.41%; Malaysian ASTA white pepper price is at 10,400 USD/ton.
Vietnam black pepper price is traded at 6,100 USD/ton for 500 g/l; 550 g/l at 6,500 USD/ton; white pepper price at 8,800 USD/ton. IPC reduces Indonesian pepper price after 1 day of increase.
The International Pepper Community commented that the pepper market at the end of August continued to have mixed reactions. Domestic and international Indian pepper prices were stable this week. When the Indonesian Rupiah strengthened against the USD, the country's pepper prices increased this week.
Source: https://baoquocte.vn/gia-tieu-hom-nay-192024-bat-ngo-tang-vot-viec-duy-tri-va-san-xuat-ho-tieu-bi-canh-tranh-thi-truong-xuat-hien-thong-tin-trai-chieu-284547.html
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