On December 14, pepper ** continued ** in the central highlands and southeastern regions, with a range of 77,500 - 80,000 VND kg.
Specifically, the pepper** in the Central Highlands is 77,500 - 79,000 VND. Among them, the purchase of Chu Se pepper (Gia Lai) was 77,500 VND kg, compared with the previous day**500 VND kg;The purchase of Duole pepper and Danon pepper** is 79,000 VND kg, **1,000 VND kg.
In the southeastern region, the overall market situation also continued, with pepper between VND 79,500-80,000 kg. Binh Phuoc pepper procurement** was VND 80,000 kg, compared to the previous day**1,000 VND kg;The purchase of Ba Ria Vung Tau pepper** was VND 79,500 kg, compared to VND 1,000 kg on the previous day**.
Therefore, in the near future, pepper in key areas has continued. Overall, last week, domestic pepper ** for 7 consecutive days**, with a total level of 5,000-7,000 VND.
Data from the International Pepper Council (IPC) shows that Vietnam's various types of pepper** started after a long period of stability**, mainly due to the strong demand for imported goods during the year-end holidays in many countries. For the future market, pepper industry experts are optimistic about the possibility of reaching VND 80,000 kg.
According to the General Administration of Customs, in November 2023, Vietnam's pepper exports amounted to about 20,238 tons worth 7,769$70,000, an increase of 18% year-on-year. However, the total value of exports fell by 71% to 83319$80,000.
In the international market, Lampung Black Pepper (Indonesia)** held steady at $3,839 Tonnes, while White Pepper** also held steady at $3,839 Tonnes, as of 14 December. Brazilian Black Pepper ASTA 570** remained at US$3,000 Tonnes, Malaysian Kuching Asta Black Pepper** remained at US$4,900 Tonnes, while White Pepper** remained at US$7,300 Tonnes.
Vietnam's 500 g L Black Pepper export** was stable at US$3,700 Tonnes, 550 Gram L models were US$3,800 Tonnes, and White Pepper** was US$5,500 Tonnes, up from the previous day**364%。
The World Pepper Update** on December 14 showed that the trade in garbled pepper dropped slightly to Rs 61,500 for 100 kilograms, ungarbled pepper for Rs 59,500 for 100 kilograms, and for 500 litres of pepper at Rs 58,500 for 100 kilograms.
With the fluctuation of pepper** everywhere, the market changes are of concern. This series of fluctuations is affected by many factors, including overseas market demand, global pepper production, international policies, etc., which have formed a certain impact on the Vietnamese pepper market. In the future, industry participants need to pay close attention to market trends and respond flexibly to adapt to potential fluctuations.