News

Latest news from Agrotex Viet Nam JSC
  • CÔNG TY CỔ PHẦN AGROTEX VIỆT NAM
  • 0 Comment

[WORLD PEPPER MARKET]  Week #26/18, 25 – 29 Jun 2018

MARKET REPORT

The market showed a slow moving with a marginal decreasing trend. Except in Sri Lanka, the price of black pepper decreased up to 3% in Viet Nam. Even for white pepper decrease up to 6%. Producers at most origins are suffered with this situation of low prevailing price level. There is a loss of interest to maintain garden. Consequently output of this year crop season is not as good as expected.

Although currently is harvesting season in Indonesia, farmers are not very enthusiastic to pick. In West Kalimantan, where in the area is traditionally produces black pepper, many gardens with pepper plants whose fruits are ripened and yellowish still have not been picked. Pepper price in Lampung and Bangka is reported to remain unchanged, but in dollar terms the price decreased marginally due to weakening of local currency against US Dollar.

-Internet-

Comment