Pepper price today March 27, sideways, the market is difficult to predict, the reason why Cambodian pepper is more productive than Vietnamese pepper

Pepper price today March 27, sideways, the market is difficult to predict, the reason why Cambodian pepper is more productive than Vietnamese pepper. (Source: Borneo Talk)

Today’s pepper price in the domestic market is flat in some localities, trading from 77,500 – 80,000 VND/kg.

Specifically, today’s pepper price in Dong Nai and Gia Lai is the lowest in the market at 77,500 VND/kg.

Pepper prices today in Dak Nong and Dak Lak provinces (78,500 VND/kg); Binh Phuoc (79,000 VND/kg) and Ba Ria – Vung Tau at the highest threshold is 80,000 VND/kg.

According to experts, the domestic market is very unpredictable and is less active even though the harvest is almost over. This year, farmers and agents hold a lot of goods, and export companies do not sell short or sell far to avoid risks. Although output is expected to decrease, the amount of inventory in previous years is still there.

In addition, there is information about the speculation of Chinese traders, the impact of the Russia-Ukraine conflict and high inflation in the world. In the face of the above situation, it is possible that the sideways period of pepper prices will last, so it is necessary to be cautious when borrowing money to speculate on pepper.

According to statistics of the World Pepper Association, this week the market reacted with mixed reactions when only Indian pepper prices decreased. Indian pepper prices continued to react negatively, down by about 50 USD/ton.

Meanwhile, Indonesia’s domestic and international prices were reported to be less volatile due to low inventories. Meanwhile, Malaysia’s domestic and international prices continue to be reported at stable levels.

Indonesia’s Central Bureau of Statistics (BPS) said that in 2021, the country’s pepper exports fell to a 7-year low, reaching 37,738 tons, worth $166.8 million, compared with last year. 2020 down 35.4% in volume, but up 4% in value.

In 2021, Indonesia’s pepper exports to Vietnam reached 8,285 tons, to the US reached 5,294 tons, and to China reached 4,908 tons, down 60.7%, 20.3% and 56.8% respectively over the previous year. 2020.

After Vietnam’s pepper harvest, it is time to go to Cambodia. While the harvest in Brazil and Indonesia will start in May and July. These are the 3 countries that export the most pepper to Vietnam.

Research by the Food and Agriculture Organization of the United Nations (FAO) shows that, although Cambodia’s pepper farmers are less intensive than Vietnamese farmers, their productivity is always at the top of the region with 6.4 tons/ ha, while Vietnam’s pepper productivity is only half of that. About 95% of Cambodia’s annual pepper harvest is for export, and the two countries that are buying Cambodia’s pepper the most are Vietnam and Thailand.

Prof. Dr. Vo Tong Xuan – agricultural expert analysis, pepper in Cambodia developed after Vietnam, so farmers here learn and draw a lot of experience in the process of selecting varieties, caring, harvesting, preserving product management; Pests and diseases are not many, so the abuse of pesticides and chemical fertilizers is also limited.