The domestic market remains stable

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Update pepper prices

Domestic pepper prices

According to the survey, pepper price In the domestic market, it is in the range of 68,000 – 71,000 VND/kg, no change compared to yesterday.

Accordingly, the prices recorded in Dong Nai and Gia Lai provinces are 68,000 VND/kg and 68,500 VND/kg.

Two provinces in Dak Lak and Dak Nong are applying a general price of 69,500 VND/kg.

Similar, Pepper price today in Binh Phuoc and Ba Ria – Vung Tau were stable at 70,500 VND/kg and 71,000 VND/kg, respectively.

Province/district (survey area)

Purchasing price (Unit: VND/kg)

Change compared to yesterday (Unit: VND/kg)

Dak Lak

69,500

Gia Lai

68,500

Dak Nong

69,500

BA Ria Vung Tau

71,000

Binh Phuoc

70,500

Dong Nai

68,000

World pepper prices

According to an update from the International Pepper Association (IPC) on November 20 (local time), the price of Lampung black pepper (Indonesia) 1.25% off compared to November 17.

At the same time, the price of Brazilian black pepper ASTA 570 and Kuching (Malaysia) ASTA black pepper remained stable.

Type name

World black pepper price list (Unit: USD/ton)

November 17

November 20

% change

Lampung black pepper (Indonesia)

4.128

4,077

-1.25

Brazilian black pepper ASTA 570

3,000

3,000

0

Kuching black pepper (Malaysia) ASTA

4,900

4,900

0

At the same time of the survey, the price of Muntok white pepper increased by 0.56% compared to the previous session, while Malaysian ASTA white pepper prices had no new adjustments.

Type name

World white pepper price list (Unit: USD/ton)

November 17

November 20

% change

Muntok white pepper

6,254

6,289

0.56

ASTA Malaysian white pepper

7,300

7,300

0

According to Ba Ria – Vung Tau electronic newspaperin the past 7 years, when pepper prices have continuously dropped sharply, pepper growers in provinces such as Chau Duc and Xuyen Moc districts, Ba Ria – Vung Tau province are no longer interested in investing and taking care of them.

From mid-2006, pepper entered a cycle of price increases. Prices continuously peaked, reaching 220 thousand VND/kg in 2015.

The high income from pepper has caused people to rush to grow pepper, causing the area of ​​pepper to increase rapidly in key pepper growing areas, including Ba Ria-Vung Tau…

Specifically, in 2016, the pepper area in Ba Ria-Vung Tau increased to 13,000 hectares, exceeding the plan by 5,000 hectares. However, when pepper prices plummeted and at one point reached the bottom of about 34,000 VND/kg, households cut down pepper trees and switched to other crops.

In the period 2013-2015, with an area of ​​about 2 hectares of pepper trees yielding nearly 5 tons/year, Mr. Le Tuan Nin (Tan Binh village, Bau Chinh commune, Chau Duc district) collected billions of dollars each year.

However, in 2016, when pepper prices hit rock bottom, he decided to cut down 0.8 hectares of pepper to switch to growing durian and avocado. The remaining 1.2 hectares of pepper he just maintains and takes care of.

According to Mr. Nin, it is regrettable to cut down part of the pepper area to grow other crops, but the price of pepper is too low, while the care and investment costs are high, so the more you do it, the more you lose.

In addition, Mr. Nguyen Chi Duc, Director of the Provincial Department of Crop Production and Plant Protection, said that the reason for the sharp decrease in pepper area is due to the continuous decline in pepper prices in recent years, and the current selling price is Black pepper ranges from 40-75,000/kg.

Meanwhile, input costs such as fertilizers, pesticides, gasoline, care labor, harvesting labor… have increased so the pepper industry faces many difficulties.

Image: Peaceful

Update rubber prices

At the Tokyo Commodity Exchange (TOCOM), rubber price The November 2023 delivery term reached 252.1 yen/kg, with no change at the time of the survey at 6:00 a.m. (Vietnam time).

On the Shanghai Futures Exchange (SHFE), the price of RSS3 rubber for January 2024 delivery was adjusted to 14,440 yuan/ton, up 0.77% (equivalent to 110 yuan). compared to previous transactions.

According to the latest report of Department of Import and Export (Ministry of Industry and Trade)in the third quarter of 2023, rubber prices recovered compared to the previous quarter.

Specifically, natural rubber prices have increased again since mid-August 2023 and will continue to increase in October 2023. The increase in rubber prices is supported by the gradual improvement of production activities in China, helping to reduce rubber inventories.

In addition, China has many policies to promote the electric vehicle industry, which also have a positive impact on total rubber demand.

Meanwhile, China’s tire exports tend to increase in both output and price, leading to increased demand for rubber imports in the first 3 quarters of 2023.

Rubber prices are expected to remain high from now until the end of the year, thanks to high oil prices and recovering demand from China.

In October 2023, rubber prices on major exchanges in Asia fluctuated. Although they decreased in recent sessions, prices still increased sharply compared to the previous month.

Recorded at the Osaka Exchange (OSE) in Japan, the price of RSS3 rubber delivered for November 2023 futures increased to the highest level of the month on October 19 (to 274.5 yen/kg), after Prices have decreased again in recent sessions, but compared to last month, prices still increased sharply.

On October 27, RSS3 rubber price for November 2023 delivery was at 252.4 yen/kg (equivalent to 1.68 USD/kg), up 11.5% compared to the end of September 2023 and increasing. 14.5% over the same period in 2022.

At the same time, at the Shanghai Futures Exchange (SHFE), spot rubber prices increased to the highest level of the month on October 17 (to 13,480 yuan/ton), then decreased slightly again. again, but still increased compared to the end of last month.

According to records, the futures price of RSS3 rubber delivered on October 27 is close to 13,070 yuan/ton (equivalent to 1.78 USD/kg), up 3.9% compared to the end of September 2023 and increasing. 7.6% over the same period in 2022.

The week to October 20, the amount of natural rubber inventory on the Shanghai Futures Exchange was 246,145 tons, an increase of 2,395 tons compared to the previous week.

The amount of goods collected in warehouses was 225,180 tons, an increase of 5,790 tons compared to the previous week. Rubber inventory No. 20 is 76,104 tons, an increase of 3,326 tons; Warehouse imports were 73,282 tons, an increase of 2,319 tons compared to the previous week.

In Thailand, rubber prices increased sharply compared to the previous month. Recorded on October 27, RSS3 rubber price offered at 60.79 baht/kg (equivalent to 1.68 USD/kg), an increase of 8.6% compared to the end of September 2023 and an increase of 13.6 % compared to the same period in 2022.

Since the beginning of this year’s mining season, Thailand’s output has decreased by more than 10% each month compared to the corresponding month of the previous year. This is largely due to disruptions in exploitation due to almost continuous rain across key rubber growing regions of Thailand.


The article is in Vietnamese

Tags: domestic market remains stable

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