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The domestic pepper market still has not had a positive signal as the price of pepper continued to move sideways and did not see many positive changes, stabilizing in the range of 55,500 - 58,000 VND/kg in key provinces in the country. Although it is difficult to forecast, pepper prices are expected to recover by the end of 2023. Domestic pepper prices are below the global market price According to the Import and Export Department...
For global coffee market, consumption is expected to rise by 3.3% to 170.3 million bags (60 kg/bag) in the 2022-2023 harvest, rising from 164.9 million bags in the 2020-2021 crop. Thus, consumption is predicted to exceed supply by 3.1 million bags. Production report of the coffee market in November 2022 The International Coffee Organization (ICO) anticipates global coffee production for the crop year 2022-2023 at 167.2 million bags, a...
In November 2022, Vietnamese pepper exported 16,425 tons, including 14,692 tons of black pepper and 1,733 tons of white pepper. Total export turnover reached 61 million USD, black pepper reached 51.8 million USD, white pepper reached 9.2 million USD. Pepper prices in November adjusted down, but the VND exchange rate was increasing strongly, causing pepper prices to rise again. Vietnamese pepper export situation in November, 2022...
Coffee is a well-known agricultural product in the general commodities market, as well as one of the world's most popular beverages today. The coffee market has seen significant fluctuations in recent times, due to the various negative effects that have impacted the global economic market. Let's find out the coffee market information and forecast the coffee market in 2023 Basic Information On The Coffee Market The coffee plant is a...
The downward trend in global pepper prices took place on a large scale in the first 9 months of this year due to the demand affected by China's Zero COVID policy, the Russia-Ukraine conflict leading to high inflation in many countries and the loss of the currency of the importing country against the USD. Global pepper production situation According to published information from major exporting companies in Brazil, Brazil's pepper...
As of the end of September, Vietnamese pepper price has decreased by 20-24% compared to the beginning of this year, to 63,500-66,000 VND/kg, the lowest level since March last year. High inflation pressure in other countries, weak demand due to China's Zero COVID policy are the main reasons why pepper prices have plummeted in recent times. Vietnamese pepper supply situation in Quarter III, 2022 Currently, pepper growers in Ba Ria -...
The International Coffee Organization (ICO) maintains its projection for global coffee supply in the 2021-2022 crop year at 167.2 million bags, a decrease of more than 2.1% from the previous crop. In the crop year 2021-2022, the global coffee market is predicted to face a shortfall of around 3.1 million bags. According to the Vietnam Coffee - Cocoa Association (VICOFA), due to the effects of climate change, the next harvest's...
For the crop year 2021–2022, the International Coffee Organization (ICO) predicts a global supply of 167.2 million bags of coffee, a decrease of more than 2.1% from the previous forecast. While consumption is anticipated to reach 170.3 million bags, up 3.3%. During the period 2021–2022, it is anticipated that the global coffee market would decline by 3.1–3.2 million bags. Discover global coffee market report in October 2022! The...
Pepper exports of Vietnam and the main supplying countries are forecasted to face many difficulties in the last months of the year and may last until the first quarter of 2023. Diversifying export markets is considered one of the key positive solutions to reduce pressure on the whole industry when inflation is becoming a big concern of many countries around the world. Pepper exports output decreased while price increased According to...
The domestic pepper market still has not had a positive signal as the price of pepper continued to move sideways and did not see many positive changes, stabilizing in the range of 55,500 - 58,000 VND/kg in key provinces in the country. Although it is difficult to forecast, pepper prices are expected to recover by the end of 2023. Domestic pepper prices are below the global market price According to the Import and Export Department...
For global coffee market, consumption is expected to rise by 3.3% to 170.3 million bags (60 kg/bag) in the 2022-2023 harvest, rising from 164.9 million bags in the 2020-2021 crop. Thus, consumption is predicted to exceed supply by 3.1 million bags. Production report of the coffee market in November 2022 The International Coffee Organization (ICO) anticipates global coffee production for the crop year 2022-2023 at 167.2 million bags, a...
In November 2022, Vietnamese pepper exported 16,425 tons, including 14,692 tons of black pepper and 1,733 tons of white pepper. Total export turnover reached 61 million USD, black pepper reached 51.8 million USD, white pepper reached 9.2 million USD. Pepper prices in November adjusted down, but the VND exchange rate was increasing strongly, causing pepper prices to rise again. Vietnamese pepper export situation in November, 2022...
