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The volume of wholesale black pepper consumed and exported is enormous, allowing those who produce wholesale black pepper in large quantities to earn a lot of money. However, in order to buy black pepper high quality, buyers need to have a certain knowledge about black pepper.
Mục lục
In general, black pepper consumption is showing a strong expansion all over the world.
Black pepper is an extremely popular spice in the world, not only as a spice for dishes but also as a medicine in medicine, helping to prevent and cure many diseases.
Wholesale black pepper consumption is continuing to grow at a rapid pace. The year with the highest rate of growth was 2011 when the market value climbed by 26% over the previous year. In 2017, worldwide pepper consumption reached a high of $4.2 billion and is increasing quickly in the near years.
United States
According to data from the US International Trade Commission, in September, the US imported 8,633 tons of black pepper, up 12.2% over the same period last year. In the first 9 months of this year, the US imported 73,844 tons of pepper in total, up 14.1% over the same period.
India
Currently, India is entering the festival season at the end of the year, so the demand for this country’s black pepper imports has increased sharply. According to data from India’s Ministry of Trade and Industry, the country’s black pepper imports in September reached nearly 2000 tons, up 39.1% compared to September 2020. In total, in the first 9 months of the year, India imported 28,994 tons of pepper, up 43.52% over the same period last year.
As importers stepped up to stock up for the year-end holiday season, world pepper prices continued to rise in the first part of October.
In the first half of October, the export price of black pepper at the Indonesian port of Lampung ASTA jumped by $50/ton to $4,400/ton. Export prices of black pepper 500g/l and 550g/l in Ho Chi Minh City climbed by 4.7-4.8 percent (200 USD/ton) compared to the end of last month, reaching 4,390 – 4,490 USD/ton in the day. 10/14. In the first half of October, the export price of black pepper in Brazil increased by $200 per ton to $4,200 per ton. Brazil continues to offer pepper at the cheapest pricing on the market.
Wholesale black pepper sources are primarily determined by total pepper production. The harvest season – which varies by country – is when pepper trees produce high quality and quantity products.
Supply for wholesale black pepper:
Global pepper production decreased by 3.3%
In the report of the second quarter of 2021 of the International Pepper Association (IPC), IPC estimated global pepper production to reach 574,000 tons in 2021, down 3% from the previous year. The global black pepper trade is mainly distributed by Vietnam, Indonesia, and Brazil. In which, wholesale black pepper prices are dominated by Vietnam and Brazil.
According to IPC, the decline in global output in 2021 is mainly due to a contraction of 8% in Vietnam, while Indonesia’s output increased slightly by 3% and Brazil remained stable.
Demand for wholesale black pepper
If demand is excessively great in comparison to supply, prices will rise suddenly at a certain point in time. As previously stated, a similar situation occurred in August of 2021, resulting in wholesale black pepper prices in Vietnam, Indonesia, and Brazil is 43-45 percent higher than they were at the start of the year and 62-83 percent higher than the same period the previous year.
Government Policies
Government policies are inextricably linked to a successful wholesale black pepper business. For example, businesses benefit from the government’s cooperation in signing the EVFTA because the tariff is abolished to the tune of 99 percent. This caused wholesale black pepper prices to drop when traded, resulting in the growth of the pepper industry. Viet Nam has become one of the world’s major pepper exporters as a result of the EVFTA Agreement.
Shipment
Especially in the Covid – 19 epidemic, cargo payment is critical in selecting whether or not to purchase agricultural items like pepper. The high cost of shipping raises the expense of purchasing wholesale black pepper, potentially reducing each country’s competitive advantage in the long run.
Here are the top three well-known wholesale black pepper vendors to consider:
Cocoa, coffee, dairy, almonds, and spices are among OFI’s most well-known raw materials and ingredient platforms. Quality, traceability, and risk can all be managed better with comprehensive involvement at every stage of the pepper supply chain.
K-Agriculture is one of the world’s biggest black pepper manufacturers, exporting wholesale black pepper to more than 100 countries. The company’s motto is “Quality is King,” and it ensures product quality in all conditions. The company’s reputation can be conveyed not only by the established product quality but also by the ingenious board of directors led by Mr. Daniel Trong Quy.
Baria pepper was founded in 1985 with the goal of using its extensive understanding of both the product and the local market to reach out to more customers both domestically and globally. The pepper from Baria has been sold to the United States, Europe, the Middle East, and other Asian countries. Baria pepper has a significant advantage in managing the quality and pricing of the pepper due to its strong ties with local farmers.