The price of bucket pepper in Chu Se, Gia Lai has reached 110,000 VND/kg and in Chau Duc, Ba Ria-Vung Tau is 112,000 VND/kg – unexpected prices because they went up so quickly.
At the end of the trading session on April 8, on the Kochi-India exchange, pepper price increased sharply by 545 Rupees to 26,815 Rupees/100kg, corresponding to an increase of 121 USD, to 5,951 USD/ton, for the monthly term. 5. This is the closing session with a strong increase.
Thus, in just one week, from April 1 to April 8, the price of pepper on the world market increased to a total of $261/ton, accounting for 4.8%.
Movements on the world market showed that export prices of pepper became hotter than ever, prompting the rapid growth of bucket pepper prices in key producing countries. However, the uneven growth rate of each country also reflects the different impact of the world pepper market on each domestic market.
According to the author’s own survey in each domestic market, on April 4, it was recorded. Farmers in Tamataka and Kerala, India’s key pepper growing region, sell pepper at a bucket price of just over $3/kg. In Indonesia, the price of bucket pepper in Lampung and Sarawak regions, farmers also sold at 38,500 Rupiah/kg, or about $4,450/ton. In Brazil at the same time, the domestic price of pepper was stable at 7.75 Real/kg, or about 4,800 USD/ton. Meanwhile, in Chu Se, Gia Lai costs 101,000 VND/kg and in Ba Ria-Vung Tau it is 103,000 VND/kg.
By the afternoon of April 8, when it was reported that Chinese merchants had come to the garden’s house to “give money to porridge”, the price of pepper in buckets in Chu Se, Gia Lai rose to 110,000 VND/kg and in Chau Duc, Ms. Ria-Vung Tau is 112,000 VND/kg, at an unexpected price that goes up so quickly.
Meanwhile, the price of white pepper for export also in Ba Ria-Vung Tau is 125-130,000 VND/kg and red pepper, a specialty pepper, is 165-170,000 VND/kg.
At the end of the first quarter, the Vietnam Pepper Association has made a forecast, the price of pepper in buckets may be up to 120,000-130,000 VND/kg and the export price of pepper may be up to 8,000 USD/ton.
According to the CafeF
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