Pepper price today 7/8/2021: Simultaneously increased by 500 – 1,000 VND/kg

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Pepper price today (August 7) ​​continued its upward trend on a large scale. Compared to yesterday, the key localities in the country simultaneously adjusted an increase of 500 – 1,000 VND/kg.

Update pepper price

By page tintaynguyen.com, pepper price today continued to increase in all surveyed locations.

Specifically, Gia Lai province increased by 1,000 VND/kg to 74,000 VND/kg. Along with an increase of 1,000 VND/kg, there are also two provinces of Dak Lak and Dak Nong with the recorded price of 75,000 VND/kg.

Compared to yesterday, the purchase price in the remaining provinces increased by 500 VND/kg. In which, Dong Nai province reached 73,000 VND/kg, Binh Phuoc and Ba Ria – Vung Tau provinces traded at 75,500 VND/kg and 76,500 VND/kg respectively.

Province/district (survey area)

Purchasing price (Unit: VND/kg)

Change (Unit: VND/kg)

DAK LAK

— Ea H’leo

75,000 won

+1,000

FAITH

— Chu Se

74,000 won

+1,000

DAK AGRICULTURE

— Gia Nghia

75,000 won

+1,000

BA RIA VUNG TAU

– Average price

76,500

+500

BINH PHUOC

– Average price

75,500

+500

DONG NAI

– Average price

73,000 won

+500

Looking back at the pepper market in the first half of this year, the sharp increase in the price of pepper in the past time is considered to be quite unexpected and exceeds the expectations of both businesses and pepper growers.

Right from the beginning of the year, most of the comments said that pepper prices in 2021 will hardly increase sharply because supply still exceeds demand and the COVID-19 epidemic causes a sharp drop in demand.

In addition, the shortage of empty containers and rising freight rates make the situation even more difficult. In addition, other major pepper producing countries such as Brazil and Cambodia have increased their output, thus putting pressure on the price of this item.

According to VietnamBiz

Pepper price today (August 7) ​​continued its upward trend on a large scale. Compared to yesterday, the key localities in the country simultaneously adjusted an increase of 500 – 1,000 VND/kg.

Update pepper price

According to tintaynguyen.com, pepper prices today continued to increase in all surveyed localities.

Specifically, Gia Lai province increased by 1,000 VND/kg to 74,000 VND/kg. Along with an increase of 1,000 VND/kg, there are also two provinces of Dak Lak and Dak Nong with the recorded price of 75,000 VND/kg.

Compared to yesterday, the purchase price in the remaining provinces increased by 500 VND/kg. In which, Dong Nai province reached 73,000 VND/kg, Binh Phuoc and Ba Ria – Vung Tau provinces traded at 75,500 VND/kg and 76,500 VND/kg respectively.

Province/district (survey area)

Purchasing price (Unit: VND/kg)

Change (Unit: VND/kg)

DAK LAK

— Ea H’leo

75,000 won

+1,000

FAITH

— Chu Se

74,000 won

+1,000

DAK AGRICULTURE

— Gia Nghia

75,000 won

+1,000

BA RIA VUNG TAU

– Average price

76,500

+500

BINH PHUOC

– Average price

75,500

+500

DONG NAI

– Average price

73,000 won

+500

Looking back at the pepper market in the first half of this year, the sharp increase in the price of pepper in the past time is considered to be quite unexpected and exceeds the expectations of both businesses and pepper growers.

Right from the beginning of the year, most of the comments said that pepper prices in 2021 will hardly increase sharply because supply still exceeds demand and the COVID-19 epidemic causes a sharp drop in demand.

In addition, the shortage of empty containers and rising freight rates make the situation even more difficult. In addition, other major pepper producing countries such as Brazil and Cambodia have increased their output, thus putting pressure on the price of this item.

According to VietnamBiz

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