Pepper prices today (July 10) ranged from 68,000 to 71,000 VND/kg. In the past 6 days, the pepper market has tended to be stable, only recording fluctuations of 1,000-1,500 VND/kg on Saturday (July 9).
Update domestic pepper prices
Pepper prices this week generally tended to move sideways in key provinces in the country. But compared to the beginning of the week, the purchasing price decreased by 1,000-1,500 VND/kg, with the fluctuation recorded yesterday (July 9).
Currently, the lowest price is 68,000 VND/kg, both in Gia Lai and Dong Nai provinces.
Also recording the price of 69,000 VND/kg at the weekend are the two provinces of Dak Lak and Dak Nong.
The purchasing price of pepper in Binh Phuoc and Ba Ria – Vung Tau, respectively, reached VND 69,500/kg and VND 71,000/kg, respectively.
Price volatility in the past week. Unit: VND/kg. Summary: Thao Vy
Update information on world pepper
In April 2022, German pepper imports recorded the lowest level in recent years. Geopolitical tensions in Eastern Europe have reduced demand for pepper in Germany.
According to the International Trade Center (ITC), German pepper imports in April 2022 reached 1.52 thousand tons, worth $8.21 million, down 30.1% in volume and 28.1% in value compared to March 2022, compared with April 2021, down 37.2% in volume and 13.5% in value.
Generally in the first 4 months of 2022, Germany imported 7.4 thousand tons of pepper, worth 37.8 million USD, down 24.9% in volume, but up 9.0% in value over the same period last year. 2021.
In April 2022, the average import price of pepper to the German market reached $5,390/ton, up 2.8% compared to March 2022 and 37.8% higher than April 2021.
In the first 4 months of 2022, the average import price of pepper to the German market reached 5,101 USD/ton, up 45.2% over the same period in 2021.
In which, the average import price of pepper from most of the main sources increased, except for the import price from India, which decreased by 12.2%, to USD 5,790/ton.
Supply structure in the first 4 months of 2022, Germany imported pepper mainly from Brazil and Vietnam. According to ITC, Germany’s pepper imports from Brazil reached 3.24,000 tons, worth $14 million in the first four months of 2022, down 36.1% in volume, but up 2.0% in value over the same period. period 2021.
Brazil’s pepper market share in total German imports decreased from 51.44% in the first 4 months of 2021 to 43.8% in the first 4 months of 2022.
In the first 4 months of 2022, Germany imported 2.81 thousand tons of pepper from Vietnam, worth 14.51 million USD, down 8.7% in volume, but up 34.3% in value over the same period last year. year 2021.
Vietnam’s pepper market share in Germany’s total imports increased from 31.27% in the first 4 months of 2021 to 38.02% in the first 4 months of 2022, according to the latest report from Import and Export Department (Ministry of Industry and Trade).
According to VietnamBiz.vn
