Pepper prices today (July 31) ranged from 70,000 to 73,500 VND/kg. In the past 6 days, the pepper market tended to go up. Provinces and cities recorded an increase of 1,000-1,500 VND/kg compared to the beginning of the week.
Update domestic pepper prices
Pepper prices this week tend to go up in key provinces in the country. Compared to the beginning of the week, the purchase price increased by 1,000-1,500 VND/kg.
According to the survey, the lowest price of 70,000 VND/kg is present in the two provinces of Gia Lai and Dong Nai.
Also recording the price of 71,000 VND/kg at the weekend are the two provinces of Dak Lak and Dak Nong.
Currently, the purchasing price of pepper in Binh Phuoc and Ba Ria – Vung Tau reaches 72,000 VND/kg and 73,500 VND/kg, respectively.
Price movements in the past week. Unit: VND/kg. Summary: Thao Vy
Update information on world pepper
Global pepper trade in the first half of this year recorded a sharp decline compared to the same period last year. Export volume of leading suppliers such as Vietnam, Brazil, Indonesia decreased by 19.7%, 17% and 16% respectively.
Pepper demand in China, one of the world’s largest importers, decreased due to the Zero COVID policy and fluctuations around the conflict in Ukraine are the main reasons why the market has become less active in the past few years. last time.
Due to the harvest season, Brazil’s pepper exports increased sharply by 57.2% in June compared to the previous month, reaching 7,496 tons, according to data from the Brazilian State Center for Foreign Trade Statistics (Comex Stat).
However, in the first 6 months, Brazil’s pepper exports only reached 39,922 tons, down 17% compared to the same period last year and the lowest level in the past 4 years.
But the value earned from pepper exports still increased sharply by 20.9%, to 160 million USD. The main reason is because the export price of Brazilian pepper has increased by about 45% over the same period, reaching an average of 4,018 USD/ton.
The structure of Brazil’s pepper export market in the first half of this year had many fluctuations. Major consuming markets last year such as the UAE, the US, Egypt, the EU (Germany, the Netherlands, France, Italy, etc.) all reduced their imports of Brazilian pepper.
According to VietnamBiz.vn
