Pepper prices today (December 18) fluctuated in the range of 57,500 – 60,000 VND/kg. Last week, the pepper market recorded three consecutive days of decline. Compared to the beginning of the week, the key localities have a decrease of 1,500-2,000 VND/kg.
Update domestic pepper prices
Pepper prices this week tend to go down. Compared to the beginning of the week, the purchase price in key provinces decreased by a total of 1,500-2,000 VND/kg.
According to the survey, the lowest price at the weekend of 57,500 VND/kg was recorded in Dong Nai and Gia Lai, down 1,500 VND/kg and 2,000 VND/kg respectively.
The two provinces of Dak Lak and Dak Nong both decreased by 2,000 VND/kg, currently having the same purchasing price of 58,500 VND/kg.
Similarly, pepper prices in Binh Phuoc and Ba Ria – Vung Tau also decreased by 2,000 VND/kg to 59,000 VND/kg and 60,000 VND/kg, respectively.
Price volatility in the past week. Unit: VND/kg. Synthetic: Thao Vy
Update pepper information
According to statistics from the American Center for International Trade, 10 months of 2022, this country’s pepper imports reached 76.11 thousand tons, worth approximately $379.8 million, down 5.4% in volume. , but increased by 27.9% in value over the same period in 2021.
The average import price of US pepper in the 10 months of 2022 reached $4,990/ton, up 35.2% over the same period in 2021.
In which, the average import price of US pepper increased sharply from most of the main sources, excluding China, down 2.4%, to US$4,142/ton.
In the first 10 months of 2022, US pepper imports fell sharply from the markets of Brazil and India, but increased from the markets of Vietnam, Indonesia and China.
Vietnam is the largest pepper supplier to the US in the first 10 months of 2022, the volume is approximately 55.77 thousand tons, worth 275.31 million USD, up 1.1% in volume and 38.7% in value. prices compared to the same period in 2021.
Vietnam’s pepper market share in total US imports increased from 68.55% in 10 months of 2021 to 73.27% in 10 months of 2022.
In contrast, the US reduced pepper imports from Brazil in the first 10 months of 2022, reaching 5.8 thousand tons, valued at USD 26.73 million, down 37.5% in volume and 8.4% in value compared to that of the US. same period in 2021.
Brazil’s pepper market share in total US imports decreased from 11.55% in 10 months of 2021 to 7.63% in 10 months of 2022, according to the latest report from Import and Export Department (Ministry of Industry and Trade).
According to VietnamBiz.vn
