Pepper price today (May 14) fluctuates in the range of 73,000 – 76,500 VND/kg. Last week, the pepper market tended to go up, then suddenly dropped at the end of the week. Compared to the beginning of the week, the key provinces recorded a fluctuation of 2,000 – 2,500 VND/kg.
Update domestic pepper prices
Pepper price This week continuously increased in key provinces, but decreased again on Saturday (May 13). Compared to the beginning of the week, the purchase price in the domestic market increased from 2,000 VND/kg to 2,500 VND/kg.
According to the survey, the lowest price currently at 73,000 VND/kg was recorded in Gia Lai province, an increase of 2,000 VND/kg compared to Monday. Next is Dong Nai province, which is currently priced at 74,000 VND/kg – an increase of 2,500 VND/kg.
After the same increase of 2,500 VND, the two provinces of Dak Lak and Dak Nong are currently purchasing pepper at the same rate of 74,500 VND/kg.
Similar, pepper price in Binh Phuoc and Ba Ria – Vung Tau also increased by 2,500 VND/kg, reaching 76,000 VND/kg and 76,500 VND/kg respectively.
Price volatility in the past week. Unit: VND/kg. Synthetic: Peaceful
Update pepper information
Recording data from leading producing countries shows that pepper trade is showing signs of recovery in the world’s two leading pepper producing countries, Vietnam and Brazil, but continues to decline in Indonesia and Brazil. India. Besides, strong demand from China and Arab countries is compensating for the decline of the US and Europe.
According to data from the Brazilian State Center for Foreign Trade Statistics (Comex Stat), export Brazil’s consumption in March increased sharply by 24% over the previous month, to 7,752 tons, respectively.
By the end of the first quarter of this year, Brazil’s pepper exports reached 20,363 tons, worth 57.2 million USD, up 1.1% in volume but down 29.5% in value over the same period last year.
Besides, the export price of Brazilian pepper in the first quarter of 2023 was recorded at an average of 2,807 USD/ton, down 30% compared to the first quarter of 2022.
According to VietnamBiz.vn
