Pepper prices today (July 2) ranged from 67,500 to 71,000 VND/kg. Last week, the pepper market tended to go down and fell sharply at the end of the week. Compared to the beginning of the week, the key provinces recorded a decrease from 1,500 VND/kg to 2,000 VND/kg.
Update domestic pepper prices
Pepper price This week tended to be stable at the beginning of the week, then continuously decreased in the last three days of the week. Compared to the beginning of the week, the purchasing price in key provinces decreased by 1,500-2,000 VND/kg.
According to the survey, the lowest price is currently 67,000 VND/kg recorded in Gia Lai province. Next is Dong Nai province with the price of 67,500 VND/kg. It can be seen that pepper prices in these two localities are adjusted down by 2,000 VND/kg.
At the same time, the purchasing price of the two provinces of Dak Lak and Dak Nong also decreased by 2,000 VND/kg, currently at the same price of 68,000 VND/kg.
Similarly, pepper prices in Binh Phuoc and Ba Ria – Vung Tau decreased by 2,000 VND/kg and 1,500 VND, respectively, to 69,000 VND/kg and 70,000 VND/kg, respectively.
Price volatility in the past week. Unit: VND/kg. Synthetic: Peaceful
Update pepper information
In May 2023, pepper exports to the Chinese market remained high, while other major markets such as the US, UAE, Germany, the Netherlands, etc. showed signs of increasing again.
Specifically, the amount of pepper exported to the Chinese market in May increased by 2.6% over the previous month to 10,255 tons; to the US increased by 41%, reaching 5,459 tons; UAE increased by 137.1%, reaching 1,679 tons; Germany increased 10.1% to 1,047 tons; The Netherlands increased by 11.4%…
However, in the first 5 months of the year, except for the strong recovery of the Chinese market, Vietnam’s pepper exports to many other main markets tended to decrease.
Accordingly, China has risen to the number one position in our country’s pepper export market in the first 5 months of the year with a record volume of 46,169 tons, worth US$98.8 million, an increase of nearly 18 times (1,669) %) in volume and 12 times in value over the same period last year.
The fact that China fully opened its border at the beginning of this year after nearly 3 years of closure against the epidemic has helped Vietnam’s pepper exports to this market prosper again.
In terms of market share, China currently accounts for 35.1% of Vietnam’s total pepper export volume, up sharply from a modest 2.6% in the same period last year.
According to VietnamBiz.vn
