This afternoon 11/8, prices of pail bucket in Ba Ria-Vung Tau is likely to increase to 118,000 VND / kg.
On the same day, domestic price of pepper in Ba Ria-Vung Tau was welcomed by traders to push the price to 116,000 VND / kg, thanks to the previous sessions, the term pepper price was stable at a high level, the world pepper price in the market. Kochi-India term ended with a plunging session. August delivery fell by Rs 1,030 to Rs 28,290 a quintal, equivalent to USD 6,294 / ton. Similarly, September and October tenors decreased Rs 972 and Rs 842, to Rs 28,832 a quintal and Rs 29,316 a quintal, equivalent to US $ 6,414 per ton and US $ 6,522 per ton.
In the following days, the price of pepper futures fluctuated, but the upward trend was still dominant. This shows that the impact of the US public debt crisis and Europe's economic recession seem irrelevant to the pepper market.
Many commentators said that, because the pepper market was too small in an obscure corner, the tornado of crisis and recession missed, but it is certain that pepper is an essential spice product, so it still grows steadily specified.
This morning, 11/8, the price of pepper at Ba Ria-Vung Tau was priced at 117,000 VND / kg, confirmed by traders to buy because the futures market last night ended with a strong growth session. . The terms of August, September and October increased by Rs 1,149, Rs 1,169 and Rs 1,150 to Rs 29,870 / kg, Rs 30,384 and Rs 30,787, equivalent to USD 6,645 / ton, USD 6,760 / ton and 6,849 USD /ton.
According to traders, if this momentum continues, at the end of the week, domestic pepper price will restore 120,000 dong / kg, which is the high level that pepper growers have been waiting for 4 months.
Meanwhile, export prices of pepper in recent days have not changed significantly.
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