The fluctuations of pepper prices in recent days are actually led by agents and traders, instead of big exporting companies.
After pepper prices The world market at Kochi-India increased rapidly at the end of last week, according to the increase of all kinds of goods on the world market, surpassing the record milestone of 30,000 lakhs / quintal, which led to the increase of domestic pepper prices. skyrocketed after a rather long period of stagnation.
In the Southeast and the Central Highlands, prices of whole pepper buckets increased to VND 110,000 per kg from Saturday afternoon until Monday afternoon. While companies do not operate because of weekends, the rapid price increase is mostly done by agents and traders.
Through this, we also see the agility and timely leapfrog of this intermediary stratum team in the operation of our country's agricultural market today. It is this team that will provide the necessary and timely quantity of goods to large enterprises when they need goods for contractual delivery. They are also a storehouse for businesses, when businesses are reluctant to collect inventory because loan interest rates are too high. Agents and traders have helped dominate the pepper market increasingly stronger.
Ending the first trading session of the week, world pepper prices slowed down while mid-session prices sometimes dropped sharply, causing concerns among local speculators as well as domestic pepper reserves.
By the following day, about 1 hour after the world pepper trading floor opened, the liquidation of commodity funds increased sharply, causing the price of world pepper to plummet, leaving the mold of 30,000 Rup / quintal to the level of Rs 29,460 / quintal for the June term, reduced by 186 USD / ton.
Domestic price of pepper also moved away from VND 110,000 / kg to VND 108,000 / kg and continued to decrease.
Vietnam's export pepper grade of black pepper according to Asta standard is 6,300 – 6,400 USD / ton, semi-processed black pepper of 500 Gr / l price of 5,600 USD / ton and 550 Gr / l type of 5,900 USD / ton (FOB) .
While Indian pepper MG1 special type is priced at $ 6,800 / ton exported to the US, the price is very competitive and almost unchanged.
International agricultural speculators said the current price on the world floor is the price of paper goods, while the actual price is much lower.
According to observers, the amount of goods exported in Vietnam is very small because farmers continue to hoard goods not wanted to sell when prices are not up to expectations and speculators in the world do not want to sell at This price.
This morning 16/6, the price of buckets of pepper in Ba Ria-Vung Tau is at 106,000 VND / kg, while in other places 105,000 VND / kg. However, the sign of decline seems to have stopped.
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