Pepper prices today 21/3, the South and Central Highlands is about to harvest pepper in 2020, with pepper growers they set hopes and questions about whether prices rise?
Pepper prices today 21/3, the South and Central Highlands is about to harvest pepper in 2020, with pepper growers they set hopes and questions about whether prices rise?
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Pepper price today 21/3
Opening the session of pepper prices today in the South (Phu Quoc, Ba Ria Vung Tau, Dong Nai, Binh Phuoc) as well as the Central Highlands (Dak Lak, Dak Nong, Gia Lai) quietly fluctuated at 36,000 – VND 39,500 / kg.
Pepper is cultivated mainly in the South and Central Highlands, although the price of pepper has decreased continuously over the years, many people still cling to the hope that one day “black gold” will rise again. Before the new harvest, the price of pepper in the Central Highlands and the South will increase, even a little, it will help growers to offset the cost of planting, tending and fertilizer costs.
The whole region recorded the highest pepper price at VND 39,500 / kg recorded in Ba Ria – Vung Tau, the lowest was VND 36,000 in Dong Nai.
Specifically, today's pepper price in Chau Duc (Ba Ria – Vung Tau) is 39,500 VND / kg, this is the locality with the highest pepper price in the whole region.
Prices of Dak Lak (Ea H’leo) and Dak Nong (Gia Nghia) are also high at VND 38,000 / kg.
Today's pepper price in Dong Nai is about 36,000 VND / kg.
Particularly, pepper price in Gia Lai (Chu Se) is priced at 37,000 VND / kg.
Binh Phuoc pepper prices were kept at VND 38,500 / kg.
Inadequacies with the current Vietnamese pepper industry, high-value products such as white pepper (skull pepper) with high added value only account for 10-15% of the total output. Vietnam pepper is still mainly exported, always competing with prices in the low segment.
Vietnam pepper is still mainly exported, always competing with prices in the low segment.
Pepper prices today 21/3, prices increased in the South, Central Highlands, prices of Phu Quoc, Vung Tau, Dong Nai
Yesterday morning, world spot prices at Kochi (India) continued to increase by Rs 35 a quintal, equivalent to 0.11%, to Rs 33,135 a quintal. The price of pepper delivered in March 2020 went sideways at Rs 32,563.65 / quintal. September pepper price (SMX – Singapore) in September remained stable at 6,500 USD / ton.
Vietnam's pepper exports were affected by the Chinese side temporarily closing the land border gates to control the Covid-19 epidemic. Calculations from the General Department of Customs statistics show that Vietnam exports pepper to China mainly through Lao Cai and Thanh Thuy (Ha Giang) border gates, accounting for 55.9% and 31 respectively, 8% of total exports.
Besides the impact of the Covid-19 epidemic, Mr. Hoang Phuoc Binh – Permanent Vice Chairman of the General Secretary of Chu Se Pepper Pepper Association – said that the source of the attack was due to an imbalance between supply and demand. When the supply of area, productivity, output of both Vietnam and the world has increased in recent years, the demand for pepper has increased only by 2 – 2.5% / year.
