Pepper prices today 4/5, domestic pepper prices are expected to rise this week when the commodity market shows signs of increase in buying after many countries removed measures to socialize.
Pepper prices today 4/5, domestic pepper prices are expected to increase this week when the commodity market shows signs of increasing buying after many countries removed measures to remove social
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Pepper price today 4/5
Updated information from online exchanges as well as surveys of pepper growing localities in the South and the Central Highlands showed that pepper prices today (May 4) have not seen new developments.
However, according to experts, pepper prices will increase this week when commodity markets show signs of increasing buying after many countries removed measures of social separation.
As of 6am this morning 4/5, pepper prices in the Central Highlands and the Southern highest price at 39,500 VND / kg was recorded in Ba Ria – Vung Tau, the lowest 37,000 VND / kg in Gia Lai, Dong Nai.
Specifically, prices of pepper in Dak Nong (Gia Nghia) and Dak Lak (Ea H’leo) stood at VND 38,000 / kg.
Pepper prices in Ba Ria – Vung Tau provinces are the places with the highest pepper prices in the region when trading at 39,500 VND / kg.
Pepper price in Binh Phuoc was VND 38,500 / kg.
Pepper price in Gia Lai is 37,500 VND / kg
Meanwhile, pepper price in Dong Nai is VND 37,500 / kg.
In the context of complicated COVID-19 epidemic, slowing exports, Vietnamese pepper needs to upgrade processing to improve product value and at the same time improve competitiveness in the world market during the period. next time.
World pepper prices
Closing the week, the spot price of world pepper at Kochi (India) decreased by Rs 250 / quintal, by 0.75%, to Rs 33,100 / quintal. Pepper prices for March delivery remained unchanged, at Rs 32,530 a quintal. September pepper price (SMX – Singapore) in September remained stable at 6,500 USD / ton.
In the context of the complicated and ongoing Covid-19 pandemic spreading globally, pepper prices in the world market are likely to continue the downtrend in the near future, when subject to double effects. from pandemic and oversupply pressure.
It is forecast that in the coming time, the world pepper market will still be strongly affected by the Covid-19 pandemic. Disease movements are still complicated, especially in the US and Europe – the major pepper markets in the world, which will cause the import demand to plummet. Domestic pepper production is quite large, but Vietnam Men mainly export in raw form.
Main products of pepper include: Black pepper and white pepper powder, red pepper, green pepper in brine … Due to unreasonable processing structure, white pepper has The export value is high, but only accounts for 10-15% of the total output, resulting in a low value for the domestic pepper industry.
In addition, the pepper market also faces difficulties due to interrupted supply due to social isolation requirements and restrictions on clearance of goods from many countries around the world. In the long term, the global pepper market is forecast to remain under oversupply.
Pepper prices today 4/5, updated prices of Central Highlands, Southern, today pepper prices Phu Quoc, Vung Tau, Dong Nai
| Local survey | Purchase price | Change |
| DAK LAK | 38,000 | 0 |
| GIA LAI | 37,500 | 0 |
| Dak Nong | 38,000 | 0 |
| BA RIA VUNG TAU | 39,500 | 0 |
| BINH PHUOC | 38,500 | 0 |
| DONG NAI | 37,500 | 0 |
