Pepper prices today 12/5, pepper prices in the Central Highlands and the South increased in the first session of the week added 2,500 – 3,000 VND / kg, helping pepper to the highest in the beginning of the year.
Pepper prices today 12/5, pepper prices in the Central Highlands and the South increased in the first session of the week added 2,500 – 3,000 VND / kg, helping pepper to the highest in the beginning of the year.
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Pepper price today 12/5
Update pepper prices today 12/5, pepper prices in the South and Central Highlands highest increase since the beginning of the year, pepper prices exceeded 41,000 VND / kg. The sharp increase in pepper prices has helped people reduce difficulties.
Experts expect pepper prices to rise this week as commodity markets show signs of increasing purchases after many countries lift social measures.
As of 6am this morning 12/5, recorded the price of pepper today in the Central Highlands and the southern highest at 42,500 VND / kg recorded in Ba Ria – Vung Tau, the lowest 40,000 VND in Dong Nai.
Specifically, pepper prices in Dak Nong (Gia Nghia) and Dak Lak (Ea H’leo) increased by VND 2,500 / kg, to VND 41,000 / kg.
Particularly, the price of pepper in Gia Lai increased the most by VND 3,000 / kg to VND 41,000 / kg
Pepper prices in Ba Ria – Vung Tau provinces also increased by 2,500 VND / kg, to 42,500 VND / kg.
Pepper price in Binh Phuoc increased by VND 2,500 / kg to VND 41,500 / kg.
Pepper prices in Dong Nai have increased by at least VND 1,000 / kg to VND 40,000 / kg.
This is still the lowest price in the Central Highlands provinces and the South. In the context of the complicated COVID-19 epidemic, slowing exports, Vietnamese pepper needs to upgrade processing to improve the value of its products. At the same time improve the competitiveness in the world market in the near future
World pepper prices
Spot prices of world pepper at Kochi (India) fell by Rs 200 a quintal, or 0.60%, to Rs 32,900 a 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.
According to the Nedspice Group forecast, although global pepper production is expected to decline by about 12% in 2020, the inventory is expected to be still higher than the total demand in the market.
In India, the country's pepper output is estimated to increase 20,000 tons compared to 2019, to 65,000 tons in 2020. According to statistics from India's Cogencis Information Services Ltd, imports of black pepper of this country in February 2020 decreased by 33% compared to February 2019, to 1,282 tons.
On the world market, pepper prices in April fluctuated unevenly between markets. Prices of black pepper delivered at ports of Brazil and Malaysia were stable, while prices in India tended to decrease. In contrast, pepper prices of Vietnam and Indonesia tend to increase.
Specifically, pepper prices at Brazilian ports were kept at US $ 2,000 / ton, in Kuching (Malaysia) kept at US $ 3,685 / ton.
In India, the country's pepper output is estimated to increase 20,000 tons compared to 2019, to 65,000 tons in 2020.
