Pepper prices today 20/5, pepper prices in the South and Central Highlands increased 500 VND / kg, today's pepper prices recorded the highest since early 2020.
Pepper prices today 20/5, pepper prices in the South and Central Highlands increased 500 VND / kg, today's pepper prices recorded the highest since early 2020.
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Pepper price today 20/5
Update pepper prices today 20/5, pepper prices increased throughout the focus areas of the Central Highlands and the South. Pepper prices today recorded an increase of VND 500 / kg.
Early this morning (May 20), pepper prices in the Central Highlands and the South went sideways after the previous strong increase. World pepper prices continue to fall.
Pepper prices today were the highest at VND 43,500 / kg, recorded in Ba Ria – Vung Tau, the lowest was VND 40,500 in Gia Lai.
Specifically, prices of pepper in Dak Nong (Gia Nghia) and Dak Lak (Ea H’leo) traded at VND 41,500 / kg.
Pepper prices in Ba Ria – Vung Tau provinces soared to VND 43,500 / kg.
Pepper price in Binh Phuoc was purchased at 42,500 VND / kg.
Particularly, pepper prices in Dong Nai after many days of increase are selling at 41,500 VND / kg.
Pepper price in Gia Lai is priced at VND 40,500 / kg. This is still the lowest price in the Central Highlands provinces and the South.
This is still the lowest price in the Central Highlands provinces and the South. In the context of complicated COVID-19 epidemic, slowing exports, Vietnamese pepper needs to be upgraded in processing to improve product value and at the same time improve its competitiveness in the world market during the period. next time
World pepper prices
Spot prices of world pepper at Kochi (India) fell by Rs 100 a quintal, or 0.30%, to Rs 32,750 a quintal. Pepper prices for May delivery were unchanged at Rs 20,530 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.
At present, Vietnam's pepper harvest reaches over 50% of the production, estimated this year's crop reaches about 250,000 tons. In particular, the inventory of 2019 will turn to about 90,000 tons.
Thus, Vietnam's pepper supply is estimated at 340,000 tons. In India, the country's pepper output is estimated to increase 20,000 tons compared to 2019, to 65,000 tons in 2020.
