Pepper prices today 30/5, at the end of the month recorded today's pepper prices in the Central Highlands, the South increased by 10,000 VND / kg, pepper prices have exceeded 60,000 VND / kg.
Pepper price today 30/5, at the end of the month recorded today's pepper price in the Central Highlands, the South increased by 10,000 VND / kg, pepper price has exceeded 60,000 VND / kg.
Table of Contents
Pepper price today 30/5
Update pepper prices today 30/5, the last days of May 2020 recorded pepper prices in the Central Highlands, the South increased shock. Since the end of last week until now, the price of pepper has been VND 10,000 / kg, pepper prices today increase over 60,000 VND / kg.
Earlier this morning (May 30), the whole region recorded the highest price of pepper today at VND 60,000 / kg, recorded in Ba Ria – Vung Tau, the lowest of VND 57,000 in Dong Nai, this is a high level. most over a year ago.
Specifically, in Dak Lak province, Dak Nong, today's pepper price increased sharply by VND 7,000 / kg, currently being purchased at VND 58,500 / kg.
In Gia Lai province, the price of pepper also increased by VND 7,000 / kg to VND 58,000 / kg.
In Ba Ria Vung Tau province, the price of pepper increased by 7,500 VND / kg to 60,000 VND / kg today, this is the locality with the highest price in the whole region.
Similarly, in Binh Phuoc province, the price of pepper today also increased 7,500 VND / kg to 59,000 VND / kg.
In Dong Nai province, pepper price increased by VND 7,000 / kg today to VND 57,000 / kg, the lowest price in the whole region.
Thus, the price of pepper throughout the region today ranges from 57,000 to 60,000 VND / kg. Although prices have shown signs of improvement, many pepper farmers said they are still “flooded” in difficulty.
World pepper prices
World spot prices of spot pepper at Kochi (India) were at Rs 32,900 a quintal (equivalent to VND 10 million a quintal). In some major producing countries, pepper production remained high. Although pepper price remained stable, the trading volume was not much. Farmers do not want to sell at current prices, so it does not bring the goods to primary markets.
Demand for the Muslim fasting month of Ramadan contributed to a spike in pepper prices in April, while the spread of the Covid-19 epidemic weakened the purchasing power of traditional markets.
According to IPC statistics, world pepper prices in April 2020 generally increased in some producing countries due to demand for the Muslim fasting month of Ramadan. In which, Indonesia ranked first with ASTA black increased by 9.68% and FAQ white pepper increased by 6.75%; Vietnam was next with black pepper 550 Gr / l up 7.46%, black pepper 500 Gr / l increased 7.58% and white pepper FAQ increased 5.15%. In contrast, Indian black pepper prices fell 1.52% as pepper growing states began selling crops to harvest new crops this year.
By the end of April, Vietnam's pepper harvest in 2020 has reached over 50% with an estimated production of 250,000 tons, inventory in 2019 will turn to about 90,000 tons, so the supply in 2020 is estimated at 350,000 tons. .
