Pepper prices today 1/2/2021: Traders are increasing their buying prices

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Pepper prices today in the country on 1/2/2021 tended to increase slightly. As noted, many traders are purchasing pepper at a price higher than the market price.

Update the latest pepper prices today 1/2/2021

Domestic pepper prices today

Today half pepper prices in the country are stable at high prices.

Specifically, pepper prices in Dak Lak, Dak Nong today purchased at 51,500 VND / kg.

Today’s pepper prices in Gia Lai province were traded at VND 51,000 / kg.

Pepper prices in Dong Nai today remained at VND 51,000 / kg.

In Ba Ria – Vung Tau, pepper prices today were at 53,500 VND / kg.

In Binh Phuoc province, pepper prices today are trading at 52,500 VND / kg.

In 2020, with domestic pepper prices at the end of December of about 53,000 – 56,000 VND / kg, an increase of about 13,000 – 14,000 VND / kg compared to the end of 2019. Prospects of the world pepper market in 2021 is likely to be Continuing the trend of 2020: Output decreases and prices rise slightly.

As noted, some local traders can buy at a price higher than the market price of 1,000-2,000 VND / kg, taking advantage of the big selling pressure before Tet, but less buyers. They estimate that after Tet, despite the massive supply due to the new harvest, the buying volume will also increase, so the price will continue to increase, not decrease.

Thus, the price of pepper today 1/2/2021 in the domestic market is trading at 51,000 – 53,000 VND / kg.

World pepper prices today

On the world market, pepper prices today, 1/2, were still in a downward trend.

At the end of the latest session, spot pepper prices at Kochi – India decreased by 83.35 rupees / quintal (0.24%) at 34,500 rupees / quintal.

The cross rate of VND against the Indian Rupe (INR) from January 28, 2021 to February 3, 2021 applied to calculate the export tax and import tax is 317.5 VND / INR.

Thus, the price of pepper today 1/2/2021 in the world market is still difficult to recover when the situation of Covid-19 in the world continues to be complicated, strongly affecting the market of agricultural products in general and pepper in general. private.

According to NNVN

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