| Pepper prices today April 16: The world and the country continued to decrease, with the lowest price of 67,000 VND / kg. (Source: Food Hacks) |
Update world pepper prices
On the world market, at the end of the most recent session, the spot price of pepper at Kochi – India was at Rs 40,433.35 / quintal (highest) and 40,250 rupees / quintal (lowest).
The cross rate of Vietnam dong against the Indian Rupee (INR) on April 15 is applied by the State Bank to calculate the import and export tax of 308.36 VND / INR.
Domestic pepper prices
Today’s pepper prices in the domestic market were traded at VND 67,000 – 72,500 / kg in localities.
Specifically, today’s pepper price in Gia Lai was the lowest in the market at VND67,000 / kg.
Today’s pepper prices in Dong Nai provinces (VND 69,000 / kg); Dak Nong, Dak Lak (70,500 VND / kg); Binh Phuoc (71,500 VND / kg) and Ba Ria – Vung Tau were at the highest threshold of 72,500 VND / kg.
According to the Import and Export Department, the remarkable thing on the Vietnamese pepper market in the first 2 months of 2021 is that the export of black pepper and white pepper decreased compared to the same period in 2020, but the export of black pepper ground and ground white pepper increased sharply.
Thus, the structure of Vietnam’s pepper export categories has changed dramatically in the first quarter of 2021. Businesses reduced the export of raw pepper, replacing them with highly processed pepper types. This helps to increase the added value of Vietnamese pepper.
However, the weakness of Vietnamese pepper is that even though enterprises with high-tech processing factories according to ASTA, ESA, JSSA standards … create diversified products, in general, Vietnamese pepper is mainly export value of raw materials, lower than the selling price of India and Malaysia.
Therefore, VPA encourages to improve product quality from planting, businesses invest in deep processing, clean processing, product diversification, and market diversification to penetrate deeply into the pepper supply chain. global.
Mr. Pham Thanh Chung, Director of Loc Quang Organic Pepper Cooperative in Loc Ninh District, Binh Phuoc Province, shared that pepper prices have been low for a long time, many growers are no longer eligible to follow. chasing pepper cultivation.
Meanwhile, Vietnam has a well-developed pepper industry, but the spice-processing industry is not strong. To overcome this, many businesses are now investing in diversifying processed products for domestic and export, in which Loc Quang organic pepper cooperative is an example.
Currently, Loc Quang Cooperative is planning more than 20 hectares of organic pepper to standardize the process and traceability from seedlings, care to the final product.
In particular, this cooperative promotes the processing of value-added products from pepper such as organic salt and pepper, organic pepper soaked in vinegar, pepper powder … and aims to improve the quality of these products in time. to export to Japan.
According to Ms. Dao Thi Lanh, Chairman of the Farmers Association of Binh Phuoc province, the development trend of Binh Phuoc pepper industry is to promote organic farming. Along with that, the businesses in the area intensify the deep processing also contribute to the development of the brand name Loc Ninh pepper which has been known for many years.
Average pepper export price in March this year is estimated at 2,867 USD / ton, slightly down from February, but up sharply by 38.6% compared to March 2020. Generally in the first quarter of 2021, the average export price of pepper reached 2,879 USD / ton, an increase of 31.5% over the same period in 2020.
According to BQT
