| It is forecasted that next May, June, pepper prices will fall further, down to about 60,000 – 65,000 VND / kg. (Source: AdobeStock) |
Update world pepper prices
On the world market, at the end of the most recent session, spot price of pepper at Kochi – India was at 41,026.8 rupees / quintal (highest) and 40,766.65 rupees / quintal (lowest), slightly up. compared to the previous day.
The cross rate of Vietnam dong against the Indian Rupee (INR) on April 17 is applied by the State Bank to calculate the import and export tax of 308.15 VND / INR.
Domestic pepper prices
Today’s pepper prices in the domestic market were traded at VND 68,000 – 71,500 / kg in localities.
Specifically, today’s pepper prices in Gia Lai, Dong Nai were the lowest on the market at 68,000 VND / kg.
Today’s pepper prices in the provinces of Dak Nong, Dak Lak (69,500 VND / kg); Binh Phuoc (70,500 VND / kg) and Ba Ria – Vung Tau were at the highest threshold of 71,500 VND / kg.
It is forecasted that in the coming time, pepper prices are likely to decrease due to concerns about the Covid-19 epidemic, many countries expanding social gap, and decreasing consumption demand.
In the domestic market, at the beginning of April, the domestic price of pepper also decreased. In addition to the business delaying delivery due to an incident in the Suez Canal, the reduction in imports by China has also contributed to the false price of pepper.
In terms of specific numbers, the Import and Export Department cited, on April 9, 2021, domestic black pepper prices decreased by 1.3-2% in most production areas, but stabilized in Dong Nai, at 70,000-74,000 VND / kg. The price of white pepper was 108,000 VND / kg, down 1,000 VND / kg compared to the end of March, but much higher than 57,000 VND / kg in the same period in 2020.
Difficulties in logistics, falling pepper prices lead to a new trend among the population as well as speculators in contrast to the time about a month ago. That is to promote selling instead of hoarding goods and waiting for prices to increase.
Sharing with the press, Mr. Phan Minh Thong, Chairman of the Board of Directors of Phuc Sinh Group, said: “Someone wants to sell 500 – 1,000 tons, but the purchasing power of Phuc Sinh is only about 50-200 tons because they cannot export. Everything is stressful. High prices buyers less. The goods are full of stock but cannot export ”.
Leaders of Phuc Sinh Group said that in May and June, pepper prices will drop even more to about 60,000 – 65,000 VND / kg. That is because the pressure of delivery is not high. Next to July, August, the countries of Indonesia and Brazil in the harvest will make pepper more plentiful.
According to BQT
