| Domestic pepper prices are flat and on a downward trend. On the market next time, there are 2 opposite flows of judgment. (Source: Vinapro) |
Update world pepper prices
On the world market, at the end of the last session, spot pepper prices at Kochi – India were at Rs 39,500 / quintal (highest) and 39,250 rupees / quintal (lowest), sideways compared to the previous session. there.
The cross rate of Vietnam dong against the Indian Rupee (INR) on April 27 was applied by the State Bank to calculate the import and export tax of 308.86 VND / INR.
Domestic pepper prices
Today’s pepper prices in the domestic market were traded at VND 65,000 – 69,000 / kg locally.
Specifically, today’s pepper price in Gia Lai, Dong Nai is the lowest on the market at 65,000 VND / kg.
Today’s pepper prices in the provinces of Dak Nong, Dak Lak (67,000 VND / kg); Binh Phuoc (68,000 VND / kg) and Ba Ria – Vung Tau were at the highest threshold of 69,000 VND / kg.
Domestically, this year’s pepper harvest is coming to an end. Many localities have finished the harvesting, people are taking care of washing the trees, stopping the water … preparing the upcoming pepper crop, as well as taking care of the trees when the rainy season approaches.
Currently, domestic pepper prices are still moving sideways and tending to decrease since the peak of 80,000 VND / kg. On the market next time, there are 2 opposite flows of judgment.
Accordingly, although Vietnam’s pepper output this year decreased, the demand for pepper on the world market increased by 2-3% / year on average. And the annual global pepper output increases by 8-10%. This also means that the world supply of pepper is still much higher than demand.
Proponents of this view forecast that if pepper spills in from abroad, pepper prices will continue to fall. The speculation and “hoarding” of goods are currently at a high level and the selling price may drop sharply in the near future.
In the opposite direction, experts advise farmers to continue to be cautious, avoid selling massively at the end of the crop. Because cash flow stuck in exports in March 2021 will return in the next few weeks. The domestic market will be “pumped” with a large amount of money.
At this time, the export units will increase the purchasing power at low prices, which will push the pepper prices up again. It is expected that this time will fall in mid-May 2021.
Responding to the press, Mr. Nguyen Nam Hai, Chairman of the Vietnam Pepper Association (VPA) said that, after the third wave of Covid-19 epidemic, some countries have well controlled the epidemic, so the need to use pepper There is an increase, however, the increase is not significant.
Before the flow of information that, even though the 2021 pepper crop has been harvested, people have not sold much, most of them are stockpiling pepper and waiting for the price, Mr. Hai said that the current world demand for pepper has increased but not yet so high. storage, the risk will be high.
VPA President explained further, currently the demand and prices have increased moderately, while the Covid-19 outbreak has been booming in countries such as India, Brazil (the leading producer and consumer of pepper in the world. ) so there is no doubt that demand in these countries will decrease, leading to a further fall in raw material prices.
According to BQT
