According to international traders, in the past 10 days, prices of black pepper in some countries have increased by more than 3% and white pepper has increased by more than 5%, mainly due to winter consumption and New Year’s New Year consumption.
Following the same uptrend, yesterday Monday, October 29, the price of black pepper in Ba Ria – Vung Tau has increased to 61,000 VND / kg, the rest markets fluctuate between 59,000 – 60,000 VND / kg, in Gia Lai market is always at the lowest level of 58,000 VND. / kg. The price difference between local markets is mainly due to the cost of circulation.
Looking back at the price of pepper in the domestic market of Vietnam, on October 18, the price of black pepper ranged from 54,000 to 57,000 VND / kg depending on the local market, but today it increased to 58,000 – 61,000 VND / kg, which means an increase more than 7% (re-read the article “Export demand continues to drive up pepper prices”) higher than the average growth rate of the world. Meanwhile, white pepper prices also increased, fluctuating from 85,000 to 86,000 VND / kg, an increase of about 4%, an disproportionate increase.
On the NCDEX commodity floor in Kochi, India, the price of November pepper at the end of last week’s session increased by 420 rupees to 40,690 rupees / quintal (equivalent to 5,546 USD / ton), while the term of December was suspended. because of lack of transaction customers.
The price of black pepper in the Kanjangadu region in Kerala state increased 500 rupees to 32,500 rupees / quintal (equivalent to 4,429 USD / ton), but the supply was also meager, because local traders also did not want to sell because the rupee was devalued.
According to trade data, Vietnamese export black pepper is currently offering USD 2,635 / ton for 500 Gr / l and USD 2,785 / ton for 550 Gr / l, while white pepper is at 3,880 USD / ton. , an increase of 60 – 80 USD compared to the previous week.
According to domestic traders, the reason for the higher increase in domestic black pepper prices than the world average is due to the phenomenon of contract compensation from exporters. While the source of imported goods is expected from Brazil and Indonesia has yet to come.
According to the English (giacaphe.vn)
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