On the morning of August 13, the price of pepper in Ba Ria-Vung Tau was stable at 120,000 VND/kg and according to traders, it will certainly continue to increase in the next few days.
The world pepper price in the last 2 sessions, August 11 and August 12, decreased by $77, $57 and $63 for the August, September and October delivery terms, a necessary decrease after the strong increase of the day. before.
It is known that the record milestone of 120,000 VND/kg of pepper price in our country was set and stood in 2 days April 13 and 14. Through April 15, the price plummeted, by the afternoon it was only 112,000 VND/kg.
After that, the price fluctuated around 100,000 – 112,000 VND for nearly 4 months now, especially on April 25, it reached 117,000 VND / kg, according to the statistics of the price of pepper buckets in Ba Ria-Vung Tau of traders and agents. physical.
It is currently the month of Ramadan, a month of fasting for 1.5 billion Muslims around the world. During the day the faithful will fast and pray, but at night there will be sumptuous meals waiting. According to statistics of Muslim countries, the amount of food consumed this month is 3 times higher than other months.
Pepper exporters said that demand is increasing while the amount of actual goods brought to the market is becoming more and more limited.
Due to the demand for orders from export companies, they went to the garden to “remind” the price of pepper bucket had reached the waiting milestone but only received shakes of the head, traders shared. When the price goes down, people complain, complain, regret and expect the price to go up like before; Until now the price is up, selling out is… afraid of the price going up again.
It is easy to see that many pepper farmers in our country have a better life thanks to the price of pepper. A part has accumulated wealth, so they do not hesitate to hoard goods and wait for prices. Pepper dealers and traders also shook their heads saying that it is very difficult to buy and sell now because most gardeners still follow the crowd mentality.
A trader said, it is possible to spend a few more prices before stopping.
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