This morning April 20, the price of pepper buckets in the Southeast region returned to the milestone of 100,000 VND / kg, compared with 120,000 VND / kg a week ago.
This morning April 20, the price of pepper in May on the world market on the floor of Kochi-India continues to fall further Rs 171, to Rs 26,140 / quintal, equivalent to US $ 5,801 / ton. Domestic pepper prices in the Southeast region returned to the milestone of VND 100,000 / kg.
Since April 13, the price of pepper on the world market has continuously decreased by a total of Rs 1,070 a quintal, or more than 4%, equivalent to a decrease of US $ 237 / quintal. But the domestic market fell more sharply, a decrease of up to 20,000 VND / kg, from 120,000 VND / kg set on April 14.
The Vietnam Pepper Association (VPA) has just revised our country's crop forecast for this year's crop to fall another 10,000 tons from the previous forecast of 90,000 tons.
World Pepper Association (IPC) expected, Indian pepper output this year at only 48,000 tons, down 2,000 tons from the previous crop. Meanwhile, according to Reuters, India's production this year is estimated to decrease by 15,000 tons to 40,000 tons, a sharp decline.
India also plans to import about processing and re-exporting about 18,000 tons this year.
It is known that Indonesia, the 2nd largest exporter of pepper in the world in 2010, production decreased seriously, only 1/3 of last year.
Therefore, in the first half of this year, the world will only rely on pepper of Vietnam and India. It is expected that in 2011, the two countries will account for 70% of the world's pepper export market.
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