Price movements of pepper in some raw material areas
Unit: VND / kg
|
Raw material area |
12/18 |
+/- compared with 12/17 |
|
Dak Lak (Ea H'leo) |
41,000 |
0 |
|
Gia Lai (Chu Se) |
40,000 |
0 |
|
Dak Nong (Gia Nghia) |
41,000 |
0 |
|
BA Ria Vung Tau |
42,500 |
0 |
|
Binh Phuoc |
41,500 |
0 |
|
Dong Nai |
40,000 |
0 |
Source: tintaynguyen.com
According to giatieu.com (pepper prices are updated every 15 minutes), on the world market, on Kochi – India today (December 18, 2019) spot prices increased sharply by 365 rupees, equivalent to 1.02% to 36,115 rupees / quintal. The price of pepper in December 2019 is pegged at 35,666.65 rupees per quintal.
Pepper price (Kochi floor – India)
|
Period |
Price match |
Change |
% |
Amount |
Tallest |
The shortest |
Open door |
Yesterday |
|---|---|---|---|---|---|---|---|---|
|
DELIVERY NOW |
36115 |
+365 |
1.02 |
0 |
36115 |
35835 |
35835 |
35750 |
|
12/19 |
35666.65 |
0 |
0.00 |
0 |
35666.65 |
35666.65 |
35666.65 |
35666.65 |
Source: giatieu.com
The cross-currency exchange rate of Vietnam dong against the Indian rupee (INR) on December 18, 2019 is applied by the State Bank to calculate export and import tax of 327.16 VND / INR, source of the Portal. Electronic State Bank of Vietnam.
Prices of export pepper in some producing countries are supported by seasonal factors (demand in winter increases).
However, the price of pepper is forecasted to be difficult to increase sharply in the coming time due to a larger supply than demand. According to the World Pepper Organization (IPC), global pepper production in 2019 will reach about 592,000 tons, demand about 450,000 tons.
Meanwhile, Vietnam is about to enter the harvest in 2020 with an area of about 100,000 hectares of pepper.
According to a compilation of vietbao.vn, at the beginning of the session on December 18, in the world market, the foreign exchange rate fluctuated strongly, the domestic exchange rate at commercial banks remained the same.
The State Bank of Vietnam announced the central exchange rate of Vietnam dong and US dollar at 23,158 dong (down 4 dong). The reference rate at the State Bank of Vietnam is VND 23,175 (unchanged) and sold at VND 23,803 (down VND 4).
Free USD price listed at buying price was 23,180 VND / USD and sold was 23,200 VND / USD, down 10 VND in buying direction compared to yesterday afternoon.
Source: VITIC
