Update domestic pepper prices
Pepper prices last week increased by 3,000-4,000 VND in localities.
Specifically, after increasing by 3,000 VND/kg, the two provinces of Ba Ria – Vung Tau and Binh Phuoc adjusted the transaction price to a common level of 148,000 VND/kg.
Traders in Gia Lai and Dong Nai are buying pepper at 149,000 VND/kg, an increase of 4,000 VND/kg.
The highest transaction price of VND150,000/kg was recorded in Dak Lak and Dak Nong after an increase of VND4,000/kg.
Update pepper information
According to the General Department of Customs, in the first 6 months of the year, Vietnam exported a total of 141,392 tons of pepper of all kinds with a revenue value of 629.9 million USD, down 7.4% in volume but up more than 30% in value compared to the same period in 2023.
Of which, India is the fourth largest pepper consumer market of Vietnam with a volume of 6,813 tons, worth 28 million USD, a sharp increase of 46.5% in volume and 90.6% in value.
According to data from the Indian Ministry of Commerce, by the end of May, the country’s total pepper imports reached 12,482 tons, an increase of nearly 11% over the same period last year.
Notably, Vietnam was the largest pepper supplier to India in the first five months of the year with a volume of 5,220 tons, up 42.5% over the same period last year. This result helped Vietnam’s pepper market share in India expand from 32.5% to 41.8%.
Next is Sri Lanka with 2,790 tons, down 1.7% and accounting for 22.4% of the market share; Brazil with 2,554 tons, up 50.7% and accounting for 20.5%; Indonesia with 1,274 tons, up 5.9% and accounting for 10.2%.
The above four countries accounted for a total of nearly 95% of pepper supply to India in the first five months of the year.
Vietnam’s average pepper export price to India in the first 5 months increased by 29.7% to 4,371 USD/ton, higher than the price of 3,414 USD/ton of Brazil and 3,141 USD/ton of Indonesia, but lower than the figure of 6,190 USD/ton of Sri Lanka.
According to VietnamBiz.vn
