Pepper price today (December 12) fluctuates between 81,000 – 84,000 VND/kg. In the past 6 days, the pepper market tended to decrease sharply. Provinces and cities recorded a decrease of 1,500 – 2,500 VND/kg compared to the beginning of the week.
Pepper price This week in general, there is a downward trend in key provinces in the country.
Specifically, Gia Lai province reduced 2,500 VND/kg to 81,000 VND/kg. This is also the lowest price at the moment.
Along with a decrease of 2,500 VND/kg compared to the beginning of the week, there was Dong Nai province and the two provinces of Dak Lak and Dak Nong, trading at 81,500 VND/kg and 82,000 VND/kg, respectively.
The remaining localities, including Binh Phuoc and Ba Ria – Vung Tau, decreased by 2,000 VND/kg and 1,500 VND/kg respectively this week, recording 83,000 VND/kg and 84,000 VND/kg respectively.
Price volatility in the past week. Unit: VND/kg. Summary: Thao Vy
Update information on world pepper
In recent years, freight rates for shipping to the US and Europe, the two largest pepper consuming markets of Vietnam, have tended to increase rapidly. This has greatly affected pepper export enterprises.
However, a good sign for exporters is that sea freight rates have tended to cool down in the past two months.
As of 11/11/2021, the composite World Container Index (WCI), which measures freight rates of eight major global shipping routes, published by Drewry World, stood at $9,193/ 40-foot container, down 7% month on month.
In which, the freight rate for transporting a 40-foot container from Shanghai port (China) to Rotterdam port (Netherlands) decreased by 5.5%.
In addition, the freight rate for transporting a 40-foot container from Shanghai port (China) to Genoa port (Italy) also decreased by 8.9%.
Similarly, freight rates to US ports have decreased by 8.7-9.3% over the past month. Previously, freight rates to the US and Europe also decreased by 5-10% in the first half of October.
According to VietnamBiz.vn
