This morning, 24/4, prices of buckets of pepper in Ba Ria-Vung Tau and Dak Nong have risen again to VND 110,000 / kg, but traders and dealers have no income.
When only for 1 week, pepper prices On the world market in India, the market declined by just over 4%. At the same time, the price of pepper on the domestic market dropped by nearly 17%. This disparity proves that, whether up or down, domestic market prices are always hotter than world markets.
Only over the last 2 trading days, pepper prices on Kochi-India have regained nearly all the points lost in the previous 7 days. This is also the basis for many recent articles to assert that domestic pepper prices will soon recover at high levels.
In order to have the sensitivity, quickly change according to the world pepper market, dealers, traders buy agricultural products and even many farmers update information on the Internet in time to get there. Offer a reasonable price for both parties.
This morning 24/4, prices of buckets of pepper in Ba Ria-Vung Tau and Dak Nong have risen back to 110,000 VND / kg, but traders and dealers have no income. People grow pepper want to have a more reasonable price to sell.
Session 23/4 on the Kochi-India world trading floor, the price of pepper changes sharply in the direction of being able to surpass the high level of the session on 11/4, the day that pulled domestic buckets to 120,000 VND. / kg
Recently, MG1-ASTA pepper price of India, which is often referred to as the specialty pepper according to the American Spice Association standard, is offered at Rs 25,700-26,200 / quintile equivalent to 5,750- 5,820 USD / tonne but very limited quantity.
Importers around the world turned to looking for sources from Vietnam. Seizing the opportunity, Vietnamese exporters have pushed the price of black pepper grade 500 Gr / l to US $ 5,300 / ton and black pepper grade 550 Gr / l to US $ 5,650 / ton (FOB).
After that, following the market's momentum and worries about supply, exporters of our country continue to take advantage of opportunities to offer black pepper for export at $ 5,900 / ton for 500 Gr / l and 6,200. USD / tonne for grade 550 Gr / l (FOB). Meanwhile, MG1-ASTA pepper price of India also increased to 6,400 USD / ton (C&F) for the US market and 6,300 USD / ton (C&F) for the European market.
A few days of Indian traders religious holiday of Hindus has made the world pepper market settled down and gradually took about a week to begin to recover. The recovery proved so rapid that it was astonishing to the market, then again to the Easter holidays, the important holidays of Judaism and Christianity in the world.
It is certain that with the severe shortage of pepper forecast this year, the pepper market will create many surprises.
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