Pepper prices today 2/5, domestic pepper prices “calm” in the first days of May 20/20. At present, pepper price in the South and the Central Highlands is highest at 39,500 VND / kg.
Pepper prices today 2/5, domestic pepper prices “calm” in the first days of May 20/20. Present prices of pepper in the South and the WestThe highest price is VND 39,500 / kg
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Pepper price today 2/5
Update pepper prices today 2/5, information from the online floor as well as surveys of localities where many pepper growing in the South and Central Highlands showed that domestic pepper prices “quiet”.
As of 6am this morning 2/5, pepper prices today in the Central Highlands and the southern highest price at 39,500 VND / kg was recorded in Ba Ria – Vung Tau, the lowest 37,000 VND / kg in Gia Lai, Dong Deer.
Specifically, prices of pepper in Dak Nong (Gia Nghia) and Dak Lak (Ea H’leo) stood at VND 38,000 / kg.
Pepper prices in Ba Ria – Vung Tau provinces are the places with the highest pepper prices in the region when trading at 39,500 VND / kg.
Pepper price in Binh Phuoc was VND 38,500 / kg.
Pepper price in Gia Lai is 37,500 VND / kg
Meanwhile, pepper price in Dong Nai is 37,500 VND / kg.
In the context of complicated COVID-19 epidemic, slowing exports, Vietnamese pepper needs to upgrade processing to improve product value and at the same time improve competitiveness in the world market during the period. next time
According to the preliminary report of the General Department of Vietnam Customs, pepper exports in March 2020 reached 40,297 tons of pepper of all kinds, an increase of 14,688 tons, an increase of 57.35% compared to the previous month and an increase of 5,078 tons. , an increase of 14.42% over the same period last year.
The value of pepper export turnover in the month reached US $ 83.05 million, up US $ 26.03 million, an increase of 45.64% compared to the previous month but down US $ 6.27 million, or 7.02% compared to the previous month. with the same period last year.
Accumulated export volume of pepper in the first 3 months of 2020 totaled 80,680 tons of all kinds of pepper, an increase of 9,790 tons, an increase of 13.81% compared to the export volume in the first 3 months of 2019.
World pepper prices
Spot prices of world pepper at Kochi (India) fell by Rs 250 a quintal, down 0.75%, to Rs 33,100 a quintal. Pepper prices for March delivery remained unchanged, at Rs 32,530 a quintal. September pepper price (SMX – Singapore) in September remained stable at 6,500 USD / ton.
In the context of the complicated and ongoing Covid-19 pandemic spreading globally, pepper prices in the world market are likely to continue the downtrend in the near future, when subject to double effects. from pandemic and oversupply pressure.
According to Nedspice Group's forecast, although global pepper production is estimated to decrease by 12% this year, the inventory is expected to be still higher than the total demand in the market.
The market is still under oversupply pressure. Global pepper price is expected to remain at low level in the first 6 months of 2020. However, pepper price is likely to recover in the last 6 months when supply – demand returns to the equilibrium. At the same time, increased quality of pepper and increased labor costs will also contribute to support prices of pepper.
Pepper prices today 2/5, update prices of Central Highlands, Southern, today pepper prices Phu Quoc, Vung Tau, Dong Nai
| Local survey | Purchase price | Change |
| DAK LAK – Ea H’leo | VND 38,000 | 0 |
| GIA LAI – Chu Se | 37,500 VND | 0 |
| Dak Nong – Gia Nghia | VND 38,000 | 0 |
| BA RIA VUNG TAU | VND 39,500 | 0 |
| BINH PHUOC | VND 38,500 | 0 |
| DONG NAI | 37,500 VND | 0 |
According to TTVN
