Pepper prices today throughout the Central Highlands were flat at 39,500 – 41,500 VND / kg of which the lowest in Gia Lai and highest in Ba Ria – Vung Tau.
World pepper price today 21/10
Today, October 21, 2019 at 9am, Vietnam time, the world spot price for pepper at Kochi India, the price of black pepper for export decreased by 2.11%, the world spot price for spot pepper at Kochi (India) ) at Rs 32,940 a quintal.
Prices on pepper (SMX floor – Singapore) in October remained unchanged, at 6,500 USD / ton.
Source: giacaphe.com
According to the Import and Export Department (Ministry of Industry and Trade), Vietnam's pepper production industry is facing many difficulties due to oversupply and low prices.
The area of pepper cultivation has exceeded the plan, especially in unsuitable areas, the disease on pepper has not yet had effective control measures.
While the organization of production, preliminary processing and deep processing of pepper is still limited, it has not brought into full play its potential and advantages.
In the early days of October, importers stepped up their import of Brazilian pepper, causing domestic pepper prices to fall to their lowest level in recent years.
Domestic pepper prices
The pepper market in the Central Highlands and Southeastern material areas today fluctuated around VND 39,500 – 41,500 / kg.
Specifically, today's pepper price in Chau Duc district (Ba Ria-Vung Tau) is at VND 41,500 / kg.
Pepper prices in Binh Phuoc were VND 41,000 / kg after an increase of VND 500, Dak Lak (Ea H’leo), and Dak Nong (Gia Nghia) was VND 40,500 / kg.
Pepper price in Gia Lai is VND 39,500 / kg, in Dong Nai is VND 40,000 / kg.
Domestic pepper prices are moving sideways
According to statistics from the General Department of Customs, in September 2019, the export of pepper reached 15 thousand tons, worth US $ 37.08 million, down 20.3% in volume and 20.1% in value compared to the In August 2019, compared to September 2018, it decreased by 13.9% in volume and by 26.8% in value.
In the first 9 months of 2019, export of pepper reached 233.4 thousand tons, worth US $ 593.41 million, up 21.1% in volume, but down 6.4% in value compared to the first 9 months. 2018.
In September 2019, the average export price of pepper reached $ 2,464 / ton, up 0.2% compared to August 2019, but down 15% compared to September 2018.
In the first 9 months of 2019, the average export price of pepper reached 2,542.4 USD / ton, down 22.7% compared to the first 9 months of 2018.
According to TTN
