Pepper prices today 28/4, pepper prices across most of the Central Highlands and the South, world pepper prices have not changed much, market transactions are quiet.
Pepper prices today 28/4, pepper prices across most of the Central Highlands and the South, world pepper prices have not changed much, quiet market transactions
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Pepper price today 28/4
Updating of online pepper prices from the exchanges shows that the price of pepper moved across most of the Central Highlands and the South, world pepper prices did not change much, traded – exchanged on the quiet market.
Prices of pepper were recorded today in the Central Highlands and the southern region at the highest price of VND 39,500 / kg recorded in Ba Ria – Vung Tau, the lowest of 37,000 VND / kg in Gia Lai, Dong Nai.
+ Specifically, pepper prices in Dak Nong (Gia Nghia) and Dak Lak (Ea H’leo) are at VND 38,000 / kg.
+ Pepper price in Ba Ria – Vung Tau province is the place with the highest pepper price in the region when it is VND 39,500 / kg.
+ Pepper price in Binh Phuoc is VND 38,500 / kg.
+ Pepper price in Gia Lai is bought / sold at VND 37,500 / kg.
+ Particularly, pepper prices in Dong Nai have remained flat at VND 37,000 / kg.
Domestic pepper reserves are quite large, but Vietnam mainly exports raw materials, according to the Ministry of Industry and Trade. Currently, products made from pepper mainly include: black pepper and ground white pepper powder, a small amount of red pepper, green pepper in brine …
In general, the structure of processed pepper products is not appropriate, white pepper has a high export value, but only accounts for 10-15% of the total output, resulting in low value for the domestic pepper industry, not commensurate with the potential.
In the context of complicated COVID-19 epidemic, slowing export, the domestic pepper industry needs to upgrade the processing stage to improve product value, and improve the competitiveness in the world market in next time
World pepper prices
Spot prices of world pepper at Kochi (India) were flat at Rs 32,785 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.
It is forecast that in the coming time, the world pepper market will still be strongly affected by the Covid-19 pandemic. Disease movements are still complicated, especially in the US and Europe – the major pepper markets in the world, will cause strong import demand. Domestic pepper production is quite large, but Vietnam mainly exports raw materials.
Main products of pepper include: black pepper and white pepper powder, red pepper, green pepper in brine … Due to unreasonable processing structure, white pepper has The export value is high, but only accounts for 10-15% of the total output, resulting in a low value for the domestic pepper industry.
In addition, the pepper market also faces difficulties due to interrupted supply due to social isolation requirements and restrictions on clearance of goods from many countries around the world. In the long term, the global pepper market is forecast to remain under oversupply.
Meanwhile, the supply of area, productivity, production of Vietnam and the world has increased in recent years while the demand has only increased by 2 – 2.5% / year. Vietnam's pepper harvest in 2020 has reached over 50% with an estimated output of 250,000 tons, inventory in 2019 will turn to about 90,000 tons, so the supply in 2020 is estimated at 350,000 tons.
Today's pepper prices are on April 28, updating prices in Central Highlands, the South, pepper prices today are Phu Quoc, Vung Tau and Dong Nai.
| Province / district (survey area) | Purchasing price (Unit: VND / kg) | Change |
| DAK LAK – Ea H’leo | 38,000 | 0 |
| GIA LAI – Chu Se | 37,000 | 0 |
| Dak Nong – Gia Nghia | 38,000 | 0 |
| BA RIA VUNG TAU | 39,500 | 0 |
| DONG NAI | 37,000 | 0 |
| BINH PHUOC | 38,500 | 0 |
According to TTVN
