Pepper prices today 28/5, today's pepper prices in the Central Highlands, the South increased as the spring was repressed, according to the Ministry of Industry and Trade pepper prices reached 50,000 VND / kg.
Pepper prices today 28/5, today's pepper prices in the Central Highlands and the South have not increased like suppressed springs, according to the Ministry of Industry and Trade pepper prices reached 50,000 VND / kg.
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Pepper price today 28/5
Update pepper price today 28/5, survey of the key growing regions Central Highlands and the South recorded the highest level of 50,000 VND / kg.
At the beginning of this morning (May 28), pepper prices in the Central Highlands and the South increased in many localities and reached 50,000 VND / kg after increasing 3,000 – 5,000 VND / kg yesterday.
Pepper prices today were the highest at VND 50,000 / kg, recorded in Ba Ria – Vung Tau, the lowest was VND 48,000 in Dong Nai.
Specifically, prices of pepper in Dak Nong (Gia Nghia) and Dak Lak (Ea H’leo) are selling at VND 49,000 / kg.
Pepper price in Gia La is trading at VND 48,500 / kg.
Pepper prices in Ba Ria – Vung Tau provinces increased to VND 50,000 / kg at the beginning of the week.
Pepper price in Binh Phuoc also increased to VND 49,000 / kg.
Pepper prices in Dong Nai also increased to VND 48,000 / kg. This is still the lowest price in the Central Highlands provinces and the South.
World pepper prices
World spot prices of spot pepper at Kochi (India) were at Rs 32,500 a quintal (equivalent to VND 10 million / quintal). In some major producing countries, pepper production remained high. Although pepper price remained stable, the trading volume was not much. Farmers do not want to sell at current prices, so it does not bring the goods to primary markets.
According to the Center for Industry and Trade Information, in recent sessions, pepper prices have shown signs of prosperity, but many pepper farmers are still in difficulties. The reason is that before, pepper continued to lose price and crop failure, making pepper gardens less well-cared for, resulting in a large area of pepper being killed.
At present, the demand for pepper of businesses has increased sharply, while people have limited sales, causing the price of pepper to increase. However, compared to the peak price of nearly 200,000 VND / kg, this product has continuously dropped. prices in more than 3 years made many farmers struggling.
In India, pepper output this year is forecast to increase 20,000 tons compared to 2019, to 65,000 tons. In Vietnam, this year production is estimated at about 250,000 tons. Plus 90,000 tons of inventory from last year, the total supply of pepper is 340,000 tons.
According to forecasts of some pepper exporting units, in the coming months, after the Covid-19 epidemic is under control, European and American customers … will return to the market, along with the reduction of pepper production in Vietnam. Significantly also made pepper more likely to increase.
