Pepper price today (June 5) fluctuates in the range of 71,500 – 75,000 VND/kg. In the past 6 days, the pepper market tended to go up. Provinces and cities recorded a sharp increase in the range of 1,500-2,000 VND/kg compared to the beginning of the week.
Update domestic pepper prices
Pepper price This week, there is an upward trend in key provinces in the country. Compared to the beginning of the week, the purchase price increased by 1,500-2,000 VND/kg.
In which, the lowest price is 71,500 VND/kg in Gia Lai province after increasing by 1,500 VND/kg.
Along with an increase of 1,500 VND/kg are the two provinces of Dak Lak and Dak Nong, which are purchasing pepper at the same price of 73,000 VND/kg.
The remaining localities increased by 2,000 VND/kg, including: Dong Nai at 72,000 VND/kg, Binh Phuoc at 74,000 VND/kg and Ba Ria – Vung Tau at 75,000 VND/kg.
Price volatility in the past week. Unit: VND/kg. Summary: Thao Vy
Update information on world pepper
In the European Union (EU), 67% of pepper is supplied by non-EU countries and the remaining 33% is traded between intra-regional countries. Europe’s pepper consumption is showing a strong recovery after the COVID-19 pandemic.
According to data from the European Statistics Authority (Eurostat), in 2021, the EU imported a record 104,980 tons of pepper with a value of 413.6 million Euros, an increase of 6.8% in volume and 28.3% in value compared to 2020.
Vietnam is currently the largest pepper supplier to the EU, accounting for 34% of the imported pepper market share of this market in 2021, far ahead of other suppliers such as Brazil (accounting for 20%) and Indonesia (accounting for 20%). takes 5%).
Notably, in the past 5 years, Vietnam’s pepper exports to the EU have increased sharply (56.3%) from 22,475 tons in 2017 to 35,131 tons in 2021.
Even if Europe’s pepper demand declines due to the COVID-19 pandemic in 2020, Vietnam’s pepper exports to this market still maintain an impressive growth rate of 8.3%. This shows that Vietnam’s pepper is increasingly being favored by European consumers.
According to VietnamBiz.vn
