Pepper price today (May 7) fluctuates in the range of 68,500 – 71,000 VND/kg. Last week, the pepper market tended to move sideways, then simultaneously increased at the end of the week. Compared to the beginning of the week, the key provinces recorded an increase of 1,500 VND/kg.
Update domestic pepper prices
Pepper price This week tended to be stable throughout the week, then slightly increased by 500 – 1,000 VND/kg in key provinces on Friday (May 5) and Saturday (May 6).
According to the survey, the lowest price at the weekend of 68,500 VND/kg was recorded in Gia Lai and Dong Nai provinces.
Currently, the two provinces of Dak Lak and Dak Nong have the same purchasing price of 69,500 VND/kg.
Similarly, pepper prices in Binh Phuoc and Ba Ria – Vung Tau reached VND 70,500/kg and VND 71,000/kg, respectively.
Volatility pepper price in this week. Unit: VND/kg. Synthetic: Peaceful
Update pepper information
Recorded in the first quarter of 2023, the whole grain black pepper category accounted for nearly 82% of the proportion export Vietnam’s pepper, significantly increased from 68.1% recorded in the first quarter of 2022.
In particular, the export of whole black pepper in the quarter reached 63,848 tons, up nearly 72% over the same period.
In addition, other varieties such as vinegar-soaked pepper, wood pepper, clove pepper, green pepper, pink pepper, etc. although it only reached 785 tons, it also recorded an increase of 2.5 times. In contrast, the export volume of other pepper varieties decreased from 26% to 38%.
In general, the export volume of pepper increased sharply in the first quarter of this year, mainly because China increased purchases to make up for the shortage after three years of closure due to the COVID-19 epidemic.
In addition, data from the Vietnam Pepper and Spices Association (VPSA) showed that pepper exports to China in March 2023 reached a record of 15,710 tons, up 85.2% compared to February. 2023 and is the highest export volume to this market so far in a month.
According to VietnamBiz.vn
