Update domestic pepper prices
Pepper price This week is going up continuously. Compared to the beginning of the week, the purchase price in key provinces increased by 2,500 – 3,000 VND/kg.
According to the survey, the lowest price currently at 67,000 VND/kg was recorded in Gia Lai and Dong Nai provinces, up 3,000 VND/kg and 2,500 VND/kg respectively.
After the same increase of 3,000 VND/kg, the two provinces of Dak Lak and Dak Nong are currently purchasing pepper at the same rate of 68,000 VND/kg.
Similar, pepper price in Binh Phuoc and Ba Ria – Vung Tau increased by 3,000 VND/kg and 2,500 VND, respectively, to 69,000 VND/kg and 69,500 VND/kg, respectively.
Price volatility in the past week. Unit: VND/kg. Synthetic: Peaceful
Update pepper information
By page Peppertradein the past week, pepper price has had an impressive increase in the context that the Chinese market continues to increase buying demand, along with demand from the US and EU markets.
In addition, businesses export also actively buy raw materials to replenish inventory. Accordingly, last week, the amount of pepper material put on the market was quite small because farmers and dealers expect pepper prices to increase in the near future.
According to the preliminary data report of Vietnam Customs, pepper exports in the first 17 days of April 2023 reached 14,464 tons, turnover of 43.91 million USD, bringing exports in more than three months. this year to 89,795 tons, up 39.27% in volume and 8.59% in value over the same period in 2022.
In addition, the average export price of pepper in the period was recorded at USD 3,048/ton, up 2.35% compared to the average export price of March 2023.
Thus, in this April, Vietnam will be able to export 25,000-30,000 tons, bringing the total export volume in the first 4 months of 2023 to 102,000-107,000 tons, expected to be higher than the recorded 79,410 tons. received in the first 4 months of 2022.
According to VietnamBiz.vn
