Pepper prices today (August 1) range from 71,000 to 75,000 VND/kg. In the past week, the pepper market fluctuated sporadically, a few localities decreased slightly, but in general, the adjustment level was not significant.
Update domestic pepper prices
Pepper price This week, the general trend was sideways in many key localities in the country.
Accordingly, Gia Lai and Dong Nai provinces are currently trading at VND 71,000/kg and VND 72,000/kg, respectively.
Similarly, the two provinces of Binh Phuoc and Ba Ria – Vung Tau recorded VND 74,000/kg and VND 75,000/kg, respectively.
Particularly, the two provinces of Dak Lak and Dak Nong had slight fluctuations in the past week, down 500 VND/kg compared to the beginning of the week.
Price volatility in the past week. Unit: VND/kg. Summary: Thao Vy
Update world pepper prices
Cambodia’s Ministry of Agriculture, Forestry and Fisheries said that the country exported a total of 14,562 tonnes of pepper in the first half of this year, up 398.67% year-on-year.
The geographical indication (GI) pepper branded with Kampot pepper and Cambodia’s GI-free pepper has been exported to 16 countries, of which Vietnam holds the largest market share with 14,292 tons, followed by Germany 160, 57 tons.
Other notable buyers include: India (42 tons), France (19.1 tons), Taiwan (15 tons), Belgium (10.63 tons), Poland (7.9 tons), Czech Republic (6.10 tons), Japan (2.58 tons), USA (1.75 tons), South Korea (1.55 tons), Sweden (1.29 tons), UK (1.24 tons). tons), Canada (0.52 tons), Switzerland (0.48 tons) and Russia (0.13 tons).
Mr. Mak Ny, Chairman of the Cambodia Pepper and Spices Federation (CPSF), said that demand and prices of pepper started to increase due to reduced production in Vietnam, the region’s leading producer and exporter.
Vietnam orders pepper from Cambodia to add to its stockpile, so pepper prices are expected to improve in the near future. This is expected to have a positive effect on pepper growers who have lost interest in the crop, prompting them to return to production.
Cambodia’s non-GI pepper price has recorded a significant recovery, to 14,000 riel/kg (equivalent to 3.50 USD/kg) compared to 10,000 riel/kg last year.
Members of the Cambodia Pepper and Spices Federation continue to buy pepper from farmers as planned, but purchasing activity is somewhat affected by domestic and international shipping prices, especially sea freight. , has now tripled.
According to VietnamBiz
