Pepper price today (August 29) fluctuates in the range of 73,500 – 78,500 VND/kg. In the past 6 days, the pepper market in general has tended to go down, provinces and cities recorded a decrease from 500 VND/kg to 2,000 VND/kg.
Update domestic pepper prices
Pepper price This week, it was adjusted down in all key localities in the country.
Accordingly, Gia Lai and Dong Nai provinces are currently trading at VND 73,500/kg and VND 74,000/kg, respectively, down 2,000 VND/kg and 1,000 VND/kg, respectively.
Along with a decrease of 500 VND/kg in the past week are the provinces of Dak Lak, Dak Nong, Binh Phuoc and Ba Ria – Vung Tau. In which, the highest price is 78,500 VND/kg currently available in Ba Ria – Vung Tau province.
Price volatility in the past week. Unit: VND/kg. Summary: Thao Vy
Update information on world pepper
The sharp increase in sea freight has forced Indian pepper exporters to pay high prices to carriers to ask them to fulfill their export commitments, The Hindu Business Line news.
Kishor Shamji, owner of Kochi-based Kishor Spices, said shipping rates to New York have increased to $18,000 from a low of $2,000 at the time.
The situation of rising sea freight rates has made business and export of spices precarious. Companies that placed orders before these unprecedented price spikes are now also facing the prospect of massive losses.
The All India Spices Exporters Forum said that the Spices Commission will hold a meeting with the Ministry of Shipping later this month to find a solution to the above problem, limiting the impact further. to the export process.
According to VietnamBiz
