Pepper prices today (July 18) ranged from 72,000 to 75,500 VND/kg. In the past week, the pepper market was generally flat, especially on Friday (June 16), a few localities adjusted slightly down 500 VND/kg.
Pepper price This week in general tends to be stable, not much change compared to the end of last week.
But compared to the beginning of the week, a few localities decreased by 500 VND/kg, including Dak Lak, Gia Lai, Dak Nong and Dong Nai.
In which, Gia Lai and Dong Nai provinces recorded 72,000 VND/kg and 72,500 VND/kg respectively. The purchase price in the other two provinces is currently 73,500 VND/kg.
Particularly, Binh Phuoc and Ba Ria – Vung Tau provinces did not record new adjustments compared to the beginning of the week, continuing to trade at 74,500 VND/kg and 75,500 VND/kg respectively.
Price movements in the past week. Unit: VND/kg. Summary: Thao Vy
Update world pepper prices
In the first quarter of 2021, India’s pepper exports reached 6,020 tons, worth 24.7 million USD, up 47% from 16.4 million USD in the first quarter of 2020. Crushed product sales accounted for 54% of the total export volume.
In which, the US is India’s main import market, accounting for 57% of the country’s total pepper exports.
Since April, the price of pepper from India to the European market has been stable at $5,500/tonne NW ex-factory for MG1, 19% higher than January 2021, according to the website. Commodity 3.
In Nigeria, the price of a basket of pepper rose from 1,000 naira in April to 2,500 naira in July, severely affecting the business of traders.
According to the Global Market Size, Market Share and Trends Analysis Report 2020-2027, the spice market size is expected to reach US$9.7 billion by 2027, at a compound annual growth rate (CAGR) ) is 6.5%.
Growing demand for naturally flavored foods at the global level is expected to remain a favorable factor for industry growth, according to the report. Business Wire.
Furthermore, increased spending on food by millennials during the weekends will contribute to broadening the reach of the food service industry, thus boosting the demand for families. taste in the next few years.
According to VietnamBiz
