Pepper price today (June 20) fluctuates between 71,000 – 74,500 VND/kg. In the past 6 days, the pepper market fluctuated strongly, localities adjusted the price to increase from 2,000 VND/kg to 2,500 VND/kg.
Pepper price This week, there is an upward trend in key provinces and cities in the country.
Compared to the beginning of the week, Dong Nai province increased by 2,500 VND/kg, reaching 71,000 VND/kg. Next, the two provinces of Dak Lak and Dak Nong also increased by 2,500 VND/kg to 72,500 VND/kg.
After increasing by 2,500 VND/kg, the two provinces of Binh Phuoc and Ba Ria – Vung Tau are currently trading at VND 73,500/kg and VND 74,500/kg, respectively.
Similarly, in Gia Lai province, pepper is being purchased at 71,500 VND/kg, up 2,000 VND/kg in the past week.
Price volatility in the past week. Unit: VND/kg. Summary: Thao Vy
Update world pepper prices
After two years, the price of Indian black pepper has surpassed Rs 400/kg for ungraded grade in the Kochi port market, reaching Rs 405/kg on June 10. For graded grade, the purchase price is 425 rupees/kg.
Traders believe that the price increase is due to the tight supply due to the closure of the primary pepper market in many rural areas. Meanwhile, the demand for ingredients from masala producers is very strong.
Currently, pepper farmers in India expect that the Spices Council will continue to buy during the lockdown. The Hindu Business Line news.
Mr. Kishore Shamji, a spice trader in Kochi, said the government’s stance on allowing primary spice markets to operate on their own was contradictory.
On the one hand, it allows masala producers to operate, while on the other hand, the spice markets are banned from trading. This has affected the timely availability of raw materials for masala makers.
According to VietnamBiz
