Pepper price today May 29, 2022: A sharp decrease of 3,000 – 4,000 VND/kg in the past week

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Update domestic pepper prices

Pepper price This week, there is a downward trend in key provinces in the country. Compared to the beginning of the week, the purchasing price decreased by 3,500 – 4,000 VND/kg.

In which, the lowest price is 69,000 VND/kg in Gia Lai and Dong Nai provinces, down 3,000 VND/kg and 3,500 VND/kg respectively.

Together with a reduction of 3,500 VND/kg are the two provinces of Dak Lak and Dak Nong, which are purchasing pepper at the same price of 70,000 VND/kg.

Similarly, this week, pepper prices in Binh Phuoc province Ba Ria – Vung Tau also decreased by 4,000 VND/kg and 3,500 VND/kg, respectively, to 70,500 VND/kg and 72,000 VND/kg, respectively.

Price volatility in the past week. Unit: VND/kg. Summary: Thao Vy

Update information on world pepper

According to data from the US International Trade Commission, US pepper imports in March 2022 reached 8.8 thousand tons, worth US$43.77 million, up 105.6% in volume and up 108.4 % in value compared to February 2022, 35.8% increase in volume compared to March 2021 and 99.3% increase in value.

Generally, in the first quarter of 2022, US pepper imports in the first quarter of 2022 reached 19.87 thousand tons, worth US$97.97 million, up 5.2% in volume and 57.6% in value compared to the previous quarter. same period in 2021.

In March 2022, the average import price of US pepper reached $4,973/ton, up 1.4% compared to February 2022 and 46.8% higher than March 2021, according to the latest report. are from Import and Export Department (Ministry of Industry and Trade).

Generally in the first quarter of 2022, the average import price of US pepper reached US$4,929/ton, up 49.9% over the same period in 2021. In which, the average import price of US pepper increased from almost All major supplies, except from China, decreased by 15.5%, to $3,692/ton.

According to VietnamBiz.vn

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