In the past 3 months, the price of pepper in the futures market has always remained at a high level, from 6,000 USD/ton or more, despite the price decline predictions of observers.
From the forward trading session on July 20, the pepper price in the futures market had 2 consecutive increasing sessions. A total increase of Rs 483, Rs 556 and Rs 512 to Rs 28,555 per quintal, Rs 29,100 per quintal and Rs 29,570 per quintal, equivalent to $6,352/ton, $6,474/ton and $6,578/ton for August futures , 9 and 10.
In the past 3 months, pepper prices in the futures market have always remained at a high level, from 6,000 USD/ton or more, despite the price decline predictions of observers and especially when some countries produce key output in the harvest season.
The price of pepper in the country also decreased but could not be reduced deeply, people refused to sell when they thought that the price was not suitable, so the price was still around from 98,000 VND/kg to 110,000 VND/kg.
According to many traders, even in the harvest season, the output of Indonesia and Brazil is for domestic consumption, so the selling power to the market is very low. Currently, only the most significant selling power is from Vietnam with sufficient inventory to supply the market.
Customs statistics show that the demand for pepper in traditional markets remains high and even increases more strongly in the summer. In June, the United States, Germany, the United Arab Emirates and India were still the four main export markets of our country’s pepper, besides there was also a large volume of pepper exported by road through the country. northern border.
Yesterday, India’s export pepper price increased by $200 to $6,600/ton (C&F) for Europe and North America, a very competitive price compared to many countries.
The export price of Vietnam’s black pepper is being offered for sale at 500 Gr/l-Asta for $5,950/ton, for 550 Gr/l-Asta for $6,350/ton and for 580Gr/l-Asta for $6,750. was maintained as last week, while white pepper grade DW 630 Gr/l was offered at $8,250-8,300/ton, up $150.
This afternoon 22/7, the price of pepper in Ba Ria-Vung Tau at 112,000 VND/kg while in the Central Highlands at 110,000 VND/kg but the market was still not active.
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