This morning, Thursday, 19 April, the price of black pepper in Ba Ria – Vung Tau has increased to reach 63,000 VND / kg, other key growing localities also fluctuate in the frame of 60,000 – 62,000 VND / kg.
Read more: >> Consolidating agents pushed pepper prices up sharply
>> Pepper prices prospered but did not promise anything
This is the highest pepper price since the lunar New Year, but still lower than about 15,000 VND / kg since the beginning of the new season.
Beside speculative season forces started appearing in the low price area, black pepper prices increased continuously in the last 1 month since the price dropped to the bottom at 50,000 VND / kg in Gia Lai market, which is also a the presence of Chinese traders contributes to pushing up prices and buying of exporters after reaching a record export volume, according to the March preliminary data report of the General Department of Customs.
The current difficulty is that importers offer relatively low prices, while the main harvest in the Central Highlands of our country has reached the final stage, so the amount of pepper sold by farmers is not plentiful, many farmers. People with financial resources also do not sell at the current price … which are the factors driving prices.
The final harvest report of the Cu Kuin District Department of Agriculture and Rural Development, one of the districts with a large pepper growing area of Dak Lak province, shows that this year the whole district has collected 8,438 tons of pepper, down 29.8% and the average yield was only 2.5 tons / ha, down 31.1% compared to the previous crop. The cause of the decline is attributed to erratic rains during the flowering period.
According to the report of the International Pepper Community (IPC), it seems that the recent price trend has stopped. Except for India, which continues to be under pressure of import pepper, pepper prices from other origins have tended to increase. Vietnam's export price of 500 g / l grade was priced at USD 2,750 / ton and 550 g / l grade for USD 3,050 / ton, (FOB). While recorded in Sarawak and Sri Lanka prices were relatively stable. White pepper in Hainan (China) also increased slightly.
It is worth noting that at this time Vietnamese pepper dominates the world supply in the short term. Cambodia's harvested pepper is also mainly sold to export traders in Vietnam, although recently there has been competition from Chinese traders.
According to a reliable source, although Indonesian farmers have sold their pepper, some Exporters in this island nation still hold a relatively large amount of pepper purchased from the beginning of last crop at a high price. Perhaps they are still waiting for a chance to release their crops while this year's crop in Indonesia will be harvested around July August. “This is also a fairly slow explosive bomb,” said an expert in the pepper market. comment.
English
Source Young intellectuals / CafeF
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