In the past 3 months, pepper prices In the futures market, the market maintained a high level of 6,000 USD / tonne and above, despite the expectation of declining price of observers.
Since the term transfer on July 20, the price of pepper in the futures market has increased for 2 consecutive sessions. Total increase of Rs 483, Rs 556 and Rs 512 to Rs 28,555 / quintal, Rs 29,100 / quintal and Rs 29,570 / quintal, equivalent to USD 6,352 / ton, USD 6,474 / ton and USD 6,578 / ton for August terms , 9 and 10.
Over the past 3 months, the price of pepper in the futures market has always maintained at a high level, from 6,000 USD / tonne or more, despite the expected price declines of observers and especially when some countries produce key production in the harvest.
Domestic pepper price also dropped but could not fall deeply, people refused to sell when they thought that the price was not suitable, so the price was still around 98,000 VND / kg to 110,000 VND / kg.
According to many traders, despite the harvest, the output of Indonesia and Brazil is devoted to domestic consumption, so the market power 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 of traditional markets remains high, even stronger in the summer. In June, the United States, Germany, the United Arab Emirates and India remained the four main export markets of our country, besides there was a significant amount of pepper exported by road. northern border.
Yesterday, the export price of Indian pepper increased by US $ 200 to US $ 6,600 / ton (C&F) for European and North American markets, a very competitive price compared to many countries.
The export price of black pepper in Vietnam is being offered for sale at 500 Gr / l-Asta at $ 5,950 / ton, 550 Gr / l-Asta at $ 6,350 / ton and 580Gr / l-Asta at $ 6,750, the price was maintained as last week, while DW 630 Gr / l white pepper was offered at USD 8,250-8,300 / ton, up USD 150.
This afternoon, July 22, pepper prices In Ba Ria-Vung Tau, it was VND 112,000 / kg while in the Central Highlands it was VND 110,000 / kg but the market was still not active.
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