Pepper prices today 11/5, pepper prices in the Central Highlands and the South at the beginning of the week unchanged, currently pepper prices in Ba Ria – Vung Tau is the highest in the country
Pepper prices today 11/5, pepper prices in the Central Highlands and the South at the beginning of the week unchanged, currently pepper prices in Ba Ria – Vung Tau is the highest in the country
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Pepper price today 11/5
Update price today 11/5, pepper prices in the South and Central Highlands went through the first session of the week, however pepper prices are now high compared to the time of April 4/2020
Experts expect pepper prices to rise this week as commodity markets show signs of increasing purchases after many countries lift social measures.
As of 6am this morning 10/5, recording the price of pepper today in the Central Highlands and the southern highest price at 40,000 VND / kg was recorded in Ba Ria – Vung Tau, the lowest 38,000 VND / kg in Gia Lai , Dong Nai.
Specifically, in Dak Lak province, Dak Nong, the price of pepper today is VND 38,500 / kg.
In Ba Ria Vung Tau province, pepper prices today moved sideways at VND 40,000 / kg, this is the locality with the highest price in the whole region.
In Binh Phuoc, Dong Nai, pepper prices today were priced at 39,000 VND / kg.
In Gia Lai province, pepper price today was VND 38,000 / kg.
Thus, the price of pepper throughout the region today ranges from 38,000 to 40,000 VND / kg.
In the context of complicated COVID-19 epidemic, slowing exports, Vietnamese pepper needs to upgrade processing to improve product value and at the same time improve competitiveness in the world market during the period. next time
World pepper prices
Spot prices of world pepper at Kochi (India) fell by Rs 200 a quintal, or 0.60%, to Rs 32,900 a quintal. Pepper prices for March delivery remained unchanged, at Rs 32,530 a quintal. September pepper price (SMX – Singapore) in September remained stable at 6,500 USD / ton.
According to the Nedspice Group forecast, although global pepper production is expected to decline by about 12% in 2020, the inventory is expected to be still higher than the total demand in the market.
In India, the country's pepper output is estimated to increase 20,000 tons compared to 2019, to 65,000 tons in 2020. According to statistics from India's Cogencis Information Services Ltd, imports of black pepper of this country in February 2020 decreased by 33% compared to February 2019, to 1,282 tons.
On the world market, pepper prices in April fluctuated unevenly between markets. Prices of black pepper delivered at ports of Brazil and Malaysia were stable, while prices in India tended to decrease. In contrast, pepper prices of Vietnam and Indonesia tend to increase.
Specifically, pepper prices at Brazilian ports were kept at US $ 2,000 / ton, in Kuching (Malaysia) kept at US $ 3,685 / ton.
In India, the country's pepper output is estimated to increase 20,000 tons compared to 2019, to 65,000 tons in 2020.
