Pepper prices today 14/5, surveyed in key pepper growing areas in the South, Central Highlands showed that prices of pepper increased sharply in Dong Nai but decreased slightly in Gia Lai.
Pepper prices today 14/5, surveyed in key growing areas in the South, Central Highlands showed that prices of pepper increased sharply in Dong Nai but decreased slightly in Gia Lai.
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Pepper price today 14/5
Update on pepper price today 14/5, survey of some local pepper growing areas in the South and Central Highlands noted: After the session of increase – decrease erratically at the beginning of the week, today's pepper price increased sharply in Dong. Nai but mitigated in Gia Lai.
As of 6am this morning (May 14), prices of pepper in the Central Highlands and the South recorded mixed movements in localities. Specifically, pepper prices increased by VND 500 / kg in Dong Nai, down VND 300 / kg in Gia Lai. Pepper prices in other localities focus on growing areas in the Central Highlands and the South.
Pepper prices today were the highest at VND 42,500 / kg, recorded in Ba Ria – Vung Tau, the lowest was VND 39,700 in Gia Lai.
Specifically, pepper prices in Dak Nong (Gia Nghia) and Dak Lak (Ea H’leo) moved sideways at VND 41,000 / kg.
Pepper prices in Ba Ria – Vung Tau provinces were also stable at 42,500 VND / kg.
The price of pepper in Binh Phuoc was unchanged at VND 41,500 / kg.
Particularly, price of pepper in Gia La decreased by VND 300 / kg, to VND 39,700 / kg. This is still the lowest price in the Central Highlands provinces and the South.
Meanwhile, pepper prices in Dong Nai increased by VND 500 / kg to VND 40,000 / kg.
Pepper prices in Dong Nai decreased by VND 500 / kg to VND 39,500 / kg. This is still the lowest price in the Central Highlands provinces and the South.
This is still the lowest price in the Central Highlands provinces and the South. 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) were stable at Rs 33,100 a quintal. Pepper prices for April delivery were unchanged, at Rs 32,530 a quintal. September pepper price (SMX – Singapore) in September remained stable at 6,500 USD / ton.
In the first four months of this year, according to the Ministry of Agriculture and Rural Development, Vietnam's pepper exports reached 117 thousand tons and 249 million USD, up 8.3% in volume but down 12% in value over the same period in 2019.
The 5 largest export markets of Vietnam pepper in the first 3 months were US, India, Myanmar, Pakistan and Germany respectively with 39.2% market share.
The Department of Agricultural Product Processing and Market Development (MARD) forecasts that in the coming time, the global pepper market will still face difficulties due to the dual impact of oversupply pressure and the negative impact of the epidemic. Covid-19.
The supply of pepper continues to be supplemented when Vietnam is in the harvest season and has harvested over 50%.
In 2020, Vietnam's pepper supply is expected to reach about 350,000 tons of pepper, of which about 90,000 tons will be transferred to inventory in 2019.
In addition, pepper demand in many markets is still weak due to the impact of social gap and temporary halt of food service business to prevent Covid-19, especially in the US and EU. – 2 largest markets for pepper consumption in the world.
Pepper prices today 14/5, updated prices Central Highlands, Southern, today's pepper prices Phu Quoc, Vung Tau, Dong Nai
| Province / district (survey area) | Purchasing price (Unit: VND / kg) | Change |
| BINH PHUOC | 41, 500 | 0 |
| DAK LAK | 41,000 | 0 |
| GIA LAI | 39,700 | -300 |
| Dak Nong | 41,000 | 0 |
| BA RIA VUNG TAU | 42,500 | 0 |
| DONG NAI | 40,000 | +500 |
