Pepper prices today 2/5: Prices went sideways, the lowest was VND 64,000 / kg; the world market and Vietnam had negative movements

Last week, Vietnamese pepper prices decreased in both international and domestic markets. (Source: Phnom Penh Post)

Update world pepper prices

On the world market, at the end of the most recent session, the spot price of pepper at Kochi – India was at Rs 39,450 / quintal (highest) and 39,200 rupees / quintal (lowest), slightly up from the previous session. .

The cross rate of Vietnam dong against the Indian Rupee (INR) on April 30 was applied by the State Bank to calculate the import and export tax at 312.77 VND / INR.

Domestic pepper prices

Today’s pepper prices in the domestic market were traded at VND 64,000 – 69,000 / kg locally.

Specifically, today’s pepper price in Gia Lai was the lowest in the market at VND 64,000 / kg.

Today’s pepper prices in Dong Nai provinces (65,500 VND / kg); Dak Nong, Dak Lak (67,000 VND / kg); Binh Phuoc (68,000 VND / kg) and Ba Ria – Vung Tau were at the highest threshold of 69,000 VND / kg.

According to the latest article above Peppertrade, the pepper market both domestically and internationally last week did not perform very well when pepper prices decreased simultaneously.

In the domestic marketprice of Indian Malabar black pepper decreased by 2% compared to last week, averagely at 5,031 USD / ton.

Indonesia’s black and white pepper prices decreased by 4% and 1% respectively from the previous week, averaging $ 3,280 / ton for black pepper and $ 6,041 / ton for white pepper.

In Vietnam, farm-based export prices for black and white pepper decreased by 6% and 5% respectively from the previous week, averaging US $ 2,699 / ton for black and US $ 4,306 / ton for White pepper.

Meanwhile, Sri Lankan black pepper also decreased 4% from the previous week, trading at an average of 3,414 USD / ton. Chinese white pepper decreased by 1% from the previous week, at an average of 6,125 USD / ton.

Going against the market in many countries, Malaysia black and white pepper prices rose 2% from the previous week, reaching an average of 3,292 USD / ton for black pepper and 4,920 USD / ton for white pepper, respectively.

International markets Also recorded a rather negative response when Indian black pepper decreased by 2% compared to last week, averaging at 5,300 USD / ton.

Indonesian black and white pepper depreciated by 3% and 1% respectively compared to last week, averagely at 3,907 USD / ton for black pepper and 6,965 USD / ton for white pepper.

Along with the downward trend, black and white pepper of Vietnam also depreciated by 1% from the previous week, averaging at 3,608 USD / ton and 5,343 USD / ton.

Chinese white pepper prices were also blown away by 1% from last week, trading at an average of $ 6,325 / ton. However, in the US market and some other countries, pepper prices have been stable in the past two weeks.

Last week, similar to the domestic market, Malaysia black and white pepper prices in the world market increased by 1% and 2% respectively compared to the previous week, averagely at 4,665 USD / ton for pepper. black and 6,120 USD / ton for white pepper. Thus, Malaysia is a rare market recorded an increase in pepper prices over the past week.

Muntok white pepper delivered in the US market in May and June recorded a price of 6,900 USD / ton.

According to BQT

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