Domestic pepper prices today continued to go down on 23/3/2021, plummeted to 3,000 VND / kg. Currently, the highest pepper price in the country is 73 million VND / ton.
Update the latest pepper prices today 23/3/2021
World pepper prices today
On the world market, pepper prices today 23/3, spot on Kochi – India decreased 75 rupees / quintal at 38,225 rupees / quintal.
Currently, the cross rate of Vietnam dong against the Indian Rupe (INR) from March 18 to March 24, 2021 is applied by the State Bank to calculate the import and export tax of 319.7 VND. / INR.
Last week, the prospect for export pepper market was quite positive. Indian black pepper was reported to have increased 4% to an average of US $ 5,202 / million tons.
Export prices of black and white pepper to Indonesia increased by 5% compared to the previous week, respectively $ 3,010 / million tons and $ 5,479 / million tons. Malaysian black and white pepper prices were purchased at USD 3,950 / million tons and USD 5,300 / million tons, respectively up 2% and 1%.
Thus, the price of pepper today 23/3/2021 in the world market is decreasing slightly.
Domestic pepper prices today
Pepper prices today 23/3 in the domestic market simultaneously decreased deeply to 3,000 VND / kg.
Specifically, pepper prices in Dak Lak and Dak Nong provinces today decreased by 3,000 VND / kg, purchased at 71,000 VND / kg.
Today’s pepper price in Gia Lai province also decreased by 3,000 VND / kg, trading at 70,000 VND / kg.
Today’s pepper prices in Dong Nai decreased by 3,000 VND / kg, purchased at 69,000 VND / kg.
In Ba Ria – Vung Tau, pepper prices today fell deeply 3,000 VND / kg, to 73,000 VND / kg.
In Binh Phuoc province, today pepper prices traded at 72,000 VND / kg, also decreased by 3,000 VND / kg.
True to the warnings about risks given earlier, pepper prices peaked and tended to drop, causing psychological fear that prices will fall further, so many people began to “discharge”. This inadvertently caused prices to fall “upright” over the past few days.
Some news spread that Chinese traders are gathering goods in Vietnam, however, the representative of the Vietnam Pepper Association denied this information.
Thus, the price of pepper today 23/3/2021 in the domestic market is trading at 69,000 – 73,000 VND / kg.
According to NNVN
