Pepper prices today 30/4, domestic prices increased sharply 500 VND / kg in Gia Lai and Dong Nai, world pepper prices increased 2.94%, to Rs 33,750 / quintal.
Pepper prices today 30/4, domestic prices increased sharply 500 VND / kg in Gia Lai and Dong, world pepper prices increased 2.94%, to Rs 33,750 / quintal.
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Pepper price today 30/4/4
Updated pepper prices today 30/4 from the online floor from the trading floor shows that domestic prices increased sharply 500 VND / kg in Gia Lai and Dong Nai. World pepper prices, after a long series of days, stood at 2.94%, up to Rs 33,750 a quintal.
Pepper prices today increased in a special day to celebrate the 45th anniversary of the liberation of the South and reunification of the country.
As of 6am this morning 30/4, pepper prices today in the Central Highlands and the southern highest price at 39,500 VND / kg was recorded in Ba Ria – Vung Tau, the lowest 37,000 VND / kg in Gia Lai, Dong. Deer.
Specifically, prices of pepper in Dak Nong (Gia Nghia) and Dak Lak (Ea H’leo) stood at VND 38,000 / kg.
Pepper prices in Ba Ria – Vung Tau provinces are the places with the highest pepper prices in the region when trading at 39,500 VND / kg.
Pepper price in Binh Phuoc was VND 38,500 / kg.
Particularly, pepper prices in Gia Lai and Dong Nai increased by VND 500 / kg to VND 37,500 / kg. However, this is still the lowest price in the Central Highlands provinces and the South.
In the context of complicated COVID-19 epidemic, slowing export, the domestic pepper industry needs to upgrade the processing stage to improve product value, and improve the competitiveness in the world market in next time
According to the preliminary report of the General Department of Vietnam Customs, pepper exports in March 2020 reached 40,297 tons of pepper of all kinds, an increase of 14,688 tons, an increase of 57.35% compared to the previous month and an increase of 5,078 tons. , an increase of 14.42% over the same period last year.
The value of pepper export turnover in the month reached 83.05 million USD, up 26.03 million USD, an increase of 45.64% compared to the previous month but down 6.27 million USD, or 7.02% compared to the previous month. with the same period last year.
Accumulated export volume of pepper in the first 3 months of 2020 totaled 80,680 tons of all kinds of pepper, an increase of 9,790 tons, an increase of 13.81% compared to the export volume in the first 3 months of 2019.
World pepper prices
Spot prices of world pepper at Kochi (India) fell by Rs 250 a quintal, down 0.74%, to Rs 33,500 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.
In the context of the complicated and ongoing Covid-19 pandemic spreading globally, pepper prices in the world market are likely to continue the downtrend in the near future, when subject to double effects. from pandemic and oversupply pressure.
According to Nedspice Group's forecast, although global pepper production is estimated to decrease by 12% this year, the inventory is expected to be still higher than the total demand in the market.
The market is still under oversupply pressure. Global pepper price is expected to remain at low level in the first 6 months of 2020. However, pepper price is likely to recover in the last 6 months when supply – demand returns to the equilibrium. At the same time, increased quality of pepper and increased labor costs will also contribute to support prices of pepper.
Pepper prices today 30/4, update prices of Central Highlands, the South, pepper prices today Phu Quoc, Vung Tau, Dong Nai
| Province / district (survey area | Purchasing price (Unit: VND / kg) | Change (Unit: VND / kg) |
| DAK LAK – Ea H’leo | 38,000 | 0 |
| GIA LAI – Chu Se | 37,500 | +500 |
| Dak Nong – Gia Nghia | 38,000 | 0 |
| BA RIA VUNG TAU | 39,500 | 0 |
| BINH PHUOC | 38, 500 | 0 |
| DONG NAI | 37,500 | +500 |
