Pepper prices today 5/5, domestic pepper prices go sideways, quiet transactions despite the commodity market showing signs of increase, all activities return after the holiday.
Pepper prices today 5/5, domestic pepper prices go sideways, quiet transactions despite the commodity market showing signs of increase, all activities return after the holiday.
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Pepper price today 5/5
Update on pepper prices today 5/5, information from online exchanges as well as surveys of localities planting pepper in the South and Central Highlands showed that pepper prices at the beginning of the week have not had much change in prices despite the market. Goods have signs of returning.
After more than 1 month of social spacing and isolation of production and business activities, the company has recovered. This is a positive signal to promote consumption, thereby helping prices go up.
Experts expect pepper prices to rise this week as commodity markets show signs of increasing purchases after many countries lift social measures.
Up to 6am this morning 5/5, pepper prices in the Central Highlands and the South the highest price level of 39,500 VND / kg was recorded in Ba Ria – Vung Tau, the lowest 37,000 VND / kg in Gia Lai, Dong Nai.
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.
Pepper price in Gia Lai is 37,500 VND / kg
Meanwhile, pepper price in Dong Nai is VND 37,500 / 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
Closing the week, the spot price of world pepper at Kochi (India) decreased by Rs 250 / quintal, by 0.75%, to Rs 33,100 / 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.
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.
It is forecast that in the coming time, the world pepper market will still be strongly affected by the Covid-19 pandemic. Disease movements are still complicated, especially in the US and Europe – the major pepper markets in the world, which will cause the import demand to plummet. Domestic pepper production is quite large, but Vietnam Men mainly export in raw form.
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. At present, Vietnam's pepper harvest reaches over 50% of the production, estimated this year's crop reaches about 250,000 tons.
Pepper prices today 5/5, updating prices Central Highlands, Southern, today's pepper prices Phu Quoc, Vung Tau, Dong Nai
| Local survey | Purchase price | Up and down |
| DAK LAK – Ea H’leo | 38,000 | 0 |
| GIA LAI – Chu Se | 37,500 | 0 |
| DAK NONG – Gia Nghia | 38,000 | 0 |
| BA RIA VUNG TAU | 39,500 | 0 |
| BINH PHUOC | 38,500 | 0 |
| DONG NAI | 37,500 | 0 |
