Pepper prices today 5/5: The world continued to decrease, the highest was VND 69,000 / kg; The market is bleak, prices are still volatile

Pepper prices today 5/5: The world continued to decrease, the highest was VND 69,000 / kg; bleak market. (Source: Food Hacks)

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 39,075 / quintal (highest) and 39,000 rupees / quintal (lowest), continuing to decline compared to the session. before.

The cross rate of Vietnam dong against the Indian Rupee (INR) on May 4, applied by the State Bank to calculate the export and import tax is 312.47 VND / INR.

Indian pepper prices continued to decline slightly in the context of the Covid-19 epidemic in this country which is becoming more and more serious. Recently, Indian Malabar black pepper decreased by 2% compared to last week, averagely at 5,031 USD / ton.

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.

Currently, localities have finished harvesting this year’s pepper crop, with the expected yield decreased significantly. However, the exact number is still waiting for the authorities to synthesize and announce.

As noted, the price of pepper this year has increased well, helping farmers get results after many years of hard work for pepper. However, experts fear that people who do not re-plant pepper as planned will lead to long-term consequences.

It is forecasted that by 2050, the world pepper production will increase to 1 million tons and the world demand for pepper will also increase, but not balanced with the supply. As a result, pepper prices may remain volatile for many more years.

According to the General Department of Customs, in the first half of April 2021, pepper exports reached 15,304 tons, turnover of $ 47.90 million, bringing the total number of pepper exports in the first 3.5 months of 2021 to 76,296 tons. turnover reached 227.94 million USD, decreased 21.98% in volume but increased 7.32% in value over the same period last year.

The average export price in the period reached 3,130 USD / ton, up 6.07% compared with the average export price in March 2021.

The total export volume of pepper in April of Vietnam is at least 34,000 tons and in the first 4 months of 2021, about 95,000 tons are exported (in the first 4 months of 2020, it is 116,764 tons).

According to BQT

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