Pepper prices on April 10 decreased slightly in the world market. According to experts, although the price of pepper has increased, the market is still potentially volatile, and people cannot help but worry. Especially when this year, productivity has decreased significantly, the labor cost for harvesting has increased, the disease on pepper is still …
World pepper prices
On the world market, at the end of the last trading session, recorded at 12:15 am on April 10, spot prices of pepper at Kochi – India increased slightly compared to a day earlier, up 100 rupees / quintal, at Rs 40,333.35 / quintal (highest) and Rs 40,250 / quintal (lowest).
The cross rate of VND against the Indian Rupee (INR) on April 9 applied by the State Bank is 308.59 VND / INR.
According to a recent article on The Hindu Business Line, Kishore Shamji, a pepper trader at the Kochi exchange, pointed out that the pepper market in the states of Maharashtra and Gujarat has begun to cool down.
According to Shamji, the reason is that the spread of Covid-19 epidemic in India is increasingly complicated, causing the demand for pepper to decrease.
Pepper prices today April 10: Slightly decreased at the end of the week
According to the expert above, over the past time, the sharp increase in pepper prices in India has forced farmers to keep a certain amount of pepper, making the market more scarce. On average, Kochi exchanges about 25 tons of pepper per day, mostly imported from Sri Lanka.
In addition, Shamji said, market demand for green pepper products is on the rise, especially from European countries. This is also a factor contributing to the reduction of black pepper at auctions. This year, pepper production in India is estimated at 60,000-65,000 tons.
Domestic pepper prices
Today’s pepper prices in the domestic market were traded at VND 70,000 – 74,000 / kg in localities.
Specifically, today’s pepper price in Gia Lai was the lowest in the market at VND70,000 / kg.
Today’s pepper prices in Dong Nai provinces (VND 71,000 / kg); Dak Nong, Dak Lak (72,000 VND / kg); Binh Phuoc (73,000 VND / kg) and Ba Ria – Vung Tau were at the highest threshold of 74,000 VND / kg.
Although the current pepper price has increased compared to the same period last year, growers have made a little profit, but the market is still potentially volatile, the unpredictable ups and downs prices make people worried. Especially when this year, the productivity of many pepper gardens has been seriously reduced, the labor cost for harvesting has increased, the disease on pepper is still …
According to thuongtruong
