| In the coming time, the amount of pepper imported from other countries to Vietnam will fall sharply, the price of pepper from Vietnam will remain at the most competitive level. (Source: Borneo Talk) |
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 40,775 rupees / quintal (highest) and 40,066.65 rupees / quintal (the lowest), down sharply compared to that of previous session.
The cross rate of Vietnam dong against the Indian Rupee (INR) on April 21 was applied by the State Bank to calculate the import and export tax of 305.95 VND / INR.
Domestic pepper prices
Today’s pepper prices in the domestic market were traded at VND 67,000 – 71,000 / kg in localities.
Specifically, today’s pepper price in Gia Lai was the lowest in the market at VND67,000 / kg.
Today’s pepper prices in Dong Nai provinces (68,000 VND / kg); Dak Nong, Dak Lak (69,500 VND / kg); Binh Phuoc (70,0000 VND / kg) and Ba Ria – Vung Tau were at the highest threshold of 71,000 VND / kg.
According to the latest article above PeppertradeAlthough Vietnam’s pepper market in recent days has fluctuated, the level of increase or decrease is not significant. Pepper material areas of Vietnam will gradually go to the end of the 2021 crop, and basically complete the harvest.
Also follow PeppertradeVietnam is preparing to enter a long holiday, from April 30 to May 2 (or May 3, depending on the unit), so manufacturers and exporters are increasingly buying raw materials to ensure timely Delivery time in April according to the signed contract.
According to preliminary statistics, Vietnam imported about 8,143 tons of pepper in the first quarter of 2021 from a number of markets, an increase of 5.8% over the same period in 2020. These orders have almost been signed in Quarter III and Quarter IV of 2020.
In addition, it is noteworthy that the volume of pepper imported via official channels from Cambodia in the first quarter of 2021 also increased by 238.5%, reaching 606 tons.
Peppertrade commented that it is possible that in the coming time, the amount of pepper imported from other countries to Vietnam will drop sharply because there is no price difference between regions of origin when pepper prices from Vietnam remain at the most competitive level.
The Covid-19 epidemic in Cambodia is complicated, so the amount of raw materials imported from neighboring countries into Vietnam will be interrupted.
According to BQT
