| The Covid-19 epidemic is exploding again in many parts of the world, causing the consumption of pepper to fall sharply, forcing the price to fall sharply. (Source: AdobeStock) |
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 39,600 / quintal (highest) and 39,500 rupees / quintal (lowest), down by 100 rupees / quintal. with the previous session.
The cross rate of Vietnam dong against the Indian Rupee (INR) on April 23 was applied by the State Bank to calculate the import and export tax at 307.65 VND / INR.
According to a recent article on The Hindu Business Line, Mr. Kishore Shamji, of Kishor Spices Company based in Kochi (India), said that the pandemic constraints in addition to the abundant supply from Sri Lanka have caused Pepper prices tend to go down.
In March, the price of imported pepper in the Indian market decreased to 385 rupees / kg with a total import volume of 1,285 tons.
When pepper prices hit Rs 392 / kg and special pepper products surpassed Rs 400 / kg on April 16, most pepper growers in India increased stockpiles in the hope of further price increases. again.
However, the market is currently witnessing a wave of sell-off across the country, leading to a sharp increase in supply, affecting pepper prices in this country.
Domestic pepper prices
Today’s pepper prices in the domestic market were traded at VND 65,000 – 70,500 / kg in localities.
Specifically, today’s pepper price in Gia Lai was the lowest in the market at 65,000 VND / kg.
Today’s pepper prices in Dong Nai provinces (67,000 VND / kg); Dak Nong, Dak Lak (68,500 VND / kg); Binh Phuoc (69,500 VND / kg) and Ba Ria – Vung Tau were at the highest threshold of 70,500 VND / kg.
According to the report of the General Department of Customs, exports in the first half of April 2021 reached 15,304 tons of pepper of all kinds, with a turnover of $ 47.90 million, bringing pepper exports in the first 3.5 months of 2021 to 76,296. tons of pepper of all kinds with a turnover of USD 227.94 million, decreased by 21.98% in volume but increased by 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.
According to experts, the outbreak of Covid-19 outbreak in many parts of the world is causing the consumption of pepper to drop sharply, forcing the price to drop deeply.
Noting the fact, the export situation of businesses is quite bleak, mainly handling old orders delivered in May. Meanwhile, although the harvest is about to end, there is no strong sales from farmer.
According to BQT
