The world pepper market is worried because of the lack of supply, but our farmers still have a large amount of goods that they do not want to release.
Closing the session yesterday 4/8, pepper futures prices in the Indian market decreased slightly by 6 USD/ton for August term while in September increased by 14 USD/ton and in October increased by 1 USD/ton.
At 16 pm on the same day, the domestic price of pepper in Ba Ria-Vung Tau increased to 115,000 VND/kg,
Unlike market analysts predict, entering the summer holiday of Europe and America, world pepper prices will drop in the short term because of lack of buyers. So far, pepper prices have remained at a high level and maintained an uptrend.
This morning, August 5, while the price in the Central Highlands was still at 111,000-112,000 VND/kg, the price of bucket pepper in Ba Ria-Vung Tau continued to increase by 1,000 VND to 116,000 VND/kg, higher than 5,000. compared to the first day of the week. This is the level offered by some traders to buy and pick up the price.
The world pepper market is worried because of the lack of supply, but our country’s farmers still have a large amount of goods that they do not want to release.
Ms. Thanh Tam, a farmer in Cu Kuin, DakLak said: “I have 3 tons left, I can’t wait to see the price go up”. But when the price goes up: “…my husband told me to sell but I don’t want to sell” and “wait a little bit more”…
Those who do not want to release the goods are mostly well-off farmers who can harvest a few tons of pepper each season or more. Many also said they were waiting for a “more satisfactory price”.
According to Customs statistics, pepper exports in the first half of July reached 4,988 tons, with a turnover of US$29.54 million, bringing the export volume of the first 6.5 months of the year to 74,607 tons, with a turnover of 405,023 million. USD, although decreased by 3.69% in volume but increased by 64.51% in turnover value over the same period last year.
The average export price of pepper in the first half of July reached US$5,921/ton, up 2.07% compared to the June price.
Up to now, the pepper harvest in the central region has not been completed, but the output may not be as expected due to the impact of last year’s heavy rains and floods.
Follow CafeF
Source link
