The world pepper market is worried because of lack of supply, our country's farmers still have a large amount of goods that they do not want to launch.
Closing the session on 4/8, the price of pepper futures in the Indian market decreased slightly by 6 USD / ton for the August term while September increased by 14 USD / ton and October increased by 1 USD / ton.
At 16:00 pm on the same day, the price of domestic pepper in Ba Ria-Vung Tau increased to VND 115,000 / kg,
Unlike market analysts predict, entering the summer vacation of Europe and America world pepper prices will fall in the short term due to lack of buyers. So far, the price of pepper has remained high and has maintained an uptrend.
This morning, August 5, while prices in the Central Highlands were at VND 111,000-112,000 / kg, the price of raw material at Ba Ria-Vung Tau continued to increase by VND 1,000, to VND 116,000 / kg, higher than VND 5,000. copper compared to the first day of the week. This is the level of some traders offering to buy prices.
World pepper market is worried because of lack of supply, our country's farmers are still hoarding a sizable amount of goods that do not want to be launched.
Thanh Tam, a farmer in Cu Kuin, DakLak, said: “I have 3 tons left, waiting forever but I don't see the price rise.” But when the price goes up: “… my husband said he didn't want to sell” and “wait a little longer” …
The case does not want to release the majority of wealthy farmers, harvest a few tons of pepper each season or more. Many people also said they were waiting for “a more satisfactory price.”
According to Customs statistics, pepper export in the first half of July reached 4,988 tons, worth US $ 29.54 million, bringing the export volume of 6.5 months to 74,607 tons, turnover value 405,023 million. USD, although down by 3.69% in volume, increased by 64.51% in value over the same period last year.
Average export price of pepper in the first half of July reached US $ 5,921 / ton, up 2.07% compared to June prices.
Up to now, pepper harvest in the Central region has not been completed but the output may not be as expected due to the effects of last year's heavy rains.
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