The fluctuations of pepper prices in recent days are actually led by agents and traders, instead of large exporting companies.
After the world price of pepper on the Kochi-India exchange increased rapidly at the end of last week, the increase of all commodities on the world market, surpassing the record mark of Rs 30,000 per quintal, dragged down the price. domestic pepper skyrocketed after a rather long period of stagnation.
In the Southeast and Central Highlands, the price of pepper in buckets increased to 110,000 VND/kg from Saturday afternoon until noon this Monday. While companies are not active because of the weekend, the rapid increase in prices is almost entirely made by dealers and traders.
Through this, we can also see the agility, timely taking shortcuts of this middle class team in the operation of the agricultural product market in our country today. It is this team that will provide the necessary and timely goods for large businesses when they need goods to deliver under the contract. They are also a reserve on behalf of businesses, when businesses are afraid to not collect inventory because the interest rate on loans is too high. Agents and traders have contributed to dominate the increasingly stronger pepper market.
At the end of the first session of the week, the world pepper price slowed down while in mid-session, there was a time when the price dropped sharply, making speculators as well as domestic pepper reserves worried.
Over the next day, about an hour after the world pepper floor opened for trading, the selling power of commodity funds increased sharply, causing the world pepper price to plummet, leaving the mark of Rs 30,000/quintal to China. at Rs 29,460/quintal for June term, a decrease of USD 186/ton.
The domestic bucket pepper price also left the mark of 110,000 VND/kg and returned to 108,000 VND/kg and continued to decrease.
Vietnam’s export of black pepper according to Asta standard is priced at 6,300 – 6,400 USD/ton, 500 Gr/l pre-processed black pepper is priced at 5,600 USD/ton and 550 Gr/l is priced at 5,900 USD/ton (FOB). .
While Indian pepper special grade MG1 costs 6,800 USD/ton exported to the US, the price is very competitive and almost unchanged.
The international agricultural speculators said that the current price on the world floor is the price of paper goods, while the real price is much lower.
According to observers, the amount of goods exported in Vietnam is very small because farmers continue to hoard goods and do not want to sell when the price has not met expectations and speculators in the world do not want to sell at a low level. This price.
This morning, June 16, the price of bucket pepper in Ba Ria-Vung Tau was 106,000 VND/kg, and 105,000 VND/kg in other places. However, the decline seems to have stopped.
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