For reference: More details.
The latest trading session at the Kochi, India floor ended at 0:15 on August 21st, with spot prices ranging from 41,333.35 Rupees/quintal (highest) to 41,300 Rupees/quintal (lowest). This marks a steady hold from the previous session. For a more comprehensive overview, be sure to check out the following article on the latest pepper prices.
1 Domestic Pepper Prices
Today’s pepper prices in the domestic market range from 76,500 – 79,500 VND/kg in key growing areas.
Specifically, the latest online pepper prices in provinces such as:
- Dong Nai and Gia Lai are at the lowest in the market at 76,500 VND/kg
- Dak Lak and Dak Nong are at 77,500 VND/kg
- Binh Phuoc is at 78,500 VND/kg
- Ba Ria – Vung Tau is the highest at 79,500 VND/kg
Mid-August marks a slow period for pepper exports, with volumes only reaching a third of July’s figures. This is partly due to the current high cost of ocean freight. Additionally, China’s resurgence in import-export activities post-pandemic is creating a shortage of vessels. Shipping companies are prioritizing shipments to neighboring countries rather than Vietnam and other regions experiencing COVID-19 outbreaks.
Today’s pepper prices in the domestic market range from 76,500 – 79,500 VND/kg
2 Global Pepper Price Updates
In the global market today, as of 0:15 on August 21st, spot prices at the Kochi, India floor ranged from 41,333.35 Rupees/quintal (highest) to 41,300 Rupees/quintal (lowest), maintaining a steady hold from the previous session.
The State Bank of Vietnam’s applied exchange rate for tax calculation on exports and imports, effective from August 19th to 25th, 2021, is 311.47 VND/INR.
Global pepper prices hold steady from the previous session
These are the pepper prices for August 21st that we wanted to share with you.
Today’s Black Pepper Prices 08/04/2021: A Slight Uptick, Trading at 72,000 – 75,000 VND per kg
Today, we delve into the world of pepper prices and the fluctuations they’re experiencing. While global prices continue on a downward trajectory, some local regions are witnessing a reversal with prices inching upwards. Join us as we explore the intricacies of today’s pepper market and uncover the factors driving these contrasting trends.