For further reference, see the most detailed article.
As of the latest trading session at 00:15 on August 20th, black pepper spot prices at the Kochi exchange in India ranged from 41,300 to 41,333.35 Rupees per quintal, maintaining a sideways trend compared to the previous session. For more details on black pepper prices, refer to the article below.
1 Domestic Black Pepper Prices
Black pepper prices in the domestic market today ranged from 76,500 to 79,500 VND per kg in key growing areas.
Specifically, the latest black pepper prices in the following provinces are as follows:
- Dong Nai and Gia Lai recorded the lowest price at 76,500 VND per kg.
- In Dak Lak and Dak Nong, prices reached 77,500 VND per kg.
- Black pepper in Binh Phuoc was quoted at 78,500 VND per kg.
- The highest price was observed in Ba Ria – Vung Tau at 79,500 VND per kg.
Currently, black pepper prices are on the rise, but we do not have sufficient stock in the raw material areas for procurement. About 80% of this year’s black pepper output has already been sold by farmers since the beginning of the crop year, and purchases now are mostly small-scale. Even if black pepper prices climb to 80,000 VND per kg, not many farmers will benefit as there is little to no stock left to sell.
Black pepper prices in the domestic market today ranged from 76,500 to 79,500 VND per kg
2 Global Black Pepper Price Update
In the global market today, as of 00:15 on August 20th, black pepper spot prices at the Kochi exchange in India ranged from 41,300 to 41,333.35 Rupees per quintal, continuing the sideways trend from the previous session.
The State Bank of Vietnam’s applicable exchange rate for calculating import and export taxes from August 19th to 25th, 2021, is 311.47 VND/INR.
Global black pepper prices maintain a sideways trend compared to the previous session
The above is the black pepper price update for August 20th that we would like to share with you.
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