For reference: For the most detailed information.
The latest translation session ended at 0:15 on August 23rd, with black pepper spot prices at the Kochi, India exchange ranging from 41,333.35 Rupees/quintal (highest) to 41,300 Rupees/quintal (lowest), maintaining a sideways trend from the previous session. For more detailed information on the latest black pepper prices, please refer to the article below.
1 Domestic Black Pepper Prices
Black pepper prices in the domestic market today ranged from 76,500 – 79,500 VND/kg in the 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/kg
- In Dak Lak and Dak Nong, prices reached 77,500 VND/kg
- Binh Phuoc reported prices of 78,500 VND/kg
- The highest price was observed in Ba Ria – Vung Tau at 79,500 VND/kg
According to Mr. Hoang Phuoc Binh, Vice Chairman and General Secretary of the Chư Sê Pepper Association, “the COVID-19 pandemic has disrupted supply chains, and transportation costs have increased. Some enterprises signed sales contracts at 40,000-55,000 VND/kg, but now they have to buy pepper at over 70,000 VND/kg to fulfill their obligations. On the other hand, some enterprises are taking advantage of the situation to close out their stored inventory, which may lead to price fluctuations in the short term. We anticipate that by the end of this year and in the following years, black pepper prices will gradually improve and may reach 90,000-100,000 VND/kg.”
Black pepper prices in the domestic market today ranged from 76,500 – 79,500 VND/kg
2 Global Black Pepper Price Update
In the global market today, as of 0:15 on August 23rd, black pepper spot prices at the Kochi, India exchange ranged from 41,333.35 Rupees/quintal (highest) to 41,300 Rupees/quintal (lowest), maintaining a sideways trend from the previous session.
The State Bank of Vietnam’s applicable exchange rate for calculating import and export taxes on Vietnamese Dong against Indian Rupee from August 19th to 25th, 2021, is 311.47 VND/IRN.
Global black pepper prices remain sideways compared to the previous session
The above information provides the latest black pepper prices as of August 23rd.
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