For reference: The most detailed update on pepper prices!
The agricultural produce market, including pepper, has been positively impacted by effective COVID-19 prevention measures and adaptive safety plans. The reopening of Ho Chi Minh City and the surrounding provinces, which are home to processing factories and warehouses, has facilitated the resumption of production and export activities. As a result, the pepper market has become more vibrant, with prices experiencing a slight increase.
1. Domestic Pepper Prices
Pepper prices in the domestic market today range from 77,500 – 81,500 VND/kg, a slight increase compared to the same period yesterday in the key growing areas.
Specifically, the latest pepper prices in the following provinces are as follows:
- Dong Nai has the lowest price at 77,500 VND/kg
- Gia Lai at 78,500 VND/kg
- Dak Lak and Dak Nong at 79,500 VND/kg
- Binh Phuoc at 80,500 VND/kg
- Ba Ria – Vung Tau has the highest price at 81,500 VND/kg
This morning, domestic pepper prices rose slightly compared to the same period yesterday. Last week, pepper prices increased by an average of 1,000 – 1,500 VND/kg. The highest price was recorded in Ba Ria – Vung Tau. Export pepper prices also increased by 50 USD/ton last week. Compared to the beginning of the month, the export prices of black and white pepper from Vietnam have increased by up to 165 USD/ton.
Today’s pepper prices remain stable compared to yesterday, ranging from 77,000 – 81,000 VND/kg
2. Export Pepper Information
Pepper exports in the first half of September 2021 reached 6,359 tons, with a turnover value of 25.73 million USD. This figure is even lower than the exports in the first half of August 2021, marking a consecutive decline in exports of this commodity.
The main reasons for this decrease are the impacts of COVID-19 and the high sea freight rates. The average export price during this period reached 4,046 USD/ton, an increase of 7.32% compared to the average export price in August 2021.
Pepper exports in the first half of September 2021 reached 6,359 tons, with a turnover value of 25.73 million USD
The above is the latest update on pepper prices as of September 27th.
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