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Today’s Black Pepper Prices 05/08/2021: Prices Rise, Ranging from 72,500 – 75,500 VND/kg

Today, we delve into the world of pepper prices and the intriguing contrast it presents. While global markets witness a downward trend in pepper prices, domestic prices in key growing regions across the country are on the rise. Join us as we explore the intricacies of today's pepper prices and uncover the factors driving this interesting divergence.

Administrator

9 August, 2024

For reference: For the most detailed information.

The latest translation session ended at 0:15 on August 5, with spot pepper prices on the Kochi, India exchange ranging from 41,400 Rupees/ton (highest) to 41,300 Rupees/ton (lowest), continuing a downward trend from the previous day. For more details on pepper prices, check out the following article.

1Domestic Pepper Prices Today

Pepper prices in the domestic market today ranged from 72,500 – 75,500 VND/kg, a 500 VND/kg increase across key growing areas.

Specifically, the latest pepper prices in the following provinces are as follows:

Gia Lai: 72,500 VND/kg (lowest)
Dong Nai: 73,000 VND/kg
Dak Lak and Dak Nong: 73,500 VND/kg
Binh Phuoc: 74,500 VND/kg
Ba Ria – Vung Tau: 75,500 VND/kg (highest)

Currently, key pepper-growing areas across the country are focusing on fertilizing their crops during the flowering stage. After years of price declines to adjust global supply, pepper prices are gradually recovering, bringing joy to pepper farmers.

However, many farmers are not rushing to expand their pepper cultivation areas or engage in rampant planting as they did in the past. Instead, they are focusing on organic pepper farming, intercropping, improving yield, and post-harvest preservation techniques.

Pepper prices increased by 500 VND/kg in key growing areas

2Global Pepper Price Update

In the global market today, as of 0:15 on August 5, spot pepper prices on the Kochi, India exchange ranged from 41,400 Rupees/ton (highest) to 41,300 Rupees/ton (lowest), a slight decrease from the previous session. The State Bank of Vietnam sets the cross exchange rate for the Indian Rupee at 311.89 VND/IRN.

Global pepper prices continue their downward trend from the previous day

The above is the pepper price update for August 5. We hope you found this information useful.

Frequently asked questions

The price of black pepper on that date ranged from 72,500 to 75,500 VND/kg.

Black pepper prices are influenced by a variety of factors such as supply and demand, weather conditions, and market speculation. In the case of the price rise on 05/08/2021, the main factor was a decrease in supply due to unfavorable weather conditions in growing regions.

They take into account factors such as the cost of raw materials, labor, and transportation, as well as the current market demand and supply.

The selling price is the price at which traders and exporters offer black pepper to the market, while the purchase price is the price at which they buy black pepper from farmers or producers. The difference between the two prices is known as the ‘spread’ and can vary depending on market conditions and the margins sought by traders.