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Today’s Black Pepper Prices 11/08/2021: Prices Rise, Fluctuating Between 76,000 – 78,500 VND/kg

Today's pepper prices fluctuate between 76,000 and 78,500 VND per kg. While the domestic market sees a continuous price hike in key regions, the global pepper market experiences a slight dip. Join us as we delve into today's pepper prices and explore the dynamics of this spicy commodity!

Administrator

6 August, 2024

For reference: For the most detailed information.

As of the latest trading session, which ended at 0:15 on August 11, the spot price of pepper in Kochi, India, decreased by 33.3 rupees/quintal to 41,333.35 rupees/quintal. For more details on the latest pepper prices, refer to the article below.

1Domestic Pepper Prices

Today’s pepper prices in the domestic market ranged from 76,000 – 78,500 VND/kg in the major growing areas.

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

Dong Nai reported the lowest price at 76,000 VND/kg
Gia Lai had a price of 76,500 VND/kg, an increase of 500 VND/kg
In Dak Lak and Dak Nong, the price was 77,500 VND/kg, an increase of 500 VND/kg
Binh Phuoc reported a price of 77,500 VND/kg
The highest price was observed in Ba Ria – Vung Tau at 78,500 VND/kg

Today’s pepper prices witnessed an increase of 500 VND/kg in the Central Highlands provinces compared to the same time yesterday. Currently, the COVID-19 situation is more challenging in the Southeast region compared to the Central Highlands, resulting in more active trading activities in Dak Lak and Dak Nong compared to Ba Ria and Binh Phuoc.

The price difference between the two regions has narrowed down to 1,000 – 2,000 VND/kg from the previous range of 2,000 – 3,000 VND/kg.

Today’s pepper prices fluctuate between 76,000 – 78,500 VND/kg

2Global Pepper Price Update

In the global market, as of 0:15 on August 12, the spot price of pepper in Kochi, India, decreased by 33.3 rupees/quintal to 41,333.35 rupees/quintal

The State Bank of Vietnam’s applicable exchange rate for import and export taxes from August 5 to August 11, 2021, is 312.13 VND/INR.

Spot pepper prices in Kochi, India, decreased by 33.3 rupees/quintal to 41,333.35 rupees/quintal

Frequently asked questions

The price of black pepper on that day was fluctuating between 76,000 and 78,500 VND/kg.

The price of black pepper is influenced by a variety of factors such as supply and demand, weather conditions, and market speculation. In the case of the price rise on November 8, 2021, the main factor was a decrease in supply due to unfavorable weather conditions in some major producing regions.

Weather conditions can have a significant impact on black pepper prices. Unfavorable weather, such as excessive rain or drought, can damage crops and reduce supply, leading to price increases. On the other hand, favorable weather conditions can lead to higher yields and increased supply, putting downward pressure on prices.

The top black pepper producing regions in the world include Vietnam, Indonesia, India, and Brazil. Vietnam is the largest producer and exporter, accounting for a significant share of global supply.

You can stay updated by following commodity price indices, subscribing to industry newsletters, and monitoring news from major producing regions. Additionally, keeping an eye on weather forecasts and reports can help anticipate potential price movements.