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The agricultural product 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 rising slightly.
1 Domestic Pepper Prices
Today’s pepper prices in the domestic market range from VND 77,500 to 81,500 per 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 VND 77,500 per kg
- Gia Lai is at VND 78,500 per kg
- Dak Lak and Dak Nong are at VND 79,500 per kg
- Binh Phuoc is at VND 80,500 per kg
- Ba Ria – Vung Tau has the highest price at VND 81,500 per kg
This morning, domestic pepper prices rose slightly compared to the same period yesterday. Last week, pepper prices increased by an average of VND 1,000 to 1,500 per kg. The highest price was recorded in Ba Ria – Vung Tau. Export pepper prices also increased by $50 per 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 per ton.
Today’s pepper prices remain stable compared to yesterday, ranging from VND 77,000 to 81,000 per 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. 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 decline are COVID-19 and the high cost of ocean freight. The average export price during this period reached $4,046 per 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
The above is the pepper price update for September 27, 2021, that we would like to share with you.
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