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Today’s Peppercorn Price: Down Slightly by 500 VND, Lowest at 73,500 VND/kg

Today's pepper prices fluctuate between 73,500 - 78,500 VND/kg. The domestic market took a slight unexpected dip in key regions. Join us as we delve into today's pepper prices and explore the insights and trends shaping the market.

Administrator

6 August, 2024

For more details: Read on for the latest updates!

As of the most recent trading session, which ended at 0:15 on August 28th, the spot price of pepper in Kochi, India, ranged from 41,333.35 Rupees/ton (highest) to 41,300 Rupees/ton (lowest), continuing to trade sideways compared to the previous session. For more insights, be sure to check out the article below for the latest pepper prices.

1Domestic Pepper Prices

Pepper prices in the domestic market today ranged from 73,500 – 78,500 VND/kg, a slight decrease of 500 VND/kg in key growing areas.

Here are the latest prices in specific provinces:

Gia Lai province recorded the lowest price at 73,500 VND/kg
Dong Nai province: 74,000 VND/kg
Dak Lak and Dak Nong provinces: 76,500 VND/kg
Binh Phuoc province: 77,500 VND/kg
Ba Ria – Vung Tau province had the highest price at 78,500 VND/kg

According to experts, price movements in the coming period will largely depend on the ability to control the COVID-19 situation in Ho Chi Minh City and other southern provinces. Prices are expected to remain sideways with a slight downward trend until the National Day holiday on September 2nd.

Currently, pepper prices fluctuate between 73,500 and 78,500 VND/kg, a slight decrease of 500 VND/kg

2Global Pepper Price Update

In the global market, as of 0:15 on August 28th, the spot price of pepper in Kochi, India, ranged from 41,333.35 Rupees/ton (highest) to 41,300 Rupees/ton (lowest), maintaining a sideways trend compared to the previous session.

The State Bank of Vietnam’s exchange rate for the Indian Rupee, effective from August 26th to September 1st, 2021, for the calculation of import and export taxes, is 312.08 VND/IRN.

Global pepper prices remain sideways compared to the previous session

This concludes our pepper price update for today, August 28th.

Frequently asked questions

The price of peppercorns in Vietnam experienced a slight decrease of 500 VND per kg on the specified date, reaching a lowest price of 73,500 VND per kg.

The lowest price recorded for peppercorns during that period was 73,500 VND per kg.

The slight drop in prices could be attributed to various factors such as market supply and demand dynamics, changes in production costs, or even competitive pricing strategies employed by traders and exporters.

While the price drop may provide temporary relief to buyers, it could potentially impact the profitability of producers and traders. Sustaining prices at this level or lower may require efficient cost management and strategic pricing decisions from market participants.