Today’s Peppercorn Price: Stable Market Range of 76,500 – 79,500 VND/kg

Today, black pepper prices fluctuate between 76,500 - 79,500 VND/kg. A slight downward trend is observed due to ample stocks, as the Covid-19 disruption caused a break in the supply chain. The domestic market has remained stagnant for several days in key regions. Join us as we delve into today's pepper prices and market insights!

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For reference: For the most detailed information.

The latest translation session ended at 0:15 on August 23rd, with black pepper spot prices at the Kochi, India exchange ranging from 41,333.35 Rupees/quintal (highest) to 41,300 Rupees/quintal (lowest), maintaining a sideways trend from the previous session. For more detailed information on the latest black pepper prices, please refer to the article below.

1Domestic Black Pepper Prices

Black pepper prices in the domestic market today ranged from 76,500 – 79,500 VND/kg in the key growing areas.

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

  • Dong Nai and Gia Lai recorded the lowest price at 76,500 VND/kg
  • In Dak Lak and Dak Nong, prices reached 77,500 VND/kg
  • Binh Phuoc reported prices of 78,500 VND/kg
  • The highest price was observed in Ba Ria – Vung Tau at 79,500 VND/kg

According to Mr. Hoang Phuoc Binh, Vice Chairman and General Secretary of the Chư Sê Pepper Association, “the COVID-19 pandemic has disrupted supply chains, and transportation costs have increased. Some enterprises signed sales contracts at 40,000-55,000 VND/kg, but now they have to buy pepper at over 70,000 VND/kg to fulfill their obligations. On the other hand, some enterprises are taking advantage of the situation to close out their stored inventory, which may lead to price fluctuations in the short term. We anticipate that by the end of this year and in the following years, black pepper prices will gradually improve and may reach 90,000-100,000 VND/kg.”

Black pepper prices in the domestic market today ranged from 76,500 – 79,500 VND/kg

2Global Black Pepper Price Update

In the global market today, as of 0:15 on August 23rd, black pepper spot prices at the Kochi, India exchange ranged from 41,333.35 Rupees/quintal (highest) to 41,300 Rupees/quintal (lowest), maintaining a sideways trend from the previous session.

The State Bank of Vietnam’s applicable exchange rate for calculating import and export taxes on Vietnamese Dong against Indian Rupee from August 19th to 25th, 2021, is 311.47 VND/IRN.

Global black pepper prices remain sideways compared to the previous session

The above information provides the latest black pepper prices as of August 23rd.

Frequently asked questions

The price of peppercorns was stable, ranging from 76,500 to 79,500 VND/kg.

Yes, this price range is considered stable and fair for the market. It provides a good opportunity for both buyers and sellers to engage in trade without significant fluctuations affecting their decisions.

The price of peppercorns can be influenced by various factors such as supply and demand dynamics, weather conditions affecting crop yield, and global market trends. Local market conditions, including competition and bargaining power, also play a role in determining the final price.

Stable prices create a favorable environment for both buyers and sellers. Buyers can take advantage of the stability to purchase peppercorns without worrying about sudden price hikes. Sellers, on the other hand, can use this opportunity to attract more customers by offering competitive prices and ensuring a consistent supply.

While price stability is generally positive, there is always the risk of unexpected events or market shifts that could impact prices. Unforeseen circumstances, such as natural disasters or sudden changes in consumer preferences, could potentially disrupt the stability and cause price fluctuations.
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