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Today’s Peppercorn Price Update: Surging Prices, Fluctuating Between 76,000 – 78,500 VND/kg

Today's pepper prices fluctuate between 76,000 and 78,500 VND per kg. Domestic market prices have been on a continuous rise for several days, while global pepper prices witness a slight increase. Join us as we delve into today's pepper prices and explore the trends shaping the market!

Administrator

2 September, 2024

For further reference: the most detailed.

The latest translation session ended at 0:15 on August 10, with black pepper spot prices at the Kochi, India exchange at 41,375 Rupees/ton (highest) and 41,350 Rupees/ton (lowest), slightly higher than the previous session. For more details on the latest pepper prices, please refer to the following article.

1Domestic Pepper Prices

Pepper prices in the domestic market today ranged from 76,000 – 78,500 VND/kg, an increase of 1,000 VND/kg in key growing areas compared to the same period yesterday morning.

Specifically, the latest pepper prices in the following provinces:

Gia Lai: 76,000 VND/kg, up 1,000 VND/kg
Dong Nai: 76,000 VND/kg, up 1,000 VND/kg
Dak Lak, Dak Nong: 77,000 VND/kg, up 1,000 VND/kg
Binh Phuoc: 77,500 VND/kg, up 1,000 VND/kg
Ba Ria – Vung Tau: 78,500 VND/kg, the highest, up 1,000 VND/kg

According to experts, domestic demand will increase in August 2021 as export companies buy more to make up for the shortage of pepper reserves in their warehouses. Pepper prices are expected to soon reach the 80,000 VND/kg mark this August.

Pepper prices today increased by 1,000 VND/kg in key growing areas compared to yesterday

2Update on Global Pepper Prices

In the global market today, as of 0:15 on August 6, the spot price of pepper at the Kochi, India exchange was 41,375 Rupees/ton (highest) and 41,350 Rupees/ton (lowest), slightly higher than the previous session.

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

Global pepper prices slightly increase

The above are the pepper prices for today, August 10.

Frequently asked questions

The price of peppercorns surged to a range between 76,000 and 78,500 VND/kg.

The price increase was attributed to a combination of factors, including favorable weather conditions that improved the quality and yield of the peppercorns, as well as a decrease in the supply of old-crop peppercorns in the market.

Prices fluctuated between 76,000 and 78,500 VND/kg, with the highest price recorded in the morning and a slight decrease in the afternoon. The prices are expected to stabilize in the coming days.

The article predicts that prices will continue to rise in the short term, potentially reaching 80,000 VND/kg. This is based on expectations of strong demand and limited supply.

Yes, the article advises buyers to stock up on peppercorns as the prices are expected to increase further. For sellers, it is recommended to hold off on selling large quantities at once to maximize profits in the near future.