Pepper value immediately (August 20): Market is sideways

Pepper costs immediately, August 20, within the home market are steady in key localities, buying and selling from 138,000 to 140,000 VND/kg.

Particularly, pepper value immediately in Gia Lai is at 138,000 VND/kg.

Pepper costs immediately within the provinces of Dong Nai (138,000 VND/kg); Dak Lak (140,000 VND/kg); Dak Nong (139,000 VND/kg); Ba Ria – Vung Tau (138,000 VND/kg) and Binh Phuoc (138,000 VND/kg).

Pepper value immediately (August 20): Market is sideways.

Thus, after only one day of improve, home pepper costs immediately remained steady in key localities. The best pepper value was at 140,000 VND/kg. In abstract, final week, pepper costs misplaced 2,000 – 3,000 VND/kg.

* Within the first 7 months of 2024, Vietnam needed to import plenty of pepper from international locations resembling Cambodia, Indonesia and Brazil. The quantity of pepper from these 3 international locations alone accounted for 92% of our nation’s whole import turnover.

The explanation why Vietnamese enterprises must import pepper whereas our nation is the main producer and exporter of this commodity is claimed to be as a result of the value of pepper was low prior to now, so many farmers switched to rising different crops. As well as, attributable to unfavorable climate situations, pepper output has additionally decreased sharply.

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