Pepper price today April 22 is in the range of 96,500 - 98,000 VND/kg. This year's dry season is extremely hot and has prolonged drought, causing many crops such as pepper to lose productivity and decline. This is one of the main reasons why prices have increased recently.
In Dak Lak province, today's pepper purchase price is 98,000 VND/kg.
In Dak Nong province, today's pepper purchase price is 97,000 VND/kg.
In Gia Lai province, today's pepper price is at 97,000 VND/kg, an increase of 2,500 VND/kg.
Meanwhile in Dong Nai, today's pepper price is at 96,500 VND/kg.
In Ba Ria - Vung Tau province, pepper price today is at 98,000 VND/kg.
In Binh Phuoc province, today's pepper price is purchased at 98,000 VND/kg.
Pepper prices today remained stable in localities compared to the same time yesterday. Summarizing last week, domestic pepper prices increased by 7,500 - 8,500 VND/kg. Compared to the beginning of the month, pepper prices increased by an average of 3,000 - 4,000 VND/kg.
From the second half of April 2024, the amount of pepper reserves purchased at low prices in February 2024 has almost run out, causing importers to increase purchases again. Along with that, the Muslim month of Ramadan ends, the Indonesian market returns, making transactions more exciting.
According to experts, this year's dry season is extremely hot and prolonged, causing many crops such as coffee, pepper, cashew, etc. to lose productivity and decline. This is one of the main reasons why the prices of Vietnamese agricultural products have increased recently.
According to information in the press, Mr. Ho Van Giao, a pepper farmer in Hamlet 5, Lam San Commune (Cam My District, Dong Nai Province), said that since September last year, the weather has begun to enter the dry season. The peak heat wave begins in February 2024, much earlier than every year. Now returning to Lam San, it is very difficult to find a lush pepper garden, especially in Hamlet 5, where the drought is worse than other areas.
Currently, irrigation water sources for pepper farmers in Lam San and many surrounding areas are very stressful because they depend on drilled wells. In the dry season, this water source is seriously reduced. The long-term solution is to preserve underground water sources. If you want to preserve groundwater, you must preserve soil, because soil and water go hand in hand.
Lam San is a typical example, like many other key pepper growing areas in the Central Highlands, facing a shortage of irrigation water. Some localities recorded a sharp increase in traders purchasing dead pepper roots to use as oriental medicine.
In the above situation, according to experts, this week the market will still maintain its upward momentum, possibly reaching 100,000 VND/kg. The selling force will be high when pepper prices reach their peak. In the medium term, the growth potential of Vietnamese pepper is still very large. Because Brazil and Indonesia have almost no additional supply until August.
According to KTĐT.vn
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