Pepper market on July 28, 2024

 

Pepper market on July 28, 2024, the market last week increased again in localities

Posted onJuly 28, 2024by VPA

28
Jul

Pepper prices today  fluctuate between 148,000 - 150,000 VND/kg. Over the past week, pepper prices increased by about 3,000 - 4,000 VND/kg.

Update domestic pepper prices

Pepper prices last week increased from 3,000-4,000 VND in localities.

Specifically, after increasing 3,000 VND/kg, the two provinces of Ba Ria - Vung Tau and Binh Phuoc adjusted the transaction to a common level of 148,000 VND/kg.

Traders in Gia Lai and Dong Nai are buying pepper at a price of 149,000 VND/kg, an increase of 4,000 VND/kg.

The highest transaction level of 150,000 VND/kg was recorded in Dak Lak and Dak Nong after an increase of 4,000 VND/kg.

Update pepper information

According to data from the General Department of Customs, in the first 6 months of the year, Vietnam exported a total of 141,392 tons of pepper of all kinds with a value of 629.9 million USD, down 7.4% in volume but increasing by more than 30% in value compared to the same period in 2023.

Of which, India is Vietnam's fourth largest pepper consumption market with a volume of 6,813 tons, worth 28 million USD, a sharp increase of 46.5% in volume and up to 90.6% in value.

According to data from the Indian Ministry of Commerce, by the end of May, the country's total pepper imports reached 12,482 tons, an increase of nearly 11% over the same period last year.

Notably, Vietnam was the largest pepper supplier to India in the first 5 months of the year with a volume of 5,220 tons, an increase of 42.5% over the same period last year. This result helps Vietnam's pepper market share in India expand from 32.5% to 41.8%.

Next is Sri Lanka reaching 2,790 tons, down 1.7% and accounting for 22.4% market share; Brazil reached 2,554 tons, an increase of 50.7% and accounting for 20.5%; Indonesia reached 1,274 tons, an increase of 5.9% and accounting for 10.2%.

The four countries mentioned above accounted for a total of nearly 95% of India's pepper supply in the first 5 months of the year.

Vietnam's average export price of pepper to India in 5 months increased by 29.7% to 4,371 USD/ton, higher than the price of 3,414 USD/ton in Brazil and 3,141 USD/ton in Indonesia, but lower than the price of 3,414 USD/ton in Brazil and 3,141 USD/ton in Indonesia. with Sri Lanka's figure of 6,190 USD/ton.

According to VietnamBiz.vn