Monday, July 01, 2024

Pepper price information

 

Pepper price information

Pepper prices today, March 31, pepper prices in the Central Highlands and the South suddenly plummeted by 1,000 - 1,500 VND in the first trading session of the week, bringing the price of this agricultural product to a record low.

In recent times, price information on the website of the International Pepper Association (IPC) about Vietnamese pepper prices has differed greatly from the information provided by VSPA, and at times there were errors. To avoid psychological fluctuations that lead to making decisions that cause economic damage, we recommend that farmers, agents, export companies, and foreign customers refer to other sources to ensure more objectivity and reliability when deciding to buy/sell. VPSA will try to update information about countries and export prices of Vietnamese Pepper in the most accurate and timely manner.

According to forecasts, in 6 months, Vietnam's export is estimated at about 28 thousand tons, equivalent to about 135 USD. Thus, there are still 7-8 months left until the new harvest (expected after the Lunar New Year from February 2025) while the amount of goods left by people, agents and businesses is not as much as VPSA reports. previously stated.

VPSA

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