Pepper market on August 26, 2024: Price unchanged compared to last weekend
Aug
Pepper price today August 26 is in the range of 143,000 - 144,000 VND/kg. Regarding pepper prices this week, experts expect the upward momentum to continue. With a few days left until the National Day holiday, the cumulative buying force is expected to help pepper prices recover to the level at the beginning of August 2024.
Pepper prices at the beginning of this morning remained stable compared to the same time yesterday. Summarizing last week, domestic pepper prices increased by an average of 4,000 - 5,000 VND/kg.
On the world level, the International Pepper Community (IPC) said that the market continued to show mixed reactions last week, when only India and China recorded a decrease.
As of the first half of August 2024, Vietnam's pepper exports reached about 175,000 tons, officially surpassing the 170,000 output mark of this year's harvest.
Meanwhile, the Vietnam Pepper and Spice Association said that the purchasing power of the Chinese market shows no signs of improvement until the end of the year. However, world demand for pepper is increasing and the EU region is still a large consumer market for Vietnamese pepper. In addition, the pepper processing capacity of Vietnamese enterprises is very large, can reach 140,000 tons/year, which is an opportunity to help Vietnam's pepper industry develop in the near future.
Regarding pepper prices this week, experts expect the upward momentum to continue. With a few days left until the National Day holiday, the cumulative buying force is expected to help pepper prices recover to the level at the beginning of August 2024.
According to KTĐT.vn
Posts
No comments:
Post a Comment