Within 1 week, pepper raw material increased rapidly by 11% at VND 39,000 on 4/5/2020 jumped to VND 43,500 at the end of last week.
On the Saturday, the price increased by 4% due to huge demand from Chinese trader as well as many exporters cover short position for orders delivered in May. However, on Sunday market sudden correction with softened around 2%.
Market opened today stable, farmers and domestic agents to offer small quantity cautiously and prefer to keep watching. On the contrary to many other pepper exporting countries, Vietnam currency was stronger than USD dollar in the past week when VND index up by 1%.
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https://offers-peppertrade.blogspot.com/2020/05/blog-post_11.html
https://offers-peppertrade.blogspot.com/2020/05/blog-post_11.html
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