Pepper Market on November 4, 2024

 

Pepper Market on November 4, 2024: Stable at the beginning of the week, pepper exports of Dak Lak province skyrocketed

Posted onNovember 4, 2024by VPA

04
Nov

Pepper prices today  (November 4) are stable at around 140,000 - 141,000 VND/kg. By the end of the third quarter, pepper exports from Dak Lak province reached more than 31,000 tons with an average price of 6,239 USD/ton, up 83.3% and 67.5% respectively over the same period.

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In the domestic market

See more:  Pepper price today November 3

Pepper prices  today have no new fluctuations, fluctuating at 140,000 - 141,000 VND in localities.

Accordingly,  pepper prices   in Dak Lak, Dak Nong, Ba Ria - Vung Tau and Dong Nai provinces are being purchased at 141,000 VND/kg.

In Gia Lai and Binh Phuoc provinces, the transaction price is lower at 140,000 VND/kg.

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According to  Dak Lak Newspaper , along with the country's export growth, the export situation of goods in the province continues to achieve many positive results. The total export turnover of the whole province in the first 9 months of 2024 reached more than 1.4 billion USD (an increase of 29% over the same period last year).

Besides coffee, pepper is a commodity with high growth rate in both volume and export price of the province. By the end of the third quarter of 2024, pepper export of Dak Lak province reached more than 31,000 tons with an average price of 6,239 USD/ton, up 83.3% and 67.5% respectively over the same period last year.

As a leading enterprise in exporting pepper and coffee, the export turnover of Dak Lak 2-9 Import-  Export  Company Limited  has also increased sharply in recent times. Particularly for pepper, the unit exported 12,238 tons of pepper, earning over 59.7 million USD (up 278% over the same period).

Currently, the prices of agricultural products are still high, which is a positive signal for the province's export turnover in the last months of the year. At this time, the business community is making every effort to complete the goals and plans set for the whole year 2024.

However, many export enterprises in the province also shared that although export turnover has increased sharply in recent times, they also face many difficulties in the production and business process.

For example, the high price of agricultural products, especially coffee and pepper, has caused difficulties for export enterprises in purchasing raw materials. Many orders have suffered heavy losses when they have to buy at high prices to have goods to deliver to partners.

According to VietnamBiz.