China's low consumption causes pepper prices to continuously decrease

Published 2024년 8월 13일

Tridge summary

Pepper prices in Vietnam's key growing areas have decreased by 1,000 - 4,000 VND/kg due to an increase in supply, with the average price now fluctuating between 136,000 - 140,000 VND/kg. This decrease is attributed to a surge in planting by gardeners and a reduction in demand from China. Despite this, experts believe that pepper prices will not decrease further due to the low global supply, especially in Vietnam which accounts for 40-50% of the world's supply. The decrease in prices is not solely due to reduced demand from China, but also an increase in short-term supply from people selling at high prices in May and June.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Source:tuoitre.vn Many gardeners have started planting new pepper, but the supply of this item is still low - Photo: N.TRI According to a survey and information from many gardeners and businesses, on August 7, pepper prices in some key growing areas in the country such as the Central Highlands, Southeast... continued to be under pressure to decrease by 1,000 - 4,000 VND/kg compared to a few days ago. Thereby, the average pepper price in the domestic market decreased, currently fluctuating around 136,000 - 140,000 VND/kg. Specifically in the Central Highlands region, pepper prices today in Dak Lak decreased by 2,000 VND/kg, down to a common 139,000 VND/kg. Pepper prices in Gia Lai and Dak Nong decreased by VND 1,000 - 2,000/kg, down to a common VND 138,000 - 140,000/kg. In the Southeast region, pepper prices today in Ba Ria - Vung Tau, Dong Nai, Binh Phuoc decreased by VND 3,000 - 4,000/kg, down to VND 136,000 - 138,0000/kg depending on the region and type of product. Thus, since ...

Source: AgroInfo.vn