Pepper price in Vietnam today, 25/5: Increase 500 dong in raw material areas after many quiet sessions

Published 2021년 5월 25일

Tridge summary

The domestic pepper market in Vietnam has seen a slow period due to an oversupply, with prices remaining stable despite a decrease in exports to China by 18% in the first four months of 2021. However, the market is expected to become more active at the end of the month. Meanwhile, the world market has seen a significant increase in the price of pepper on the Kochi - India pepper floor, rebounding after a quiet period. Greece has emerged as a potential new market for Vietnamese pepper, with imports increasing by 99% in the first two months of 2021, making it the leading importer of pepper to Greece during this period.

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

Original content

Price movements of pepper in some raw material areas tintaynguyen.com Up to now, the price has increased sharply by 1,000-15,000 VND, close to the mark of 70,000 VND/kg. Dong Nai settled at 65,500 VND/kg, Ba Ria - Vung Tau at 69,500 VND/kg. The domestic pepper market from the beginning of May 2021 to now has been quite gloomy. Domestic enterprises do not promote purchasing because there are enough goods. People limit selling to avoid causing prices to drop further. The market has started to get busier at the end of the month. According to data of the Vietnam Pepper Association, Vietnam's pepper exports to China in the first four months of 2021 decreased by 18% compared to the same period in 2020 to about 19,000 tons. However, from the beginning of the year until now, pepper exports to this market are still growing. According to the Import-Export Department, in the long term, China is a large potential pepper export market that Vietnamese businesses need to exploit. In ...

Source: Vinanet