Vietnam: Pepper price today (May 28, 2021) continued to increase to the highest level at 71,500 VND/kg

Published 2021년 5월 28일

Tridge summary

The article provides an overview of the current market trends and developments in pepper pricing, with a focus on the Kochi floor prices in India and the exchange rates used for export-import calculations. It highlights the challenges faced by Vietnam in exporting pepper to the EU due to the Covid-19 pandemic, but reports optimistic signs with businesses receiving orders. Additionally, the article discusses Coopbac's strategy to become a leading supplier in the spice industry by targeting demand in Arab countries, as these countries typically import pepper from Brazil. In 2020, Coopbac exported around 3,000 tons of pepper, and despite the pandemic, Biospicefoods, a Brazilian brand, has managed to secure deals and expand into new markets this year.
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 Currently, the EU, China, the United States, the United Kingdom, Japan, Russia, Thailand, South Korea, Mexico, and South Africa are the 10 largest pepper import markets in the world. In 2021, the Covid-19 pandemic will be extremely complicated, making Vietnam's pepper exports to the EU will face many difficulties. However, the pepper export situation is showing more optimistic signs in the past week when many businesses have received orders. In the world market, the Kochi - India pepper floor closed at 6:30 pm on May 27, 2021, showing signs of increasing again. Sources from giatieu.com update session this morning show, spot price plus 950 rupees to 40,950 rupees / quintal; Futures price in May/21 closed at 39,250 rupees/quintal. Price of pepper (Kochi floor - India) giatieu.com The cross-rate of Vietnam Dong to Indian Rupees (INR) from May 27, 2021 to June 2, 2021 applied by the State ...
Source: Vinanet

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