Pepper price today in Vietnam, January 14: Stalled on a large scale, the lowest is 76,000 VND/kg
Published 2022년 1월 14일
Tridge summary
Pepper and rubber price updates as of January 14, 2022:
- Pepper prices in Vietnam remain stable with varying rates across provinces, as of January 15, 2022.
- The global spice market is projected to grow at a CAGR of 6.5% from 2020 to 2027, fueled by the demand for authentic flavored foods and increased dining out by millennials.
- Meanwhile, rubber prices in Japan and Shanghai experienced slight adjustments, influenced by factors such as exchange rates, inventory levels, and concerns over COVID-19.
- Thai rubber prices also saw a slight increase but still remained lower compared to the same period in 2021.
Overall, both the pepper and rubber markets are experiencing stable prices in early 2022, underlined by global market trends and local market dynamics.
- Pepper prices in Vietnam remain stable with varying rates across provinces, as of January 15, 2022.
- The global spice market is projected to grow at a CAGR of 6.5% from 2020 to 2027, fueled by the demand for authentic flavored foods and increased dining out by millennials.
- Meanwhile, rubber prices in Japan and Shanghai experienced slight adjustments, influenced by factors such as exchange rates, inventory levels, and concerns over COVID-19.
- Thai rubber prices also saw a slight increase but still remained lower compared to the same period in 2021.
Overall, both the pepper and rubber markets are experiencing stable prices in early 2022, underlined by global market trends and local market dynamics.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Update pepper price See more: Price today 15/1 According to the survey, pepper price today all stood still, no new changes were recorded compared to yesterday. Currently, the two provinces of Dong Nai and Gia Lai recorded prices of 76,000 VND/kg and 76,500 VND/kg, respectively. Following are the three provinces of Dak Lak, Dak Nong and Binh Phuoc with the same transaction rate of VND 77,500/kg. Similarly, pepper in Ba Ria - Vung Tau province is being purchased stably at VND 78,500/kg. The global spice market size is expected to reach $9.70 billion by 2027, expanding at a compound annual growth rate (CAGR) of 6.5% from 2020 to 2027, according to Business Wire. . Growing demand for authentic flavored foods on a global level is expected to remain a favorable factor for industry growth. Furthermore, increasing millennials' spending on dining out during the weekends is expected to widen the reach of the food service industry, thereby boosting demand for spices in the next few years. ...
Source: Vietnambiz
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