Pepper price today May 22 in Vietnam: Can't pass the threshold of 68,000 VND/kg

Published 2021년 5월 22일

Tridge summary

The domestic pepper price in Vietnam has seen a significant decrease of around 6,500 - 7,000 VND/kg due to an abundant supply and the impact of the Covid-19 epidemic on demand. This, coupled with the financial risks and large investments involved in pepper cultivation, has resulted in a potential 25 - 30% decrease in pepper output in 2021 compared to the previous year. Meanwhile, Indonesia is set to start a new pepper crop at the end of June 2021. In the first 3 months of 2021, pepper imports in the US increased by 5% in volume and 16.4% in value, with Vietnam being the largest supplier.

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 During the past week, since May 14, the domestic pepper price has not exceeded 68,000 VND/kg. However, according to observers, the price has decreased by about 6,500 - 7,000 VND/kg compared to the time more than 1 month ago. At the end of the harvest season, the abundant supply along with the Covid-19 epidemic affected the demand for pepper imports from other countries, causing pepper prices to drop. Growing pepper with high risk, big investment while the price is volatile, makes farmers not interested in pepper. Pepper output in 2021 may decrease by 25 - 30% compared to last year. In the recent reduction, farmers have taken advantage of selling goods in the warehouse. In April 2021, the pepper export situation was still quite gloomy due to the impact of the global Covid-19 pandemic. Vietnam's pepper exports in 2020/21 (Source: General Department of Vietnam Customs) In the world market, on ...

Source: Vinanet