Vietnamese pepper price today October 30: Domestic purchase price hits 90,000 VND/kg

Published 2021년 10월 30일

Tridge summary

The article reports on the increase in pepper prices in Ba Ria - Vung Tau province, Vietnam, reaching 90,000 VND/kg, the highest among other provinces due to increased supply from Brazil and Indonesia's new harvests. However, Vietnam's pepper exports have been declining, with a decrease in exports from the top three supplying countries this year compared to the previous year. Conversely, the US import of natural rubber has seen an increase of 12.5% in volume and 37% in value in the first eight months of 2021, with Vietnam being the fourth largest supplier, seeing a significant increase in market share. The article also notes the rise in rubber prices at the Tokyo Commodity Exchange and the Shanghai Commodity Futures Exchange.

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Original content

Update pepper price See more: Price for pepper today October 31 According to the survey, pepper price today increased by 500 VND/kg in Ba Ria - Vung Tau province, bringing the transaction level here to 90,000 VND/kg. This is also the highest price at the moment. The remaining localities still maintain the purchase price unchanged compared to yesterday. In which, Gia Lai and Dong Nai recorded the lowest price of 86,500 VND/kg. Similarly, the two provinces of Dak Lak and Dak Nong continued to buy together at 87,500 VND/kg and Binh Phuoc province was stable at 88,500 VND/kg today. In August and September, pepper exports of Brazil and Indonesia tended to increase again. The reason is due to the additional supply from the new harvest, while Vietnam's pepper exports continue to decline. However, since the beginning of this year until now, the exports of the three largest pepper supplying countries in the world, Vietnam, Brazil and Indonesia, have all decreased, down 3.2%, 8.7% and 9, ...

Source: Vietnambiz