Pepper prices today 10/9: The highest level reached 50,000 VND / kg

Published 2020년 9월 10일

Tridge summary

Pepper prices in Vietnam are stable, ranging from 47,000 to 50,000 VND / kg across different provinces. However, the International Pepper Association (IPC) reports a decrease in export volume in pepper-producing countries, except for Brazil, due to reduced demand in major markets from the Covid-19 pandemic. This has affected the pepper industry, with Vietnam likely not reaching its export target for 2020. The IPC anticipates that global pepper demand will remain low, leading to a quiet export market and potential price pressure due to increased global inventories.

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

Original content

As recorded on the domestic agricultural market, pepper prices today on September 10, 2020 continued to go sideways compared to yesterday's session. Specifically, in Dak Lak and Dak Nong provinces, today pepper prices were purchased at 48,500 VND / kg. In Gia Lai province, today pepper prices were purchased at VND 47,500 / kg. In Ba Ria - Vung Tau province today, pepper price is 50,000 VND / kg, this is the locality with the highest price in the whole region. In Binh Phuoc province, today pepper prices are at 49,000 VND / kg. In Dong Nai province, today pepper prices were purchased with the lowest price of 47,000 VND / kg in the whole region. Thus, the price of pepper in the whole region today ranges from 47,000 to 50,000 VND / kg. Commenting on the pepper market in recent months, the International Pepper Association (IPC) said that the export volume in the first half of 2020 of the producing countries decreased, except for Brazil. The decline in demand in most major markets has ...

Source: tieudung