Pepper market in Vietnam today. April 20: The price inched up after a long quiet day

Published 2023년 4월 20일

Tridge summary

The article provides an overview of Vietnam's domestic pepper prices, which vary across different regions. It anticipates a boost in pepper exports in Q2 2023 due to increased demand from countries like China, Papua New Guinea, ASEAN, and Turkey, despite low global prices resulting from reduced consumption demand. The Vietnam pepper industry is advised to meet international standards and promote deep processing to enhance competitiveness. Additionally, the article reports on the current global pepper prices as reported by the International Pepper Association and the exchange rate used for conversion to Vietnamese Dong, providing a detailed insight into the global and local pepper market dynamics.

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

Original content

Domestic price pepper(Unit: VND/kg) Giatieu.com In the domestic market, Chu Se (Gia Lai) closed at the lowest level at 63,500 VND/kg; Dak Lak - Dak Nong at 64,500 VND/kg; Binh Phuoc closed at 65,500 VND/kg; Chau Duc (Ba Ria) is the highest at 66,500 VND/kg. Vietnam's pepper exports are forecasted to be more active in the second quarter of 2023 thanks to high demand from China, Papua New Guinea, ASEAN, Turkey..., offsetting. for the still quiet import demand of the US and EU markets. It is forecasted that in 2023, Vietnam's pepper exports will continue to face difficulties in the context that world prices are under pressure due to low consumption demand. Therefore, Vietnam's pepper industry needs to increase its ability to conform to international standards, especially in aspects such as chemical residues, sustainable production criteria in terms of economy, society and environment. . In addition, it is necessary to promote deep processing and create new products to increase ...

Source: Vinanet