Pepper price in Vietnam today 07/8: Major pepper producing countries increase output, putting pressure on prices

Published Aug 7, 2021

Tridge summary

The domestic pepper market in Vietnam is recovering from the COVID-19 pandemic's impact, with concerns about export due to port congestion and high shipping rates. The price of Vietnamese coffee exports has risen by 100 USD/ton to 200 USD/ton. Major pepper producers like Brazil and Cambodia have increased production, impacting prices. Domestic demand is expected to rise in August as export units purchase to offset pepper shortages. The price of pepper on the Kochi - India pepper exchange has increased, with spot prices at 41,375 rupees per quintal. The exchange rate of the Vietnam Dong to Indian Rupees for export and import tax calculation is 312.13 VND/INR.

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 After being calmed by the impact of the Covid-19 pandemic, the domestic pepper market has gradually adapted in the first period of August 2021. However, the current export of pepper is still worrying about the congestion at southern seaports and the shipping rates that are not guaranteed to decrease in the near future. According to ipcnet, the price of Vietnamese coffee exports in recent days has continued to increase by 100 USD/ton, from the beginning of August 2021 up to now, it has increased to 200 USD/ton. Major pepper producing countries such as Brazil and Cambodia both increased production, putting pressure on the price of this item. According to experts, domestic demand will increase in August 2021 as export units increase purchases to make up for the shortage of pepper in stock. With the current scarcity momentum, it is possible that pepper prices will soon reach the milestone of VND 80,000/kg ...

Source: Vinanet