Pepper price today in Vietnam, 12/10: Continuously setting new peaks and agents are buying pepper at unprecedented high prices

Published 2021년 10월 12일

Tridge summary

Pepper prices in Vietnam are experiencing a significant increase, reaching nearly 90,000 VND/kg due to a scarcity of supply and increased purchases by businesses and traders for year-end orders. This price surge is affecting both the domestic market and the export market, with the average export price of black pepper in the first half of 2021 reaching 3,090 USD/ton, up 55.7% from the same period in 2020. The price hike is also attributed to the impact of climate change on pepper production in Vietnam and other major producing countries like Brazil and Indonesia, which is expected to continue driving prices up in the latter half of the year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

As noted by PV Dan Viet, pepper price today 12/10 continues to increase simultaneously in many localities and is about to reach the milestone of 90,000 VND/kg. Specifically, the price of pepper on October 11 in Gia Lai increased by 1,000 VND/kg to 84,500 VND/kg. Pepper prices in Dak Lak and Dak Nong reached 85,000 VND/kg, an increase of 1,000 VND/kg compared to the previous day. Pepper price today in Chau Duc area (Ba Ria - Vung Tau province) increased by 1,500 VND/kg, reaching 88,500 VND/kg. Pepper price in Binh Phuoc today is at 86,600 VND/kg, also increased by 1,000 VND/kg compared to October 10. Compared to the same period last year, the domestic price of pepper has almost doubled, so people are very excited to sell it. Notably, the purchase price of pepper at some agents has also been continuously pushed up. For example, at Hoang Han Co., Ltd., Phu Hau commune, Krong Nang district (Dak Lak), the purchase price of pepper is listed at 89,200 VND/kg. This is a towering pepper ...
Source: Danviet

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