Pepper prices today, August 27: Moving sideways, the highest is VND 50,000/kg

Published Aug 27, 2020

Tridge summary

The article reports the stable pepper prices in Vietnam's agricultural market as of August 27, 2020, with prices ranging from 47,000 to 50,000 VND / kg across different provinces. The Ministry of Agriculture and Rural Development anticipates a decrease in pepper prices due to increased cultivation areas in major producing countries, but expects a recovery by the end of 2020. The Pepper Association reports a decrease in pepper production in Vietnam due to lack of investment and care, with an estimated 15% drop in 2020 and a more significant drop in 2021.

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

Original content

As recorded in the domestic agricultural market, the price of pepper today on August 27, 2020 continued to go sideways compared to yesterday's session. Specifically, in Dak Lak, Dak Nong and Binh Phuoc provinces today pepper prices are purchased at 48,500 VND / kg. In Gia Lai province, today pepper prices are at the lowest level in the whole region at VND 47,000 / 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 Dong Nai province, today pepper prices were purchased at VND 47,500 / kg. Thus, the price of pepper in the whole region today ranges from 47,000 to 50,000 VND / kg. Recently, the Ministry of Agriculture and Rural Development forecasted that pepper prices will decrease in the coming time due to the growing area of pepper from 2016 - 2017 in major producing countries until now for high output. However, from the end of 2020, pepper prices may begin to recover when supply - demand ...

Source: tieudung