Vietnam: Pepper prices today July 18, markets in provinces have been less volatile in the past week

Published 2021년 7월 18일

Tridge summary

The article provides an update on both domestic and international pepper market trends as of July 18, 2021. At a domestic level, pepper prices in Vietnam are mostly stable, with a slight decrease in some provinces like Dak Lak, Gia Lai, Dak Nong, and Dong Nai by 500 VND/kg. The export prices of pepper from India have experienced a significant increase of 47% in the first quarter of 2021 compared to the same period in 2020, reaching 24.7 million USD. The US remains a key market for Indian pepper, accounting for 57% of exports. Additionally, the global spice market is projected to grow at a CAGR of 6.5%, reaching USD 9.7 billion by 2027, driven by the rising demand for naturally flavored food products and increased weekend food spending by millennials.

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

Original content

Update domestic pepper prices See more: Price of pepper today 7/19 Pepper prices this week in general tend to be stable, not much changed compared to the end of last week. But compared to the beginning of the week, a few localities decreased by 500 VND/kg, including Dak Lak, Gia Lai, Dak Nong and Dong Nai. In which, Gia Lai and Dong Nai provinces recorded VND 72,000/kg and VND 72,500/kg, respectively. The purchase price in the other two provinces is currently 73,500 VND/kg. Particularly, Binh Phuoc and Ba Ria - Vung Tau provinces did not record new adjustments compared to the beginning of the week, continuing to trade at 74,500 VND/kg and 75,500 VND/kg respectively. Update world pepper prices In the first quarter of 2021, India's pepper exports reached 6,020 tons, worth 24.7 million USD, up 47% from 16.4 million USD in the first quarter of 2020. Crushed product sales accounted for 54% of total export volume. In which, the US is India's main import market, accounting for 57% of the ...

Source: Vietnambiz