Pepper prices in Vietnam and the world increased, farmers have massively planted more

Published May 26, 2021

Tridge summary

Pepper prices in Vietnam have been increasing for the past three days, with rates varying across different regions. The global market also sees a rise in pepper prices, with the Vietnam Pepper Association reporting a 133,335 rupees/quintal increase at the Kochi - India floor. Vietnam's pepper exports in April 2021 reached 32.2 thousand tons, valued at US$ 105.22 million, marking a significant increase in value compared to the previous month and year. However, the expansion of pepper cultivation is advised with caution due to potential risks and the unpredictable global pepper market.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

As noted by PV Dan Viet, today's pepper price continues to increase in many localities, with an increase of 500 - 1,000 VND/kg. In particular, the price of pepper in Ba Ria - Vung Tau - the "capital" of pepper growing in the Southeast has jumped to 71,000 VND/kg. Pepper prices today in Dak Lak, Dak Nong are the same at 69,000 VND/kg. Pepper price in Gia Lai reached 68,500 VND/kg. Today's pepper price in Binh Phuoc increased to 70,000 VND/kg. While pepper price in Dong Nai is the lowest, at 67,000 VND/kg. Thus, the price of pepper in the domestic market has increased for the third day in a row, so people are very excited. According to the Vietnam Pepper Association (VPA), on the world market, at the end of the latest trading session, the spot price of pepper at the Kochi - India floor suddenly increased by 133,335 rupees / quintal, to 40,200 rupees / quintal. The Indian pepper market, after several consecutive days of moving sideways, has started to have positive changes. The ...
Source: Danviet

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