Vietnam peppercorn market January 20: The price was stable at 50,000 - 53,000 VND / kg

Published 2021년 1월 20일

Tridge summary

The article provides an overview of the current trends in pepper prices, both domestically in Vietnam and internationally. It notes a recent decrease in domestic pepper prices, which is expected to persist until the end of the season. Concurrently, global pepper prices have seen a slight increase. Despite the overall decline in pepper imports by several countries, including Ireland and Thailand, the demand for pepper has surged in countries like Egypt, the Philippines, South Korea, and France. Furthermore, the article highlights the variations in pepper production across countries, such as India's projected increase despite weather challenges, and the top markets for white pepper imports.

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 Domestic pepper prices are currently on a downward trend since the beginning of 2021, losing an average of 2,000-3,000 VND / kg. This price is maintained until the end of the season, because the growers sell to cover the costs invested. It is expected that by the second quarter of 2021, when the export is favorable, the demand for goods increases, the speculators will sell them to make a profit. Sources from giatieu.com (pepper prices are updated every 15 minutes) showed that, on the world market, today (January 20, 2021), at Kochi - India, the spot price closed at 34,500 rupees. / quintal; January 21 futures prices rose 35 rupees, or 0.1 percent, to close at 34,985 rupees / quintal. Pepper prices (Kochi - India) giatieu.com Cross-rate of VND to Indian rupees (INR) from 14/01/2021 to 20/01/2021 was applied by the State Bank. The import and export tax calculation application is 316.17 VND / INR, the source of the ...

Source: Vinanet