Pepper price today June 3, 2022 | Latest pepper price market

Pepper prices today, June 3, 2022, in the domestic market continued to increase slightly by 500 VND/kg. Currently, domestic pepper prices are trading at 71,500 – 75,000 VND/kg. The domestic pepper market from the end of May 2022 to the beginning of June 2022 continued to show a positive trend when there were consecutive days of steady increases in all regions. In May 2022, domestic pepper prices were depressed due to lack of competition from Chinese customers. But now, the Chinese market has increased its purchases again, helping coffee prices to improve. In general, if there is no sudden demand from China, opinions predict that the export situation in the coming time will still be difficult. According to actual records, the volume of pepper transactions is still not much. The parties are still “probing” each other. The buyers are not in a hurry and the sellers are not impatient. Meanwhile, the traders and speculators only give prices to check, not buy. This year, farmers’ hoarding mentality is still strong up to this point. This is also one of the factors that has kept pepper prices from falling sharply since Tet holiday until now. According to many people’s predictions, domestic pepper prices will level off this weekend because export units have enough goods for next month’s demand. Regarding pepper export units, they are also very cautious at present. Since the beginning of the year, the high prices of raw materials and fuels, especially gasoline and oil, have pushed logistics costs to continue to be a burden for businesses. In addition, the application of seaport fees in Ho Chi Minh City from April 1, 2022 has further compounded the difficulties of businesses. #pepper #hotpepper #news #nongnghiep #nhanong #mientay #taynguyen

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