Pepper price today September 5, 2022 | Latest pepper price market

Pepper prices today, September 5, 2022, in the domestic market have no new fluctuations. Currently, the domestic pepper market is trading at 66,500 – 69,500 VND/kg. Last week, the domestic pepper market was flat in many places, only Ba Ria – Vung Tau decreased slightly by 500 VND/kg. Currently, domestic pepper prices are still below 70,000 VND/kg, and trading is quite quiet. According to the Vietnam Pepper Association (VPA), Vietnam’s pepper supply in 2022 is estimated at 280,000 – 290,000 tons (including 175,000 tons of output; 40,000 tons of imports and 80,000 tons of inventory from 2021). According to experts, our country’s pepper exports are currently facing many difficulties and significant challenges. Pepper consumption demand has fallen sharply amid high inflation, especially in major pepper consuming countries such as the United States, the EU and China. China’s continued lockdown of some areas after new outbreaks of Covid-19 have made the market even more gloomy. In addition, Vietnamese pepper is also suffering from negative impacts as its market share is being lost. Countries are shifting to countries with competitive prices and cheaper freight rates, such as Brazil and Indonesia. VPA said that in August 2022, Vietnam is expected to export 16,500 tons of pepper, with a turnover of 66 million USD. In the first 8 months, Vietnam’s pepper export volume was 162,000 tons, with a turnover of 739 million USD, compared to the same period last year, the export volume decreased by 19% but the turnover increased by 11.1%. #pepper #pepper #news #agriculture #nhanong #mientay #taynguyen #pepper #pepper price today #pepper price #pepper today #udaklak pepper price #ubinhphuoc pepper price #dongnai pepper price #freshest pepper price today #freshest pepper price #vungtau pepper price #gialai pepper price #udaknong pepper price

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