Pepper price today August 18, 2022 | Latest pepper price market

Pepper prices today, August 18, 2022, in the domestic market, have not changed. Pepper is currently trading around 69,000 – 72,000 VND/kg. In the world market, pepper prices are stable today. World pepper prices have tended to increase again since the beginning of August 2022. However, the price increase rate of pepper is considered unsustainable. The geopolitical conflict between Russia and Ukraine is causing an energy and food crisis, affecting the global pepper market. Meanwhile, concerns about a new wave of Covid-19 globally as well as strict disease control policies in China continue to contribute to the uncertainty of the pepper market. And are expected to remain unchanged in the short term. In the Asian pepper market, China’s pepper imports in the first 6 months of 2022 decreased sharply, down 23.4% compared to the same period in 2021, reaching 22.15 million USD. Meanwhile, new crop supplies from Brazil and Indonesia continue to be added to the market. The domestic pepper market has not seen any new price changes. However, experts predict that domestic pepper prices will recover in the near future. Currently, our country’s black and white pepper products are being consumed well in the Chinese market, while pepper exports to the European and US markets are slowing down. #pepper #hotpepper #news #agriculture #nhanong #mientay #taynguyen #pepper #pepper price today #pepper price #pepper today #pepper price udaklak #pepper price ubinhphuoc #pepper price dongnai #the latest pepper price

source