Pepper price today July 28, 2022 | Latest pepper price market

Pepper prices today, July 28, 2022, in the domestic market have no new fluctuations. Currently, domestic pepper prices are being purchased at 70,000 – 73,500 VND/kg. In the world market, Pepper prices today fluctuated little. Recently, the Vietnam Pepper Association (VPA) published a June newsletter, assessing the world pepper production situation. Accordingly, VPA viewed the global market as having a negative trend, as no producing country recorded an increase in June 2022. After 2 months of stability, Indian pepper prices decreased in June 2022, partly due to the Indian Rupee falling 1% against the USD. In addition, due to unusual rains due to extreme weather in Kerala in mid-June. In Sri Lanka, pepper prices decreased this month in the context of the country’s shortage of essential goods such as food and fuel due to the severe economic crisis. In Southeast Asia, Indonesian pepper prices continued to decrease from April 2022 due to the Indonesian Rupial’s 1% decrease against the USD. Some regions are in the peak harvest period. Meanwhile, domestic and international Malaysian pepper prices continued to be stable. In the Vietnamese market, domestic and international pepper prices also showed a downward trend last month. Meanwhile, the US, European and Chinese markets traded less with reduced supply from producing countries. Overall, in June 2022, the black pepper and white pepper price indexes decreased by 6.1% and 4.6%, respectively. The black pepper price index was at 54.86 points, and the white pepper price index was at 55.37 points. Similarly, the aggregate price of black pepper decreased by 264 USD/ton and stood at 4,081 USD/ton, the aggregate price of white pepper decreased by 274 USD/ton, at 5,729 USD/ton. After a period of price reduction, the domestic pepper market has regained momentum thanks to the continued decline of the USD and the increased purchase of pepper by the Chinese market. Compared to the beginning of July 2022, domestic pepper prices have increased by 1,000 – 1,500 VND/kg; while the export prices of black and white pepper of our country increased by 100 USD/ton, equivalent to 3,750 USD/ton of 550g/l black pepper and 5,800 USD/ton of white pepper. #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

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