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

Pepper prices today, June 18, 2022, in the domestic market continued to move sideways. Currently, domestic pepper prices are trading at 72,000 – 75,500 VND/kg. In early June 2022, black and white pepper prices in the domestic pepper market increased again due to increased import demand from China. In the first 5 months of 2022, Vietnam’s pepper exports decreased in volume, but increased in value compared to the same period in 2021. Vietnam’s pepper market share in China’s total import turnover increased from 16.62% in the first 4 months of 2021 to 29.03% in the first 4 months of 2022. Currently, Vietnam’s pepper prices depend on the Chinese market when European and US importers have signed contracts until the end of this year. Enterprises have stocked enough goods for production and export, so purchasing power is slow and weaker than market developments. In the world market, Pepper prices today, June 18, fluctuated little. According to information from the World Pepper Community, world pepper prices reacted in opposite directions this week. Specifically, while Vietnam’s domestic pepper market increased, Indian pepper prices recorded a decrease this week. Meanwhile, due to the weakening of the Indonesian Rupiah against the US Dollar by 2%, Indonesian pepper prices also tended to decrease. Experts predict that the global pepper market will recover when some Chinese cities have begun to lift the blockade. However, world pepper prices are still under pressure due to geopolitical tensions in Eastern Europe, causing high energy prices and inflation, and people tend to save on spending, causing consumption demand to remain low. #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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