Pepper price today June 19, 2022

Pepper prices today, June 19, 2022, in the domestic market turned sharply down. to 71,000 – 74,500 VND/kg. In summary, this week, domestic pepper prices remained stable. Vietnam’s pepper export turnover to China increased by 25% in April, reaching 1.42 million USD. If including the first 4 months of 2022, Vietnam is the second largest pepper supplier to China, with the total pepper import turnover from Vietnam reaching 4.15 million USD, up 25% over the same period last year. In the world market, Pepper prices today remained stable. This week, world pepper prices fluctuated in opposite directions. While the Vietnamese pepper market increased, Indian pepper prices recorded a decrease. Meanwhile, due to the weakening of the Indonesian Rupiah against the US Dollar, which depreciated by 2%, Indonesian pepper prices also tended to decrease. The latest summary of the Ministry of Industry and Trade cited data from the Chinese Customs agency showing that China’s pepper imports increased sharply again in April 2022, with an increase of 110.1% compared to March 2022 and an increase of 51.5% compared to April 2021. In the first 4 months of 2022, pepper imports into China decreased by 28.5% compared to the same period in 2021, reaching 14.3 million USD. In April 2022, China increased pepper imports from Indonesia and Vietnam, but reduced imports from Brazil and Malaysia. In the first 4 months of 2022, China reduced pepper imports from many major sources, except for Vietnam and Brazil. Recently, information in the Khmer Times, Chairman of the Cambodian Pepper and Spice Federation (CPSF) Mak Ny said that the harvest in some areas has not been completed due to heavy rains and labor shortages. During the peak harvest season in the country, pepper prices have dropped to an average of 13,000 riel ($3.20) per kilogram, down from 16,000 riel in January. Cambodia’s output this year is expected to increase slightly. Vietnam is Cambodia’s main customer. However, Vietnam has lowered the price it buys from Cambodia. Currently, the Cambodian Pepper and Spice Federation is linking farmers together and looking for exporters to buy pepper directly from pepper growers without having to rely on Vietnamese traders. The Ministry of Industry and Trade also forecasts that the global pepper market will recover as some Chinese cities have begun to lift lockdowns. #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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