Pepper prices, August 1: Pretty stable compared to last weekend in the domestic market

In the world market

In the world market, pepper prices today, August 1, at Kochi exchange, India, decrease by INR 25 per quintal, at INR 41,650 per quintal.

The cross rate of Vietnam Dong to Indian Rupee (INR) from July 29 to August 4, 2021, applied by the State Bank for export and import tax calculation, is VND 311.89/INR.

According to the General Statistics Office, in the first seven months of 2021, pepper is still one of the items with an increase in export turnover. Specifically, the total pepper turnover reached US$ 599 million, up 49.8%.

Pepper prices have erratically increased or decreased in a narrow range in the past few days.

In summary, pepper prices today, August 1, move sideways compared to yesterday morning.

In the domestic market

Pepper prices today, August 1, remain stable compared to yesterday morning. Compared to last weekend, pepper prices have decreased slightly by VND 500 per kilogram.

Specifically, the pepper price in Dak Lak and Dak Nong provinces is at VND 73,000 per kilogram.

Gia Lai province's pepper price today is at VND 72,000 per kilogram.

Today, Dong Nai province's pepper price remains at VND 72,500 per kilogram, unchanged compared to yesterday.

The pepper in Ba Ria-Vung Tau province is purchased at VND 75,000 per kilogram.

In Binh Phuoc province, the pepper price today is traded at VND 74,000 per kilogram.

Social distancing in the southern provinces has affected the trade with farmers. As a result, the market has fallen into a shortage of reserves. Therefore, export companies have faced many difficulties in collecting pepper since July.

Compared with this year's estimated export volume and output, the Vietnamese market is short of about 80,000 tonnes of pepper.

In summary, pepper prices today, August 1, are trading at VND 72,000-75,000 per kilogram in the domestic market, pretty stable compared to yesterday.