Pepper prices, July 23: Unchanged in the domestic market

In the world market

In the world market, pepper prices today, July 23, at Kochi exchange, India, decrease INR 869.25 per quintal, at INR 41,130.25.

The cross rate of Vietnam Dong to Indian Rupee (INR) from July 15 to July 23, 2021, applied by the State Bank for export and import tax calculation, is VND 311.13 /INR.

After many days of moving sideways, Indian pepper prices clearly show a downtrend. The reason is that there is an excess of domestic supply while cheap Sri Lanka's pepper continues to enter India.

In summary, pepper prices today, July 23, turn to decrease in the world market.

In the domestic market

Pepper prices today, July 23, continue to moving sideways, unchanged compared to yesterday morning.

Specifically, the pepper price in Dak Lak and Dak Nong provinces is at VND 73,500 per kilogram.

Gia Lai province's pepper price today is at VND 72,500 per kilogram.

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

The pepper price 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.

Due to the impact of the 4th wave of Covid-19, the high freight fees, limited purchasing businesses, high inventories, and a large amount of pepper in the population, the black pepper price has decreased from 1.3% to 3.4% in the domestic market.

Vietnam's pepper export reached a good result in June 2021. However, as forecasted, pepper export will be affected by the Covid-19 in the upcoming time.

In summary, pepper prices today, July 23, are trading at VND 72,500-75,000 per kilogram in the domestic market.