Pepper prices, July 25: Move sideways in the world market

In the world market

In the world market, pepper prices today, July 25, at Kochi exchange, India, remain at INR 41,825 per quintal compared to yesterday morning.

The cross rate of Vietnam Dong to Indian Rupee (INR) from July 22 to July 28, 2021, applied by the State Bank for export and import tax calculation, is VND 311.39 /INR.

As forecasted, pepper markets will be active in the third quarter of 2021, when the US and European countries will relax social distancing measures. Pepper prices are expected to remain high due to reduced supply from Brazil, Indonesia, and Vietnam.

In summary, pepper prices today, July 25, move sideways after turning to increase slightly yesterday morning.

In the domestic market

Pepper prices today, July 25, remain stable compared to yesterday morning.

For this week, pepper prices have no change in the Highlands but decrease by VND 500 per kilogram in the Southeast region.

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, 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.

Due to a series of southern provinces applying Directive 16 of the Prime Minister to deal with Covid-19, the purchasing power of pepper has decreased sharply.

However, as forecasted, pepper prices will not decrease in the upcoming time and may increase by the end of this year. In addition, the price of input materials is still relatively stable, not much decrease.

In summary, pepper prices today, July 25, are trading at VND 72,500-75,000 per kilogram in the domestic market, unchanged compared to yesterday.