Pepper prices, July 26: Unchanged in the world and the domestic market

In the world market

In the world market, pepper prices today, July 26, at Kochi exchange, India, increase by INR 694.25 per quintal, at INR 41,825.

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 VND311.39/INR.

Vietnam's pepper exports, in the first half of July 2021, reached 14,320 tonnes, with a total value of US$ 52.47 million. As a result, pepper exports in the first 7.5 months of 2021 reached 168,204 tonnes, down by 3.62% in volume but up 46.35% in value over the same period last year.

Pepper's average export price in the first half of July 2021 reached US$ 3,664 per tonnes, up 2.29% compared to June 2021.

In summary, pepper prices today, July 26, continue to move sideways in the world market.

In the domestic market

Pepper prices today, July 26, also keep 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 complicated situation of Covid-19, the pepper collection from people is limited. Therefore, export orders in August 2021 must use pepper in stockpiles.

As forecasted, after the end of social distancing in the southern provinces, businesses have to buy pepper to compensate for stockpiles, so pepper prices may increase to VND 80,000 per kilogram.

In summary, pepper prices today, July 26, are trading at VND 72,500-75,000 per kilogram in the domestic market.