Pepper prices, July 27: Unchanged in the domestic but decrease in the world market

In the world market

In the world market, pepper prices today, July 27, at Kochi exchange, India, turn to decrease by INR 125 per quintal, at INR 41,700 per quintal.

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.

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 27, turn to decrease in the world market.

In the domestic market

Pepper prices today, July 27, 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.

With the complicated situation of Covid-19, most southern provinces are applying social distancing measures, leading to a decrease in pepper demand.  

Moreover, the lack of shipping containers and rising freight fees have seriously affected Vietnam’s pepper exports.

In summary, pepper prices today, July 27, are trading at VND 72,500-75,000 per kilogram in the domestic market, unchanged compared to yesterday. Meanwhile, coffee prices increase simultaneously.