Pepper prices, July 28: Simultaneously move sideways

In the world market

In the world market, pepper prices today, July 28, at Kochi exchange, India, keep 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.

The Covid-19 epidemic has complicated pepper exporting countries such as Vietnam, Indonesia, and Malaysia, affecting pepper harvest and export.

On the other hand, rising freight fees and the recovery of demand in major markets also affect the raw material prices in exporting countries.

In summary, pepper prices today, July 28, keep the same at INR 41,700 per quintal compared to yesterday.

In the domestic market

Pepper prices today, July 28, 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.

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

Vietnam's black pepper price has now increased to US$ 945-964 per tonne, equal to 33.1-32.8%. Due to the decline in Vietnam's pepper output - the world's largest pepper exporter, has pushed up global pepper prices in the first months of this year.

In summary, pepper prices today, July 28, are trading at VND 72,500-75,000 per kilogram in the domestic market, unchanged compared to yesterday. Meanwhile, coffee prices turn to decrease slightly.