Pepper prices, July 29: Turn to decrease in the world market

In the world market

In the world market, pepper prices today, July 29, at Kochi exchange, India, decrease slightly by INR 66.65 per quintal, at INR 41,633.35 per quintal.

Previously, after many days of moving sideways, Indian pepper prices clearly also showed a downtrend last week. 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 turn to decrease after moving sideways yesterday.

In the domestic market

Pepper prices today, July 29, continue to moving sideways, unchanged compared to yesterday morning in the South East. Meanwhile, in Central Highlands, pepper prices are down slightly by VND 500 per kilogram.

Specifically, the pepper price in Dak Lak and Dak Nong provinces is at VND 73,000 per kilogram, a decrease of VND 500 per kilogram.

Gia Lai province's pepper price today is at VND 72,000 per kilogram, after reducing VND 500 per kilogram.

As yesterday, Dong Nai province's pepper price today 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 29, are trading at VND 72,000-75,000 per kilogram in the domestic market, a slight decrease compared to yesterday.