Pepper prices, July 30: Turn to increase in the world market

In the world market

In the world market, pepper prices today, July 30, at Kochi exchange, India, increase by INR 41.65 per quintal, at INR 41,675 per quintal.

The cross rate of Vietnam Dong to Indian Rupee (INR) from July 29 to August 4, 2021, applied by the State Bank for export and import tax calculation, is VND 311.89/INR.

According to the General Statistics Office, in the first seven months of 2021, pepper is still one of the items with an increase in export turnover. Specifically, the total pepper turnover reached US$ 599 million, up 49.8%.

In summary, pepper prices today turn to increase after a slight decrease yesterday.

In the domestic market

Pepper prices today, July 30, continue to moving sideways, unchanged compared to yesterday morning.

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

Gia Lai province's pepper price today is at VND 72,000 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, which is the region’s highest level.

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.

The pepper market is sparse due to the Covid-19 epidemic in July 2021. As a result, the pepper collection is limited, so export companies have had to pick up pepper from stock for export. Therefore, many people believe that pepper prices may increase after social distancing in the southern provinces.

In summary, pepper prices today, July 30, are trading at VND 72,000-75,000 per kilogram in the domestic market, unchanged compared to yesterday.