Pepper prices, July 31: Decrease in the world market

In the world market

In the world market, pepper prices today, July 31, at Kochi exchange, India, decrease by INR 25 per quintal, at INR 41,650 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%.

Pepper prices have erratically increased or decreased in a narrow range in the past few days.

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

In the domestic market

Pepper prices today, July 31, 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.

Vietnam's current black pepper price has increased by 33.1-32.8% or US$ 945-964 per tonne compared to the beginning of the year. The price of VND 72,000-75,000 per kilogram in the domestic market is the highest level in the past four and a half years.

In summary, pepper prices today, July 31, are trading at VND 72,000-75,000 per kilogram in the domestic market, unchanged compared to yesterday.