(ĐN)- According to pepper growers in Dong Nai, May domestic buying price for black peppers continued to decline, compared to April.
(ĐN)- According to pepper growers in Dong Nai, May domestic buying price for black peppers continued to decline, compared to April.
Particularly, buying price for dried raw black pepper in Dong Nai was 92,000-93,000 per kilo, decreased by VND3,000-4,000 per kg compared to last month’s average price.
The cause for the fall in price is said to be a sharp increase in quantity.
The export price for pepper had been on the decline since the beginning of this year, in addition to the drop in domestic prices. The reason for such a decline is considered to have been the fall in world demand, while supply rose steeply.
The United States, India, the EU are Dong Nai’s largest pepper consumption markets.
Currently, Vietnamese pepper industry is facing many challenged regarding quality and quantity controls.
If the quality of pepper exports is not improved in the near future, the amount exported will surely decline, as more countries are tightening their supervision on imported peppers.
Reported by U.N
