(ĐN)- The price of pepper has declined to a record low of VND36,000-VND37,000 per kilogram as the harvest season has begun in Dong Nai.
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(ĐN)- The price of pepper has declined to a record low of VND36,000-VND37,000 per kilogram as the harvest season has begun in Dong Nai. The sharp price fall has provoked concern among local pepper farmers.
The pepper harvest in the province started at the end of the Tet holiday.
The sharp pepper price slump, which was attributed to the world pepper price drop and the large pepper inventory in the province, saw many farmers incurring heavy losses. Also, the pepper prices traded in the province are forecast to remain low in the coming time.
Dong Nai earned more than US$37 million from export of pepper in 2019, a year-on-year rise of 2 percent. The rate was the lowest increase in recent years.
Reported by B.N
