In the past few weeks, the price of black pepper in the Southeast provinces had suddenly increased continuously and hit a record high.
In the past few weeks, the price of black pepper in the Southeast provinces had suddenly increased continuously and hit a record high.
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| The price of black pepper had unexpectedly increased in the past few weeks. (Photo: SGGP) |
Mr. Truong Dinh Ba, Chairman of the Farmers’ Association of Lam San Commune in Cam My District of Dong Nai Province, said that the current price of black pepper purchased by traders at the plantation ranges from VND70,000 to VND71,000 per kilogram, up nearly VND20,000 per kilogram compared to that at the beginning of the harvest season more than one month ago and VND34,000 per kilogram compared to the same period last year.
Dong Nai Province currently has a relatively large growing area of black pepper with 12,000 hectares. This province has determined that in the coming time it would support black pepper growers to build chains from clean production to consumption under the VietGAP standards for export.
Meanwhile, in Ba Ria-Vung Tau Province, the price of black pepper surged to VND73,500 per kilogram. It is the locality with the highest black pepper price in the country. The price of black pepper climbed by VND20,000 per kilogram in comparison with a month ago and VND35,500 per kilogram year-on-year.
In Binh Phuoc Province, the price of black pepper was at VND72,500 per kilogram, up VND20,000 per kilogram over the previous month, and VND35,500 per kilogram over the same period last year.
The price of this agricultural product rose strongly because the supply of black pepper dropped sharply. After three consecutive years of selling prices below production cost, farmers simultaneously chopped down pepper plants, reducing the growing area of black pepper. In addition, this year, unusual weather caused crop failure, reducing yield. It is forecasted that with the current market situation, in the coming time, black pepper prices will possibly continue to rise.
Meanwhile, in Ba Ria-Vung Tau Province, the price of black pepper surged to VND73,500 per kilogram. It is the locality with the highest black pepper price in the country. The price of black pepper climbed by VND20,000 per kilogram in comparison with a month ago and VND35,500 per kilogram year-on-year.
In Binh Phuoc Province, the price of black pepper was at VND72,500 per kilogram, up VND20,000 per kilogram over the previous month, and VND35,500 per kilogram over the same period last year.
The price of this agricultural product rose strongly because the supply of black pepper dropped sharply. After three consecutive years of selling prices below production cost, farmers simultaneously chopped down pepper plants, reducing the growing area of black pepper. In addition, this year, unusual weather caused crop failure, reducing yield. It is forecasted that with the current market situation, in the coming time, black pepper prices will possibly continue to rise.
(Source:SGGP)
