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| Pepper price today August 31, 2023, the market bounces back, concerns about economic recession, sluggish pepper export prices continue. (Source: Getty) |
Pepper prices today in the domestic market increased slightly in some key localities, trading from 69,000 - 72,500 VND/kg.
Specifically, pepper price today in Gia Lai is at 69,000 VND/kg.
Pepper prices today in Dong Nai province (70,000 VND/kg); Dak Nong, Dak Lak (70,500 VND/kg); Binh Phuoc (72,000 VND/kg) and Ba Ria - Vung Tau are at the highest level of 72,500 VND/kg.
According to information from the General Department of Customs, Vietnam's pepper exports in the first half of August 2023 reached 7,837 tons of all kinds, worth 29.67 million USD. Pepper exports from the beginning of the year to August 15 reached 175,758 tons (up 17.43% in volume but down 14.79% in value compared to the same period in 2022).
The average export price of pepper in the first half of August 2023 reached 3,748 USD/ton (up 0.48% compared to the average export price of July 2023).
According to the Ministry of Agriculture and Rural Development, in the first 8 months of 2023, agricultural, forestry and fishery exports are estimated at 4.36 billion USD, down 6.5% over the same period last year; of which, agricultural products reached 2.16 billion USD, up 11.5%; livestock 50 million USD, up 24%; aquatic products 750 million USD, down 24%; forestry products 1.19 billion USD, down 21.5%.
Some commodity groups with increased export value include: Agricultural products reached 16.9 billion USD, up 11.5%. Of which, the export value of vegetables and fruits was 3.45 billion USD, up 57.5%; rice 3.17 billion USD, up 36.1%; cashew nuts 2.23 billion USD, up 8.9%; coffee 2.94 billion USD, up 2.3%. Livestock products reached 325 million USD, up 26.1%.
However, the average export price of some major agricultural products still decreased, such as: Rubber decreased by 19.6%; tea decreased by 2.6%; cashew nuts decreased by 3.6%; pepper decreased by 26.5%; cassava and cassava products decreased by 6.4%...
Concerns about economic recession and pressure on loan interest rates have caused importers to limit the accumulation of goods, causing the world's pepper export price to remain sluggish for a long time.
A tribal settlement under the Vallakkadavu forest range inside the Periyar Tiger Reserve (PTR) in Idukki district (Kerala state, India) is reaping rich dividends through organic farming, The Hindu reported.
Accordingly, Vanchivayal village, a tribal settlement comprising 73 families of the Oorali community, won the second best organic tribal village award in the state of Kerala on August 10. Earlier, Vanchivayal village had also won a similar award in 2017.
According to officials, the tribes have been cultivating pepper, ginger, coffee and turmeric through organic farming since 2003, producing nearly 30 to 40 tonnes of pepper every year.
The products were exported to Germany through the government-supported Ecological Development Commission (EDC).
Organic pepper from Vanchivayal guarantees a premium of nearly 30% to 40% over the market price every year. Not only this, organic pepper from this village has been exported to Germany for 15 consecutive years.
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