Pepper price on July 1 continued to increase from 3,000-5,000 VND/kg

(GLO)- On July 1, domestic pepper prices continued to record a significant increase, from 3,000-5,000 VND depending on the locality.

Specifically, the price of pepper in Dak Lak increased by 5,000 VND/kg compared to yesterday, currently at 138,000 VND/kg; traders in Gia Lai are currently purchasing at 136,000 VND/kg, also an increase of 5,000 VND compared to yesterday. In Lam Dong, pepper also increased by 5,000 VND/kg, at 138,000 VND/kg.

Pepper is recording steady growth. Photo: PV

In the Southeast region, pepper price in Ho Chi Minh City was purchased at 136,000 VND/kg, an increase of 3,000 VND/kg compared to yesterday; in Dong Nai, it increased by 8,000 VND/kg, at 136,000 VND/kg.

Pepper prices have increased for many consecutive days, reflecting improved purchasing demand from domestic businesses and traders, as well as expectations of an upward trend in the coming time.

Overall, domestic pepper prices are showing many positive signs thanks to stable demand and expectations of export recovery. Although world pepper prices are still unstable, in the context of tight supply, domestic pepper prices are likely to continue to increase, bringing practical benefits to farmers and export enterprises.

Graphics: PV

However, a new warning from the American Spice Trade Association (ASTA) is causing concern among pepper traders. According to information from this organization, the global market may face a sharp price increase due to supply shortages and the new US tariff policy, expected to take effect from July 9. In particular, the reciprocal tax rate of up to 46% on black pepper from Vietnam is a major barrier to export activities.

Source: https://baogialai.com.vn/gia-ho-tieu-ngay-1-7-tiep-tuc-tang-tu-3000-5000-dongkg-post330534.html