Pepper price today 15/7/2022 in the domestic market went sideways after a strong drop yesterday. Currently trading pepper around 66,500 - 70,000 VND/kg.

World pepper price today 7/15

In the world market,  today's pepper price was little changed on  July 15  , but it was still negatively affected by the rising USD.

Specifically, this morning, the Dollar Index increased by 0.97%, reaching 109 points. According to analysts, the US published the highest inflation rate in 40 years, helping the greenback stand at a high level.

Earlier, on July 13, the US Department of Labor announced that the consumer price index (CPI) of this country in June increased by 9.1% over the same period last year. This is the highest level of inflation in the US in more than 40 years and much higher than the 8.6% increase recorded in May.

In addition, this inflation figure is also higher than the forecast of 8.8% that economists gave earlier. This confirms that the US Federal Reserve (Fed) will soon raise interest rates to control inflation.

The rising dollar will continue to increase, pushing down the local currencies of exporting countries, which will negatively affect the commodity market in general and pepper prices in particular.

Thus, today's pepper price on July 15, 2022 in the world market is flat compared to yesterday.

Domestic pepper price today 7/15

Pepper prices  today on July 15  in the domestic market remained stable after a sharp drop yesterday right after the US announced the consumer price index (CPI) in June.

Specifically, today's pepper price in Dak Lak and Dak Nong provinces is buying at 67,500 VND/kg; unchanged from yesterday;

Gia Lai pepper price today 15/7 is also maintaining trading at 66,500 VND/kg;

Pepper price in Dong Nai today had no new changes, continued to buy at 66,500 VND/kg;

Today's pepper price in Ba Ria - Vung Tau remained at 70,000 VND/kg – the highest purchase price of pepper in the country today;

In Binh Phuoc, pepper price today 15/7 traded at 68,500 VND/kg, flat compared to yesterday.

With the current situation of domestic pepper prices, experts advise pepper farmers to only sell just enough to spend, when the price increases, sell, when the price decreases, stop. It is important not to borrow money to spend.

Currently, most commodity market prices have temporarily slowed down due to speculation about capital withdrawal because of concerns about risks will increase before the Fed's July monetary policy meeting.

In the first 6 months of this year, Vietnam exported  125,553 tons of pepper  , 106,705 tons of black pepper, 18,848 tons of white pepper. Total export turnover reached 568.8 million USD, black pepper reached 456.4 million USD, white pepper reached 112.4 million USD.

Over the same period, pepper exports decreased by 19.1%, equivalent to 29,621 tons, but export turnover in 6 months increased by 13.5%, equivalent to 67.6 million USD compared to the same period in 2021.

The price of agricultural products  in the domestic market today fluctuated in opposite directions, with a sharp decline in coffee, but flat in pepper.

Thus, today's pepper price on July 15, 2022 in the domestic market is trading around 66,500 - 70,000 VND/kg.

Today's pepper price list

Below is  the latest  domestic pepper price  list today, July 15, 2022. Unit: VND/kg

Pepper price list today 15/7/2022 in the domestic market

According to Nongghiep.vn