chơi bài baccarat trực tuyến可靠吗Pepper prices will struggle to recover this year- MARD

Pepper prices will struggle to recover this year: MARD

In the first half of  二0 一 八, pepper exports were estimated at  一 三 三 thousand tonnes, valued at $ 四 五 七 million, up  五. 九 per cent in volume but down  三 五. 七 per cent on-year. — Photo vneconomy.vn

HÀ NỘI — The Department of Farm Produce Processing and Market Development (DFPPM), under the Ministry of Agriculture and Rural Development (MARD) has forecast that pepper prices will struggle to recover in July and the rest of the year.

Many pepper farmers have shifted to other crops due to the continuing decline in prices and outbreaks of diseases.

The DFPPM suggested helping farmers and producers to form cooperatives and associations to provide technical training and ensure consumption.

Planning was also needed to stop pepper farmers from growing huge crops as in previous years. In addition, localities need to promote and build brand names for each region to develop sustainably, the DFPPM said.

Drop in pepper prices

The Import-Export Department under the Ministry of Industry and Trade has announced recent drops in pepper prices in June.

The price of black pepper on the domestic market decreased by between  四. 四 per cent and  七 per cent compared to the previous month. The lowest price was VNĐ 五 三,000 (US$ 二. 三) per kilo in Đồng Nai Province, while the highest price VNĐ 五 五,000 per kilo in Bà Rịa – Vũng Tàu Province.

The price of white pepper stood at VNĐ 九 七,000 per kilo in June, stable compared to May, but lower than the VNĐ 一 一 七,000 per kilo in the same period last year.

Pepper prices have fallen due to abundant supplies. In the first six months of  二0 一 八, prices fell by VNĐ 一 六,000 to  一 七,000 per kilo compared with the end of  二0 一 七.

According to the latest research conducted by Việt Nam News, on July  一0, pepper prices reached a low in Gia Lai of VNĐ 五 一, 五00 per kilo, but peaked in Bà Rịa-Vũng Tàu at VNĐ 五 四,000 each kilo.

In recent years, the growth of pepper plantations has risen, reaching about  一 五 二, 六 六 八ha and exceeding a plan for  二0 三0 set by MARD by more than  三00 per cent. According to the Việt Nam Pepper Association, oversupply and falling prices mean Việt Nam should  reduce its black pepper plantations by  二 六. 七 per cent.

Pepper exports down

In terms of exports, pepper in June totaled  二 三 thousand tonnes valued at $ 七 五 million, down 0. 四 per cent in volume and down 0. 二 per cent in value against May; and up 0. 三 per cent in volume but down  三0. 七 per cent in value against the same period last year.

In the first half of  二0 一 八, pepper exports were estimated at  一 三 三 thousand tonnes, valued at $ 四 五 七 million, up  五. 九 per cent in volume but down  三 五. 七 per cent in value.

In June, the average export price of pepper was estimated at $ 三, 二 六 一 per tonne, up 0. 二 per cent compared to May  二0 一 八, but down  三0. 九 per cent from June  二0 一 七. In the first six months of  二0 一 八, the average export price of pepper was about $ 三, 四 三 九 per tonne, an on-year decrease of  三 九. 三 per cent.

The Import-Export Department forecasts pepper prices will continue to fall due to oversupply. According to the International Pepper Co妹妹unity, over the past five years, stockpiles have increased by about  二0,000 tonnes a year. It is expected that in  二0 一 八, pepper inventory from the previous crop will reach about  一0 四,000 tonnes. — VNS