Pepper price today July 15, 2022 | Latest pepper price market

Pepper prices today, July 15, 2022, in the domestic market remained unchanged after a sharp decline yesterday. Pepper is currently trading around 66,500 – 70,000 VND/kg. With the current situation of domestic pepper prices, experts advise pepper farmers to only sell enough to cover expenses, sell when prices increase, and stop when prices decrease. The important thing is not to borrow money to hold pepper. Currently, most commodity market prices have temporarily slowed down due to speculative capital withdrawals because of concerns that 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, and 18,848 tons of white pepper. Total export turnover reached 568.8 million USD, black pepper reached 456.4 million USD, and white pepper reached 112.4 million USD. Compared to the same period, pepper export volume decreased by 19.1%, equivalent to 29,621 tons, but export turnover in the first 6 months increased by 13.5%, equivalent to 67.6 million USD compared to the same period in 2021. In the world market, Pepper prices today fluctuated little, but were still negatively affected by the increase in the USD. Specifically, this morning the Dollar Index increased by 0.97%, reaching 109 points. According to analysts, the US announced the highest inflation index in the past 40 years, helping the greenback stand at a high level. Previously, on July 13, the US Department of Labor announced that the country’s consumer price index (CPI) in June increased by 9.1% over the same period last year. This is the highest inflation rate in the US in over 40 years and much higher than the 8.6% increase recorded in May. In addition, this inflation figure is also higher than the 8.8% forecast by economic experts. This confirms that the US Federal Reserve (Fed) will soon raise interest rates to control inflation. The continued increase in the USD, pushing down the domestic currencies of exporting countries, will negatively affect the commodity market in general and pepper prices in particular. #pepper #hotpepper #news #agriculture #nhanong #mientay #taynguyen #pepper #pepper price today #pepper price #pepper today #pepper price udaklak #pepper price ubinhphuoc #pepper price dongnai #the latest pepper price

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