Pepper prices today (October 19) in the domestic market continue to be anchored in the range of 67,500 – 70,500 VND/kg.
Domestic pepper prices
According to the survey, pepper price There has been no new adjustment, currently recorded in the range of 67,500 – 70,500 VND/kg.
Specifically, the prices recorded in Gia Lai and Dong Nai provinces are 67,500 VND/kg and 68,500 VND/kg, respectively.
Pepper in the two provinces of Dak Lak and Dak Nong is being purchased at a general price of 69,000 VND/kg.
Similar, Pepper price today in Binh Phuoc and Ba Ria – Vung Tau also went flat at 70,000 VND/kg and 70,500 VND/kg, respectively.
|
Province/district (survey area) |
Purchasing price (Unit: VND/kg) |
Change compared to yesterday (Unit: VND/kg) |
|
Dak Lak |
69,000 |
– |
|
Gia Lai |
67,500 |
– |
|
Dak Nong |
69,000 |
– |
|
BA Ria Vung Tau |
70,500 |
– |
|
Binh Phuoc |
70,000 |
– |
|
Dong Nai |
68,500 |
– |
World pepper prices
According to an update from the International Pepper Association (IPC) on October 18 (local time), the price of Lampung black pepper (Indonesia) decreased by 0.07% compared to October 17.
At the same time, the price of Brazilian black pepper ASTA 570 and Kuching (Malaysia) ASTA black pepper remained stable.
|
Type name |
World black pepper price list (Unit: USD/ton) |
||
|
October 17 |
October 18 |
% change |
|
|
Lampung black pepper (Indonesia) |
4.144 |
4.141 |
-0.07 |
|
Brazilian black pepper ASTA 570 |
3,450 |
3,450 |
0 |
|
Kuching black pepper (Malaysia) ASTA |
4,900 |
4,900 |
0 |
At the same time of the survey, the price of Muntok white pepper decreased by 0.08% compared to the previous session, while Malaysian ASTA white pepper prices had no new adjustments.
|
Type name |
World white pepper price list (Unit: USD/ton) |
||
|
October 17 |
October 18 |
% change |
|
|
Muntok white pepper |
6,240 |
6,235 |
-0.08 |
|
ASTA Malaysian white pepper |
7,300 |
7,300 |
0 |
Pepper prices in the domestic market decreased because import demand from the US, EU, and China markets slowed down, in the context of the USD and high inflation. However, because the amount of pepper in the population is not much, the price reduction is not large.
On October 9, the price of black pepper in the domestic market decreased by 1,000 VND/kg (in all surveyed areas) compared to the end of September 2023, down to 68,000 – 71,000 VND/kg.
According to statistics from the General Department of Customs, in September 2023, Vietnam exported pepper to 18.11 thousand tons, worth 67.51 million USD, down 10.1% in volume and down 10.4%. in value compared to August 2023, but compared to September 2022, an increase of 31.2% in volume and an increase of 19.0% in value.
In the first 9 months of 2023, Vietnam exported pepper to over 206 thousand tons, worth 682.47 million USD, up 18.1% in volume, but down 11.4% in value over the same period last year. last.
In September 2023, Vietnam’s average export price of pepper reached 3,728 USD/ton, down 0.4% compared to August 2023 and down 9.3% compared to September 2022.
In the first 9 months of 2023, the average export price of Vietnam’s pepper reached 3,312 USD/ton, down 25% compared to the same period in 2022, according to the latest report of Department of Import and Export (Ministry of Industry and Trade).
According to VietnamBiz.vn
