Pepper market on October 30, 2023: Going down simultaneously, lowest 66,000 VND/kg

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Pepper prices today (October 30) recorded a decrease in key provinces in the country. Accordingly, Ba Ria – Vung Tau is still the locality with the highest price at 69,000 VND/kg.

Domestic pepper prices

According to the survey, pepper price In the domestic market, it was recorded in the range of 66,000 – 69,000 VND/kg, simultaneously decreasing by 1,000 VND/kg.

Of which, Gia Lai and Dong Nai recorded prices of 66,000 VND/kg and 67,000 VND/kg, respectively.

In Dak Lak and Dak Nong, pepper prices remained stable at 67,500 VND/kg.

Similar, Pepper price today in Binh Phuoc and Ba Ria – Vung Tau also decreased to 68,500 VND/kg and 69,000 VND/kg.

Province/district (survey area)

Purchasing price (Unit: VND/kg)

Change compared to yesterday (Unit: VND/kg)

Dak Lak

67,500

-1,000

Gia Lai

66,000

-1,000

Dak Nong

67,500

-1,000

BA Ria Vung Tau

69,000

-1,000

Binh Phuoc

68,500

-1,000

Dong Nai

67,000

-1,000

World pepper prices

According to an update from the International Pepper Association (IPC) on October 27 (local time), the price of Lampung black pepper (Indonesia) decrease 0.05% compared to October 26.

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 26

October 27

% change

Lampung black pepper (Indonesia)

4,088

4,086

-0.05

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 decrease 0.05% 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 26

October 27

% change

Muntok white pepper

6.156

6.153

-0.05

ASTA Malaysian white pepper

7,300

7,300

0

According to preliminary statistics of VPSA, in the third quarter of this year, businesses imported 5,458 tons of pepper, down 25% compared to the second quarter.

Accumulated in the first 9 months of the year, Vietnam imported 20,541 tons of pepper of all kinds, of which black pepper reached 19,232 tons, white pepper reached 1,309 tons, compared to the same period last year, the import volume decreased by 30.7%, equivalent to 9,084 tons. ton.

Brazil, Cambodia and Indonesia are the three main pepper supply countries for Vietnam reaching 12,517 tons, 3,403 tons and 2,697 tons respectively.

Of which imports from Brazil increased by 62.2%, from Cambodia decreased by 73.0% and from Indonesia decreased by 48.0%.

The main importing enterprises in the first 9 months of the year include: Olam: 7,659 tons, down 11.8% and accounting for 37.3% of the import market share; Pearl: 3,541 tons, up 3.4%%; Nedspice: 1,589 tons, up 65.5%; Vietnamese KSS: 1,331 tons, down 30.1% and Son Ha: 1,198 tons, down 10.8%…

According to data from the General Department of Customs, in September, Vietnam exported 18,111 tons of pepper, worth 67.5 million USD, an increase of 31.2% in volume and 19% in value compared to the same period last year. .

According to VietnamBiz.vn

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