Pepper prices today (November 7) in key provinces in the country were recorded in the range of 65,500 – 68,000 VND/kg.
Domestic pepper prices
According to the survey, pepper price maintained in the range of 65,500 – 68,000 VND/kg in the domestic market.
In particular, the prices recorded in Gia Lai and Dong Nai provinces were 65,500 VND/kg and 66,000 VND/kg, respectively.
Next are the two provinces of Dak Lak and Dak Nong with a general purchasing price of 67,000 VND/kg.
Similar, Pepper price today in Binh Phuoc and Ba Ria – Vung Tau were stable at 67,500 VND/kg and 68,000 VND/kg, respectively.
|
Province/district (survey area) |
Purchasing price (Unit: VND/kg) |
Change compared to yesterday (Unit: VND/kg) |
|
Dak Lak |
67,000 |
– |
|
Gia Lai |
65,500 |
– |
|
Dak Nong |
67,000 |
– |
|
BA Ria Vung Tau |
68,000 |
– |
|
Binh Phuoc |
67,500 |
– |
|
Dong Nai |
66,000 |
– |
World pepper prices
According to an update from the International Pepper Association (IPC) on November 6 (local time), prices of Lampung black pepper (Indonesia), Brazilian black pepper ASTA 570 and Kuching black pepper (Malaysia) ASTA remain stable. determined.
|
Type name |
World black pepper price list (Unit: USD/ton) |
||
|
November 3 |
November 6 |
% change |
|
|
Lampung black pepper (Indonesia) |
4,058 |
4,058 |
0 |
|
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 and Malaysian ASTA white pepper prices have no new adjustments.
|
Type name |
World white pepper price list (Unit: USD/ton) |
||
|
November 3 |
November 6 |
% change |
|
|
Muntok white pepper |
6.149 |
6.149 |
0 |
|
ASTA Malaysian white pepper |
7,300 |
7,300 |
0 |
Aggregated data shows that, by the end of the third quarter, pepper exports recorded a decrease in most of the leading producing countries in the world including Brazil, Indonesia, India… and only increased in Vietnam. Male.
The global economic decline, inflation and rising interest rates have negatively affected pepper consumption demand in many countries, especially the US and EU.
Meanwhile, demand from China and Africa showed improvement after the COVID-19 pandemic. These are also the two markets that most actively imported Vietnamese pepper in the first 9 months of this year.
Brazil: Data from the Brazilian State Center for Foreign Trade Statistics (Comex Stat) shows that Brazil’s pepper exports in September reached 7,297 tons, up 41.4% over the previous month but still down 9.5%. compared with the same period last year.
From the beginning of the year to the end of September, Brazil exported a total of 58,310 tons of pepper, with a turnover of 178.4 million USD, down 2.4% in volume and down 22.6% in turnover compared to the previous year. same period in 2022.
Brazil’s average export pepper price in September continued to decrease for the second consecutive month compared to the previous month, with a decrease of 0.6% to 3,265 USD/ton. On average in the first 9 months of the year, Brazil’s export pepper price reached 3,059 USD/ton, down 20.7% over the same period.
According to VietnamBiz.vn
