Pepper prices today (December 1) continue to increase with an adjustment of 500 VND/kg in domestic localities. Currently, the highest price is 73,500 VND/kg recorded in Binh Phuoc province.
Domestic pepper prices
According to the survey, pepper price simultaneously increased by 500 VND/kg, recorded in the range of 70,500 – 73,500 VND/kg in domestic localities.
After price adjustment, pepper in Dong Nai and Gia Lai provinces is being purchased at the same price of 70,500 VND/kg.
Next are Dak Lak and Dak Nong provinces with the same price of 72,000 VND/kg.
Similar, Pepper price today in Ba Ria – Vung Tau and Binh Phuoc provinces were flat at 73,000 VND/kg and 73,500 VND/kg, respectively.
|
Province/district (survey area) |
Purchasing price (Unit: VND/kg) |
Change compared to yesterday (Unit: VND/kg) |
|
Dak Lak |
72,000 |
+500 |
|
Gia Lai |
70,500 |
+500 |
|
Dak Nong |
72,000 |
+500 |
|
BA Ria Vung Tau |
73,000 |
+500 |
|
Binh Phuoc |
73,500 |
+500 |
|
Dong Nai |
70,500 |
+500 |
World pepper prices
According to an update from the International Pepper Association (IPC) on November 30 (local time), the price of Lampung black pepper (Indonesia) down 0.65% compared to November 29.
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) |
||
|
November 29 |
November 30 |
% change |
|
|
Lampung black pepper (Indonesia) |
4,012 |
3,986 |
-0.65 |
|
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 0.66% 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) |
||
|
November 29 |
November 30 |
% change |
|
|
Muntok white pepper |
6,231 |
6,190 |
-0.66 |
|
ASTA Malaysian white pepper |
7,300 |
7,300 |
0 |
As noted, vPepper harvest in Indonesia has ended with an estimated decrease in output. Meanwhile, drought due to El Nino may affect the pepper crop in Brazil’s Para state.
In Vietnam, some pepper gardens have been damaged by heavy rains. The upcoming crop is expected to decrease due to climate change and farmers switch to growing other crops for better income.
In India, the country’s pepper output is likely to recover in the 2023-2024 crop year thanks to favorable weather leading to better harvests in some of the country’s largest producing areas, Karnataka state and other provinces. New areas are about to come into production in Tamil Nadu and Andhra Pradesh.
The pepper community including stakeholders such as growers and traders expect this year’s crop to be higher.
The Indian Pepper and Spice Trade Association (IPSTA) said pepper market participants including farmers, dealers… have estimated production at 70,000 tons with some new areas about to harvest. in Guntur in Andhra Pradesh and Namakkal, Gudalur, Yercaud, Kodaikanal, Kolli Hills in Tamil Nadu, where pepper cultivation is extensive.
In Karnataka, the largest producing state, this year’s crop situation looks good in some key producing areas of Kodagu and Chikkamagaluru. Pepper growers here expect output to increase by 25-30% in the 2023-2024 crop year.
According to data from the Spices Board of India, the country’s pepper output in the 2022-2023 crop is about 64,000 tons, lower than 70,000 tons the previous year. Pepper prices in the Indian domestic market have cooled down after increasing significantly since July this year, fluctuating at 605 rupees/kg.
In Karnataka state, farm gate pepper prices are 8-10% lower. Pepper production in Karnataka witnessed a 20% increase in the recent 2022-23 crop year to 36,000 tons compared to 30,000 tons a year ago.
Vishwanath KK, coordinator of the Indian Pepper Growers Organisation, said this year seems to be a normal year for pepper growing and prices will remain stable, according to Thehindubusinessline.
According to VietnamBia.vn
