Pepper prices today (December 6) in the domestic market were adjusted to increase simultaneously. Currently, the highest price is 74,500 VND/kg in Binh Phuoc province.
Domestic pepper prices
According to the survey, pepper price is in the range of 71,500 – 74,500 VND/kg after a simultaneous increase of 500 VND/kg in key provinces in the country.
Of these, Dong Nai and Gia Lai provinces are recording a general price of 71,500 VND/kg.
The two provinces of Dak Lak and Dak Nong have the same purchasing price of 73,000 VND/kg.
Similar, Pepper price today in Ba Ria – Vung Tau and Binh Phuoc provinces increased to 74,000 VND/kg and 74,500 VND/kg, respectively.
|
Province/district (survey area) |
Purchasing price (Unit: VND/kg) |
Change compared to yesterday (Unit: VND/kg) |
|
Dak Lak |
73,000 |
+500 |
|
Gia Lai |
71,500 |
+500 |
|
Dak Nong |
73,000 |
+500 |
|
BA Ria Vung Tau |
74,000 |
+500 |
|
Binh Phuoc |
74,500 |
+500 |
|
Dong Nai |
71,500 |
+500 |
World pepper prices
According to an update from the International Pepper Association (IPC) on December 5 (local time), the price of Lampung black pepper (Indonesia) decreased by 0.38% compared to December 4.
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) |
||
|
December 4 |
December 5 |
% change |
|
|
Lampung black pepper (Indonesia) |
3,996 |
3,981 |
-0.38 |
|
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 0.39% 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) |
||
|
December 4 |
December 5 |
% change |
|
|
Muntok white pepper |
6.206 |
6.182 |
-0.39 |
|
ASTA Malaysian white pepper |
7,300 |
7,300 |
0 |
According to data from the Indian Ministry of Commerce, in the first 9 months of the year, pepper imports into India reached 25,567 tons, down 27.11% over the same period last year. However, imports of this spice are on the rise again.
In September alone, it reached 5,017 tons, up 13% compared to 4,438 tons last month and up 80.6% over the same period last year.
Thus, India imported 9,455 tons of pepper in just the last two months (August and September), accounting for 37% of the total import volume from the beginning of the year until now.
Increased pepper imports and reduced domestic demand after the end of the festive season are said to be the main reasons why black pepper prices in India have cooled again, currently being traded at 595 rupees/kg for pepper. unclassified.
Mr. Kishore Shamji, Chairman of the Indian Pepper and Spice Trade Association (IPSTA), said pepper prices have begun to adjust, witnessing a decrease of 22 rupees/kg in the past month.
This decrease is mainly due to the price of pepper imported from Vietnam and Sri Lanka into India, which is currently only about 575 rupees/kg including GST, while the domestic price of pepper is up to 625 rupees/kg including costs. shipping and GST. At the same time, climate change also has an impact on domestic production.
It is also reported that large quantities of Vietnamese black pepper imported at Mundra Port are sold in the domestic market for 600 rupees/kg.
Although there is no import data for Vietnam in October, export data from the country shows that India is the third largest importer of pepper after the US and China.
Mr. Shamji added that India’s pepper imports from Sri Lanka have decreased because their inventories are limited due to the end of the season, according to Thehindubusinessline.
According to VietnamBiz.vn
