Pepper prices today (January 29) increased in some key provinces, with the highest price being 83,000 VND/kg.
Domestic pepper prices
According to the survey, pepper price in the domestic market fluctuates between 80,000 – 83,000 VND/kg. In particular, pepper prices in the provinces of Dong Nai, Ba Ria – Vung Tau, and Binh Phuoc increased by 500 VND/kg and remained stable in the remaining provinces.
Currently, Dong Nai and Gia Lai are the localities with the lowest prices at 80,000 VND/kg.
Two provinces Ba Ria – Vung Tau and Binh Phuoc recorded prices of 82,000 VND/kg and 82,500 VND/kg, respectively.
Similar, Pepper price today in Dak Lak and Dak Nong provinces maintained at 83,000 VND/kg.
|
Province/district (survey area) |
Purchasing price (Unit: VND/kg) |
Change compared to yesterday (Unit: VND/kg) |
|
Dak Lak |
83,000 |
– |
|
Gia Lai |
80,000 |
– |
|
Dak Nong |
83,000 |
– |
|
BA Ria Vung Tau |
82,000 |
+500 |
|
Binh Phuoc |
82,500 |
+500 |
|
Dong Nai |
80,000 |
+500 |
World pepper prices
According to an update from the International Pepper Association (IPC) on January 26 (local time), the price of Lampung black pepper (Indonesia) decreased by 0.39% compared to January 25.
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) |
||
|
January 25 |
January 26 |
% change |
|
|
Lampung black pepper (Indonesia) |
3,878 |
3,863 |
-0.39 |
|
Brazilian black pepper ASTA 570 |
3,750 |
3,750 |
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) |
||
|
January 25 |
January 26 |
% change |
|
|
Muntok white pepper |
6.115 |
6,091 |
-0.39 |
|
ASTA Malaysian white pepper |
7,300 |
7,300 |
0 |
Recorded in Indonesia, the country’s pepper output in 2023 is estimated to reach 55,000 tons, down 15% compared to 2022. This decrease may be due to Indonesian black pepper growers also switching to growing more profitable crops. more like cocoa.
In Malaysia, the amount of pepper produced in 2023 in Sarawak also decreased, estimated at 17,000 tons compared to 19,000 tons in 2022. Sarawak accounts for more than 95% of Malaysia’s pepper production.
Some pepper farmers in Sarawak have switched to growing more profitable crops such as oil palm and durian due to low pepper prices in recent years.
Therefore, there may be a global supply shortage in 2024 due to a decrease in output from major producing countries. Pepper prices are expected to tend to increase (gradually increasing from the second half of the year after the new crop). of Vietnam ends).
“After Vietnam, the harvest of the new crop will take place in Malaysia, Indonesia and Brazil. The next upward trend in pepper prices is expected to take 2 to 3 years to peak,” Mr. William SC Yii predicted.
Since the prices of most commodities such as rice and sugar have increased recently, there is a high possibility that pepper will also increase. Thestar reported.
According to VietnamBiz.vn
