Pepper prices today (February 6) simultaneously moved sideways in the range of 80,500 – 83,500 VND/kg.
Domestic pepper prices
According to the survey, pepper price in the domestic market fluctuates between 80,500 – 83,500 VND/kg.
Among them, the lowest price recorded was 80,500 VND/kg in Dong Nai province. Next is Gia Lai province with a price of 81,000 VND/kg.
The three provinces of Dak Lak, Dak Nong and Ba Ria – Vung Tau recorded the same price of 83,000 VND/kg.
Similar, Pepper price today in Binh Phuoc remains stable at 83,500 VND/kg.
|
Province/district (survey area) |
Purchasing price (Unit: VND/kg) |
Change compared to yesterday (Unit: VND/kg) |
|
Dak Lak |
83,000 |
– |
|
Gia Lai |
81,000 |
– |
|
Dak Nong |
83,000 |
– |
|
BA Ria Vung Tau |
83,000 |
– |
|
Binh Phuoc |
83,500 |
– |
|
Dong Nai |
80,500 |
– |
World pepper prices
According to an update from the International Pepper Association (IPC) on February 5 (local time), the price of Lampung black pepper (Indonesia) decreased by 0.13% compared to February 2.
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) |
||
|
February 2 |
February 5 |
% change |
|
|
Lampung black pepper (Indonesia) |
3,913 |
3,893 |
-0.13 |
|
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 0.1% 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) |
||
|
February 2 |
February 5 |
% change |
|
|
Muntok white pepper |
6.169 |
6.139 |
-0.1 |
|
ASTA Malaysian white pepper |
7,300 |
7,300 |
0 |
Accordingly, in 2023, Vietnam will export 264,094 tons of pepper of all kinds, with a turnover of 906.5 million USD, an increase of 13.8% in volume but a decrease of 8% in turnover compared to 2022.
2023 is the third consecutive year that Olam Vietnam ranks first as Vietnam’s largest pepper exporter with a volume of 20,306 tons, accounting for 7.7% of the market share. However, the amount of pepper exported by this enterprise has decreased sharply by 30.3% compared to 2022.
Second is also an FDI enterprise, which is Nedspice Vietnam with 19,187 tons, an increase of 13.9% compared to 2022 and accounting for 7.3% of the market share.
Next is Pearl with 16,538 tons, down 35.7% and accounting for 6.3%; Phuc Sinh reached 15,802 tons, an increase of 6.6% and accounting for 6%; Haprosimex JSC reached 10,927 tons, down 14% and accounting for 4.1%.
Leading exporters of white pepper include: Nedspice Vietnam: 3,652, Olam Vietnam: 3,350 tons, Tran Chau: 2,305 tons, Lien Thanh: 2,010 tons and Phuc Sinh: 1,882 tons.
Overall, VPSA enterprises exported 179,919 tons of pepper of all kinds in 2023, down 5% compared to 2022 and accounting for 68.1% of the market share. Meanwhile, the export volume of businesses outside VPSA increased sharply by 98% to 84,175 tons and accounted for 31.9%.
There are many businesses that recorded a sudden increase in export volume such as Ly Hoang Son (+235.2%), Vu Duc Thuan (+13,919%)…
Notably, some businesses that do not export in 2022 but reach the top in 2023 such as: Dang Nguyen Ls, Ha Thi Bich Ngoc.
According to VietnamBiz.vn
