Pepper prices today (February 19) increased simultaneously in localities in the country. Accordingly, the highest price is 86,000 VND/kg.
Domestic pepper prices
According to the survey, pepper price in the domestic market, it fluctuates between 83,000 – 86,000 VND/kg after a simultaneous increase of 500 VND/kg.
Among them, the lowest price recorded in Dong Nai and Gia Lai provinces is 83,000 VND/kg.
The provinces of Ba Ria – Vung Tau, Dak Lak, and Dak Nong are purchasing at a general price of 85,000 VND/kg.
Similar, Pepper price today in Binh Phuoc province also increased to 86,000 VND/kg.
|
Province/district (survey area) |
Purchasing price (Unit: VND/kg) |
Change compared to yesterday (Unit: VND/kg) |
|
Dak Lak |
85,000 |
+500 |
|
Gia Lai |
83,000 |
+500 |
|
Dak Nong |
85,000 |
+500 |
|
BA Ria Vung Tau |
85,000 |
+500 |
|
Binh Phuoc |
86,000 |
+500 |
|
Dong Nai |
83,000 |
+500 |
World pepper prices
According to an update from the International Pepper Association (IPC) on February 16 (local time), the price of Lampung black pepper (Indonesia) decreased by 0.31% compared to February 15.
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 15 |
February 16 |
% change |
|
|
Lampung black pepper (Indonesia) |
3,923 |
3,906 |
-0.31 |
|
Brazilian black pepper ASTA 570 |
4,050 |
4,050 |
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 0.31% 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 15 |
February 16 |
% change |
|
|
Muntok white pepper |
6,186 |
6.159 |
-0.31 |
|
ASTA Malaysian white pepper |
7,300 |
7,300 |
0 |
According to data from the Ministry of Agriculture and Rural Development, the pepper growing area in Vietnam in 2023 will reach 115 thousand hectares, down 5 thousand hectares compared to 2022; Output in 2023 will reach 190 thousand tons, an increase of 3.8% compared to 2022.
The 2024 pepper harvest has begun in some districts of Dak Nong province, but the harvest is scattered in some districts and not much.
Due to the effects of climate change, the 2024 harvest will be slower than 2023. Vietnam’s pepper output in 2024 is expected to only reach 170 thousand tons, down 10.5% compared to 2023. Pepper prices in The domestic market increased due to limited supply.
Currently, people have temporarily stopped harvesting to prepare for the Lunar New Year, while businesses still need to buy to ensure export progress.
On February 6, 2024, the price of black pepper increased from 500 – 1,000 VND/kg compared to the end of January 2024 (depending on each survey area), to 81,300 – 84,000 VND/kg.
The price of white pepper is 111,000 VND/kg, much higher than the price of 92,000 VND/kg in the same period in 2023, recorded from the latest report of the Ministry of Industry and Trade. Department of Import and Export (Ministry of Industry and Trade).
According to VietnamBiz.vn
