Domestic pepper prices
According to the survey, pepper prices today maintain stability in key provinces and cities.
In particular, traders purchased pepper in Gia Lai and Dong Nai at the lowest price of 92,500 VND/kg.
The two provinces of Binh Phuoc and Ba Ria – Vung Tau still maintain purchasing prices of 95,000 VND/kg and 95,500 VND/kg, respectively.
The highest pepper transaction level at the present time is 96,000 VND/kg, continuing to be present in Dak Lak and Dak Nong.
The current pepper price is fluctuating between 92,500 – 96,000 VND/kg.
|
Province/district (survey area) |
Purchasing price (Unit: VND/kg) |
Change compared to yesterday (Unit: VND/kg) |
|
Dak Lak |
96,000 |
– |
|
Gia Lai |
92,500 |
– |
|
Dak Nong |
96,000 |
– |
|
BA Ria Vung Tau |
95,500 |
– |
|
Binh Phuoc |
95,000 |
– |
|
Dong Nai |
92,500 |
– |
World pepper prices
According to an update from the International Pepper Association (IPC) on March 28 (local time), the price of Lampung black pepper (Indonesia) decreased by 0.14%, the price of Brazilian black pepper ASTA 570 and Kuching black pepper (Malaysia). ) ASTA remains stable compared to March 27
|
Type name |
World black pepper price list (Unit: USD/ton) |
||
|
March 27 |
March 28 |
% change |
|
|
Lampung black pepper (Indonesia) |
4,397 |
4,391 |
-0.14 |
|
Brazilian black pepper ASTA 570 |
4,100 |
4,100 |
0 |
|
Kuching black pepper (Malaysia) ASTA |
4,900 |
4,900 |
0 |
At the same time of the survey, Muntok white pepper prices decreased by 0.13%, while Malaysian ASTA white pepper prices had no new adjustments.
|
Type name |
World white pepper price list (Unit: USD/ton) |
||
|
March 27 |
March 28 |
% change |
|
|
Muntok white pepper |
6,187 |
6,179 |
-0.13 |
|
ASTA Malaysian white pepper |
7,300 |
7,300 |
0 |
In a recent report, the Import-Export Department (Ministry of Industry and Trade) forecasts that pepper prices in producing countries will continue to remain high due to increased demand, while supply from producing countries Indonesia and Brazil , Malaysia, and Cambodia are not enough to compensate for the decrease in exports from Vietnam. Currently, consumers around the world are willing to pay high prices for high quality pepper.
In particular, the US, EU, Middle East markets… increase the need to import products that meet sustainability in social, environmental and economic aspects throughout the supply chain.
Meanwhile, in countries with large pepper production, Brazil has passed the harvest season, Vietnam has entered the season, while the main harvest of Indonesia and Malaysia is in July every year. Currently, Vietnam’s pepper accounts for 60% of the export market share, but export volume in the first 2 months of 2024 decreased sharply.
Of which, black pepper accounts for 89% of output and white pepper 11%. Meanwhile, global pepper consumption is expected to be at 529,000 tons, exceeding production by 64,000 tons. This caused inventories to continue to decline to 428,000 tons, the lowest level in the past 6 years.
According to VietnamBiz.vn
