Domestic pepper prices
According to the survey, pepper prices in localities remained stable.
Among them, traders in Dak Lak, Gia Lai, Ba Ria – Vung Tau and Dong Nai are buying pepper at the price of 103,000 VND/kg.
The highest transaction level continued to be recorded in Dak Nong and Binh Phuoc at 104,000 VND/kg.
|
Province/district (survey area) |
Purchasing price (Unit: VND/kg) |
Change compared to yesterday (Unit: VND/kg) |
|
Dak Lak |
103,000 |
– |
|
Gia Lai |
103,000 |
– |
|
Dak Nong |
104,000 |
– |
|
BA Ria Vung Tau |
103,000 |
– |
|
Binh Phuoc |
104,000 |
– |
|
Dong Nai |
103,000 |
– |
World pepper prices
According to an update from the International Pepper Association (IPC) on May 6 (local time), Lampung black pepper price (Indonesia) increased by 3.29%, Brazilian black pepper price ASTA 570 and Kuching black pepper price ( Malaysia) ASTA remains stable compared to May 5.
|
Type name |
World black pepper price list (Unit: USD/ton) |
||
|
May 5 |
May 6 |
% change |
|
|
Lampung black pepper (Indonesia) |
4,757 |
4,919 |
+3.29 |
|
Brazilian black pepper ASTA 570 |
4,700 |
4,700 |
0 |
|
Kuching black pepper (Malaysia) ASTA |
4,900 |
4,900 |
0 |
At the same time of the survey, Muntok white pepper prices increased by 2.57%, while Malaysian ASTA white pepper prices had no new adjustments.
|
Type name |
World white pepper price list (Unit: USD/ton) |
||
|
May 5 |
May 6 |
% change |
|
|
Muntok white pepper |
6,303 |
6,469 |
+2.57 |
|
ASTA Malaysian white pepper |
7,300 |
7,300 |
0 |
According to a report from the Ministry of Agriculture and Rural Development, in April 2024, Vietnam exported 27,000 tons of pepper, earning 117 million USD. Compared to the same month last year, pepper exports only increased slightly by 2.2% in volume but increased sharply by 40.4% in value (thanks to the average increase in export pepper prices in the first 4 months of the year reaching 4,214 USD/ton). , an increase of 36.4% over the same period in 2023).
Accumulated in the first 4 months of 2024, Vietnam’s pepper exports reached 83,783 tons, with a turnover of more than 353 million USD, down 18.3% in volume but up 11.5% in value compared to the same period in 2023, according to the newspaper Industry and Trade.
Currently, Vietnam’s pepper exports account for 40% of output and 60% of the global export market share. However, among the world’s largest pepper exporting countries, Vietnamese pepper is ranked last. Specifically, Vietnam’s black pepper price is at 4,200 – 4,300 USD/ton, while the same type of goods from Brazil is 4,900 USD/ton, and those of Indonesia and Malaysia are priced at 4,703 USD/ton and 4,700 USD/ton, respectively.
Similarly, Vietnam’s white pepper is priced at 6,000 USD/ton, 1,300 USD/ton lower than the price of Malaysian white pepper and 232 USD/ton lower than the same type in Indonesia.
According to Ms. Hoang Thi Lien – Chairwoman of the Vietnam Pepper and Spice Association, this industry is facing big challenges that farmers and businesses need to improve soon, such as quality issues to meet market demands. high-end schools like the US and EU.
Besides, it is necessary to consolidate the planting area. Because currently, Vietnam’s pepper production area is shrinking after a period of falling pepper prices and declining output. Meanwhile, our country’s rival, Brazil, is stepping up production to increase output. If we don’t have a strategy, in the next few years, Brazil will catch up with Vietnam.
According to VietnamBiz.vn
