Update pepper prices
Table of Contents
In the domestic market
See more: Pepper prices today October 20
Pepper price today is stable in the range of 143,000 – 144,500 VND/kg.
Among them, traders in Dak Lak and Dak Nong provinces are purchasing black pepper at the highest price of 144,500 VND/kg.
At a lower level, traders in Dong Nai province and Ba Ria – Vung Tau province are buying pepper at a price of 143,500 VND/kg.
In Binh Phuoc and Gia Lai, pepper price is being purchased at the lowest price of 143,000 VND/kg.
|
Province/district (survey area) |
Purchase price October 21 (Unit: VND/kg) |
Change compared to yesterday (Unit: VND/kg) |
| Dak Lak |
144,500 |
– |
| Gia Lai |
143,000 |
– |
| Dak Nong |
144,500 |
– |
| Ba Ria – Vung Tau |
143,500 |
– |
| Binh Phuoc |
143,000 |
– |
| Dong Nai |
143,500 |
– |
On the world market
Update from the International Pepper Association (IPC), in the most recent trading session, the price of Lampung Indonesian black pepper was listed at 6,794 USD/ton.
Similarly, the price of Brazilian black pepper ASTA 570 was traded at 6,400 USD/ton. In Malaysia, Kuching black pepper price was flat at 8,700 USD/ton.
Price of black pepper 500 g/l and 550 g/l export of Vietnam in the range of 6,500 – 6,800 USD/ton.
|
Type name |
World black pepper price list |
|
|
October 21 (Unit: USD/ton) |
% change compared to yesterday |
|
| Lampung black pepper (Indonesia) |
6,794 |
0.0 |
| Brazilian black pepper ASTA 570 |
6,400 |
0.0 |
| Kuching black pepper (Malaysia) ASTA |
8,700 |
0.0 |
| Vietnamese black pepper (500 g/l) |
6,500 |
0.0 |
| Vietnamese black pepper (500 g/l) |
6,800 |
0.0 |
At the same time of the survey, the price of Indonesian Muntok white pepper was stable at 9,302 USD/ton, and Vietnamese white pepper reached 9,500 USD/ton. White pepper prices in Malaysia were flat at 11,200 USD/ton.
|
Type name |
World white pepper price list |
|
|
October 21 (Unit: USD/ton) |
% change compared to yesterday |
|
| Muntok Indonesian white pepper |
9,302 |
0.0 |
| ASTA Malaysian white pepper |
11,200 |
0.0 |
| Vietnamese white pepper |
9,500 |
0.0 |
Update pepper information
According to preliminary statistics of the Vietnam Pepper and Spice Association (VPSA), in the first 15 days of October, Vietnam exported 9,039 tons of pepper, total export turnover reached 58.3 million USD.
Thus, Vietnam’s pepper exports from the beginning of the year to mid-October reached 209,933 tons, with a turnover of 1.05 billion USD, down 1.9% in volume but up 47% in turnover compared to the same period last year. period last year.
Previously, Vietnam’s pepper exports set a record turnover of 1.4 billion USD in 2016. However, farmers in many provinces have massively expanded pepper growing areas, even in places where Suitable for this type of tree, production increases sharply, supply exceeds demand, leading to prices continuously falling sharply.
At times, pepper prices fell below cost, farmers suffered heavy losses, significantly narrowed their areas or switched to other crops. This leads to pepper exports in the period 2018 – 2023 falling below 1 billion USD and moving away from this mark.
However, with the recovery in prices, after only 9.5 months of this year, pepper exports have surpassed the 1 billion USD mark and it is still possible to further increase export turnover in the last two months of the year. .
The US is still the main export market in the first half of October, accounting for 31.7% of the market share with a volume of 2,865 tons.
Meanwhile, Olam was the largest export enterprise in the past period, reaching 1,424 tons, accounting for 15.8%. Next are Nedspice Vietnam enterprises: 945 tons, Phuc Sinh: 793 tons, Tran Chau: 761 tons and Lien Thanh: 578 tons.
Also in the first 15 days of October, Vietnam had import 2,295 tons of pepper of all kinds, total turnover reached 13.7 million USD. Of which, Indonesia is the main pepper supplier to Vietnam, accounting for 79.5% of the volume with 1,824 tons.
The main importing enterprises during the period included: Pearl: 407 tons, Harris Spice: 360 tons, Phuc Sinh: 350 tons, Olam Vietnam: 342 tons and Phuc Thinh: 327 tons.
According to VietnamBiz.vn
