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 6,706 USD/ton; Kuching Malaysia black pepper price is at 8,400 USD/ton; Brazilian black pepper ASTA 570 costs 6,300 USD/ton.
Price of black pepper 500 g/l and 550 g/l export of Vietnam continues to move sideways in the range of 6,500 – 6,800 USD/ton.
|
Type name |
World black pepper price list |
|
|
November 11 (Unit: USD/ton) |
% change compared to the previous day |
|
|
Lampung black pepper (Indonesia) |
6,706 |
0.0 |
|
Brazilian black pepper ASTA 570 |
6,300 |
0.0 |
|
Kuching black pepper (Malaysia) ASTA |
8,400 |
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 stood at 9,180 USD/ton.
While the price of white pepper in Vietnam and Malaysia reached 9,500 USD/ton and 10,500 USD/ton, respectively.
|
Type name |
World white pepper price list |
|
|
November 11 (Unit: USD/ton) |
% change compared to the previous day |
|
|
Muntok Indonesian white pepper |
9,180 |
0.0 |
|
ASTA Malaysian white pepper |
10,500 |
0.0 |
|
Vietnamese white pepper |
9,500 |
0.0 |
Update pepper information
According to preliminary statistics from the Vietnam Pepper and Spice Association (VPSA), by the end of October, Vietnam had exported 219,387 tons of pepper of all kinds with a total turnover of more than 1.1 billion USD. , down 1.9% in volume but up 48% in turnover compared to the same period last year.
Export Department import (Ministry of Industry and Trade) forecasts that in the last months of this year, Vietnam’s pepper export activities will not be favorable because domestic supply is not much and demand from China is still low.
It is expected that in early 2025, our country’s pepper exports will be favorable thanks to the expected strong increase in purchasing demand from the Chinese market.
Meanwhile, after Indonesia’s most recent harvest, until February 2025, the world pepper supply had not yet had a significant addition. This is said to be a favorable factor when Vietnam enters the new harvest season of 2025.
And in Brazil, according to VPSA, in October, Brazil’s pepper exports reached 6,462 tons, an increase of 7.1% over the previous month and the highest export month since the beginning of the year.
However, by the end of October, Brazil’s total pepper exports reached 52,988 tons, a decrease of 19.3% compared to the same period in 2023 and a decrease of 23.9% compared to 2022.
Even so, export turnover still reached 229.8 million USD, up 40.7% over the same period in 2023 and up 15.3% over the same period in 2022.
In the first 10 months of the year, the UAE rose to become the main export market of Brazilian pepper reaching 7,174 tons, an increase of 16.9% over the same period and accounting for 13.5% of the market share.
In contrast, Brazil’s pepper exports to Vietnam decreased by 49.2% to 6,979 tons, accounting for 13.2% of the market share. The next main export markets include: Pakistan: 5,923 tons, India: 5,562 tons and Senegal: 4,901 tons.
According to VietnamBiz.vn
