Pepper market November 16, 2024: Reversed and increased again

In the domestic market

After decreasing the previous day, gpepper price Today has reversed and increased again from 500 – 1,000 VND/kg in key provinces and cities, fluctuating around 138,000 VND/kg. – 139000 VND/kg.

Accordingly, Traders in Dak Lak and Dak Nong provinces are buying pepper at the highest price of 139,000 VND/kg, an increase of 1,000 VND/kg and 500 VND/kg respectively compared to yesterday.

In the two provinces of Ba Ria – Vung Tau and Dong Nai, pepper price increased by 1,000 VND/kg to 138,500 VND/kg.

Pepper price in Gia Lai is also standing at 138,500 VND/kg, an increase of 500 VND/kg.

Particularly in Binh Phuoc, the pepper transaction price remains unchanged at 138,000 VND/kg.

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 6,470 USD/ton, down slightly by 0.09% compared to the previous trading session.

In other countries, the price of Brazilian black pepper ASTA 570 also remained flat at 6,000 USD/ton, and Kuching Malaysian black pepper was 8,400 USD/ton.

Price of black pepper 500 g/l and 550 g/l export of Vietnam fluctuates between 6,200 – 6,500 USD/ton.

At the same time of the survey, the price of Muntok Indonesian white pepper decreased by 0.09% and stood at 9,055 USD/ton. While Vietnamese and Malaysian white pepper are priced from 9,400 USD/ton and 10,500 USD/ton.

Update pepper information

Dak Nong province has more than 34,000 hectares of pepper, with an average yield of about 2.4 tons/ha; Total annual output reaches about 70,000 tons/year.

Dak Nong pepper ranks first in the Central Highlands and the whole country in terms of area; Ranks 2nd in the country (after Dak Lak) in terms of output. Pepper area is most concentrated in Dak Song, Dak R’lap, Dak Mil, according to Dak Nong Newspaper.

Dak Nong is developing pepper into a concentrated commodity production industry, meeting export conditions on the world market.

To date, the whole province has 322.8 hectares of pepper certified by VietGAP; 601.7 hectares are certified organic and 2,219.8 hectares meet other standards such as Fluorine, Rainforest…

The province aims to maintain about 34,000 hectares of pepper by 2025, with an output of about 73,000 tons/crop; By 2030, the area will reach about 33,600 hectares, output will be about 73,000 tons/crop. The province formed and developed 4 pepper production areas applying high technology, concentrated production areas, with a total area of ​​3,049 hectares in key pepper production areas, according to Dak Nong Newspaper.

In Binh Phuoc, the People’s Committee of Binh Phuoc province has just issued Plan No. 325/KH-UBND to implement the project to develop key industrial crops (coffee, rubber, cashew, pepper) until 2030, in Binh Phuoc province.

Accordingly, it is expected that by 2030, Binh Phuoc province’s goal is to maintain and develop the area of ​​the province’s 4 key industrial crops as planned to reach over 356,000 hectares, with an output of 659,780 tons/year.

Of which, the entire province’s pepper area is expected to reach 10,000 hectares, with an output of 25,000 tons. The goal is that by 2030, over 30% of the pepper area will be planted according to the GAP process and equivalently, the pepper area with a planting area code will reach about 20%. Continue to innovate technology, ensure quality according to ASTA, ESA, JSSA standards.

The rate of deep processing reaches about 30% of output (white pepper, ground pepper and other refined products); Black pepper ratio 70%, of which 20% ground pepper; The ratio of white pepper is 30%, of which over 25% is ground pepper.

According to VietnamBiz.vn