Pepper prices today (March 28) continue to move sideways.
Domestic pepper prices
According to the survey, pepper prices today continue to move sideways in key provinces and cities.
Specifically, the two provinces of Dak Lak and Dak Nong still maintain trading at the highest level of 96,000 VND/kg.
Following are the two provinces of Binh Phuoc and Ba Ria – Vung Tau, anchored at 95,000 VND/kg and 95,500 VND/kg, respectively.
Traders in Gia Lai and Dong Nai are still buying pepper at the lowest price of 92,500 VND/kg.
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 27 (local time), the price of Lampung black pepper (Indonesia) decreased by 0.36%, the price of Brazilian black pepper ASTA 570 and Kuching black pepper (Malaysia). ) ASTA remains stable compared to March 26
|
Type name |
World black pepper price list (Unit: USD/ton) |
||
|
March 26 |
March 27 |
% change |
|
|
Lampung black pepper (Indonesia) |
4,413 |
4,397 |
-0.36 |
|
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 0.36%, while Malaysian ASTA white pepper prices had no new adjustments.
|
Type name |
World white pepper price list (Unit: USD/ton) |
||
|
March 26 |
March 27 |
% change |
|
|
Muntok white pepper |
6.209 |
6,187 |
-0.36 |
|
ASTA Malaysian white pepper |
7,300 |
7,300 |
0 |
In the Central Highlands and Southeast regions, this year due to the impact of El Nino, the hot weather came early, so pepper harvesting was earlier than the annual average. Harvesting is expected to end at the end of March. Money and Financial Markets Magazine reported.
Commenting on the export market, Ms. Hoang Thi Lien, President of VPSA, said that thanks to stable supply and guaranteed quality, Vietnamese pepper has advantages when penetrating markets. In particular, pepper exports to the Chinese market are expected to grow well this year. This country’s annual pepper import demand is expected to be about 65-70 thousand tons. While in the first 2 months of this year, the amount of Vietnamese pepper exported to China only reached 816 tons.
According to preliminary statistics of the Vietnam Pepper and Spice Association (VPSA), in the first 16 days of March 2024, Vietnam exported 12,368 tons of pepper, including 10,518 tons of black pepper and 1,850 tons of white pepper. about 53 million USD. The main export enterprises include: Lien Thanh: 1,276 tons, Olam Vietnam: 1,139 tons, Nedspice Vietnam: 957 tons, Phuc Sinh: 900 tons, Haprosimex JSC: 824 tons.
In February 2024, Vietnam’s average export price of pepper reached 4,050 USD/ton, an increase of 1.2% compared to January 2024 and a sharp increase of 34.7% compared to February 2023. In the first 2 months of 2024, the average export price of Vietnam’s pepper reached 4,022 USD/ton, an increase of 28.1% over the same period in 2023.
In the opposite direction, pepper imports in the first 16 days of March 2024 reached 1,943 tons, total import turnover reached 7.2 million USD. Vietnam imports mainly from Cambodia, accounting for 43.2%, reaching 840 tons, and from Brazil, accounting for 42.4%, reaching 824 tons. Main import enterprises include: Olam Vietnam: 880 tons, Pearl Group: 306 tons.
According to VietnamBiz.vn
