Update pepper price
Table of Contents
In the domestic market
Latest record, pepper price today increased from 1,000 VND to 2,000 VND.
On the world market
According to an update from the International Pepper Community (IPC) on August 18 (local time), the trading price of Lampung black pepper (Indonesia), the purchasing price of Brazilian black pepper ASTA 570 and the price of Kuching black pepper (Malaysia) ASTA remained stable compared to August 16.
|
Type name |
World black pepper price list (Unit: USD/ton) |
||
|
August 16 |
August 18 |
% change |
|
|
Lampung Black Pepper (Indonesia) |
7,412 |
7,412 |
0 |
|
Brazilian Black Pepper ASTA 570 |
6.175 |
6.175 |
0 |
|
Kuching Black Pepper (Malaysia) ASTA |
8,500 |
8,500 |
0 |
At the same time of survey, the purchase price of Muntok white pepper and the price of Malaysian ASTA white pepper had no new changes.
|
Type name |
World white pepper price list (Unit: USD/ton) |
||
|
August 16 |
August 18 |
% change |
|
|
Muntok White Pepper |
8,728 |
8,728 |
0 |
|
ASTA Malaysian White Pepper |
10,400 |
10,400 |
0 |
The value of pepper this year has increased significantly. The whole industry is expected to reach 1 billion USD this year. In the first 7 months of the year, Phuc Sinh, Vietnam’s leading pepper exporter, continued to maintain 8% of the global market share, of which the US market is the main market. In the context of good growth of the pepper industry, the company’s total export volume increased by 40%. The average export price doubled compared to the same period last year.
According to the Commodity Exchange, domestic pepper prices were recorded at VND140,000/kg, 1.75 times higher than at the beginning of this year. At its peak, pepper prices reached VND158,000/kg. The reason is that pepper supply this year has become scarce. VTV report
According to VietnamBiz.vn
