Pepper prices today (December 18) increased sharply in the domestic market.
Domestic pepper prices
According to the survey, pepper price fluctuating between 82,000 – 85,500 VND/kg after being adjusted to increase 2,500 – 3,500 VND/kg on weekends.
Accordingly, the lowest price recorded in Gia Lai province is 82,000 VND/kg – an increase of 2,500 VND/kg, slightly higher is Dong Nai province with a price of 82,500 VND/kg – an increase of 3,000 VND/kg.
The three provinces of Dak Lak, Dak Nong and Ba Ria – Vung Tau are having the same price of 85,000 VND/kg, of which Ba Ria – Vung Tau province increased to 3,500 VND/kg and the remaining two provinces increased to 3,000 VND/kg.
Similarly, today’s pepper price in Binh Phuoc province also increased by 3,500 VND/kg to 85,500 VND/kg.
|
Province/district (survey area) |
Purchasing price (Unit: VND/kg) |
Change compared to yesterday (Unit: VND/kg) |
|
Dak Lak |
85,000 |
+3,000 |
|
Gia Lai |
82,000 |
+2,500 |
|
Dak Nong |
85,000 |
+3,000 |
|
BA Ria Vung Tau |
85,000 |
+3,500 |
|
Binh Phuoc |
85,500 |
+3,500 |
|
Dong Nai |
82,500 |
+3,000 |
World pepper prices
According to an update from the International Pepper Association (IPC) on December 15 (local time), the price of Lampung black pepper (Indonesia) decrease 0.05% compared to December 14.
At the same time, the price of Brazilian black pepper ASTA 570 and Kuching (Malaysia) ASTA black pepper remained stable.
|
Type name |
World black pepper price list (Unit: USD/ton) |
||
|
December 14 |
December 15 |
% change |
|
|
Lampung black pepper (Indonesia) |
3,873 |
3,871 |
-0.05 |
|
Brazilian black pepper ASTA 570 |
3,500 |
3,550 |
1.4 |
|
Kuching black pepper (Malaysia) ASTA |
4,900 |
4,900 |
0 |
At the same time of the survey, the price of Muntok white pepper decreased by 0.07% compared to the previous session, while Malaysian ASTA white pepper prices had no new adjustments.
|
Type name |
World white pepper price list (Unit: USD/ton) |
||
|
December 14 |
December 15 |
% change |
|
|
Muntok white pepper |
6,079 |
6,075 |
-0.07 |
|
ASTA Malaysian white pepper |
7,300 |
7,300 |
0 |
According to statistics from the International Trade Center (ITC), in the first 10 months of 2023, Korea imported pepper to approximately 4.54 thousand tons, worth 21.47 million USD, down 27.1%. in volume and down 32.3% in value compared to the same period last year.
In the first 10 months of this year, the average import price of Korean pepper from the world reached 4,732 USD/ton, down 7.1% over the same period last year. In particular, the average import price of Korean pepper decreased from most supply sources, except the US.
Also during this period, Korea imported pepper from 20 countries and territories around the world. Of which, Korea imported pepper mainly from Vietnam, reaching 4.1 thousand tons, worth 18.2 million USD, down 26.4% in volume and down 33.5% in value over the same period. last year.
Vietnam’s pepper market share in Korea’s total imports increased slightly from 89.59% in the first 10 months of 2022 to 90.47% in the first 10 months of 2023.
In contrast, Korea increased pepper imports from the Malaysian market in the first 10 months of 2023, up 5.7% in volume, but down 8.8% in value, reaching 340 tons, down to 1.91 million USD.
Malaysia’s pepper market share in Korea’s total imports from the world increased from 5.16% in the first 10 months of 2022 to 7.49% in the first 10 months of 2023. In addition, Korea imported a large amount of pepper. quite low from the markets of Cambodia, India, and the US, recorded from the latest report of Department of Import and Export (Ministry of Industry and Trade).
According to VietnamBiz.vn
