Pepper prices today (January 18) in the domestic market continue to increase, currently fluctuating between 78,500 – 81,500 VND/kg. In this morning’s session, rubber futures prices on the two exchanges increased no more than 0.5%.
Domestic pepper prices
According to the survey, pepper price ranging from 78,500 VND/kg to 81,500 VND/kg after a simultaneous increase of 500 VND/kg in key provinces in the country.
Currently, the lowest recorded price is 78,500 VND/kg in Gia Lai province and Dong Nai province.
The two provinces of Ba Ria – Vung Tau and Binh Phuoc recorded prices of 80,500 VND/kg and 81,000 VND/kg, respectively.
Similar, Pepper price today in Dak Lak and Dak Nong provinces also increased to 81,500 VND/kg respectively.
|
Province/district (survey area) |
Purchasing price (Unit: VND/kg) |
Change compared to yesterday (Unit: VND/kg) |
|
Dak Lak |
81,500 |
+500 |
|
Gia Lai |
78,500 |
+500 |
|
Dak Nong |
81,500 |
+500 |
|
BA Ria Vung Tau |
80,500 |
+500 |
|
Binh Phuoc |
81,000 |
+500 |
|
Dong Nai |
78,500 |
+500 |
World pepper prices
According to an update from the International Pepper Association (IPC) on January 17 (local time), the price of Lampung black pepper (Indonesia) decreased by 0.31% compared to January 16.
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) |
||
|
January 16 |
January 17 |
% change |
|
|
Lampung black pepper (Indonesia) |
3,922 |
3,910 |
-0.31 |
|
Brazilian black pepper ASTA 570 |
3,470 |
3,470 |
0 |
|
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 0.29% 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) |
||
|
January 16 |
January 17 |
% change |
|
|
Muntok white pepper |
6.183 |
6.165 |
-0.29 |
|
ASTA Malaysian white pepper |
7,300 |
7,300 |
0 |
According to preliminary report data from the General Department of Vietnam Customs, pepper exports in December 2023 reached 20,285 tons of pepper of all kinds, an increase of 47 tons, an increase of 0.23% compared to the previous month and a decrease of 145 tons. , a decrease of 0.71% compared to the same period last year.
The value of pepper export turnover in the month reached 77.56 million USD, down 0.14 million USD, or down 0.18% compared to the previous month and up 4.07 million USD, or up 5.54% compared to the previous month. in the same period last year.
The cumulative export volume of pepper for the whole year 2023 will reach a total of 265,897 tons of pepper of all kinds, an increase of 37,214 tons, or an increase of 16.27% compared to the export volume for the whole year 2022.
Regarding the value of export turnover for the whole year 2023, it will reach a total of 910,490 million USD, down 60.06 million USD, or down 6.19% compared to the whole year 2022.
The average export price of pepper in December 2023 reached 3,824 USD/ton, down 0.42% compared to the average export price of November 2023.
Speculation that the Fed will cut interest rates at the upcoming meeting will support commodity prices to rebound, while importers will increase purchases due to depleted reserves and concerns about supply shortages from other countries. leading producers, according to IPC, will cause the world pepper market to experience buying competition, pushing prices up as in 2021.
Vietnam has started a new harvest in early-ripening pepper areas, but there will not be a phenomenon of farmers selling massively like previous seasons due to the support of other agricultural product prices such as durian and coffee. increase, follow Giatieu.com.
According to VietnamBiz.vn
