In the domestic market
Latest record, pepper price today is stable nationwide.
In particular, traders in Gia Lai and Binh Phuoc continue to buy pepper at 149,000 VND/kg.
Dak Lak, Dak Nong, Ba Ria – Vung Tau and Dong Nai provinces are all anchored at 150,000 VND/kg.
|
Province/district (survey area) |
Purchase price (Unit: VND/kg) |
Change from yesterday (Unit: VND/kg) |
|
Dak Lak |
150,000 |
– |
|
Gia Lai |
149,000 |
– |
|
Dak Nong |
150,000 |
– |
|
BA Ria Vung Tau |
150,000 |
– |
|
Binh Phuoc |
149,000 |
– |
|
Dong Nai |
150,000 |
– |
On the world market world
According to an update from the International Pepper Community (IPC) on July 28 (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 July 26.
|
Type name |
World black pepper price list (Unit: USD/ton) |
||
|
July 26 |
July 28 |
% change |
|
|
Lampung Black Pepper (Indonesia) |
7.161 |
7.161 |
0 |
|
Brazilian Black Pepper ASTA 570 |
7.125 |
7.125 |
0 |
|
Kuching Black Pepper (Malaysia) ASTA |
7,500 |
7,500 |
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) |
||
|
July 26 |
July 28 |
% change |
|
|
Muntok White Pepper |
9,118 |
9,118 |
0 |
|
ASTA Malaysian White Pepper |
8,800 |
8,800 |
0 |
Reduced output from Brazil and Vietnam, the world’s two leading pepper producing countries, has pushed international pepper prices up continuously in the first months of this year. In particular, the market has witnessed unprecedented volatility in the second quarter of this year.
Accordingly, the export price of black pepper from Indonesia and Brazil increased by 93.1% and 2.3 times respectively in a short period from the beginning of the second quarter to mid-June, while Vietnam also recorded an increase of 70 – 83% during the above period.
In the following weeks, the market corrected and stabilized somewhat, but still fluctuated at its highest level in the past 8 years.
Domestically, pepper prices also witnessed a record increase from VND92,000-94,000/kg from early April to a peak of VND180,000/kg on June 11, an increase of 90% in just over two months and the highest level in the past 8 years. Pepper prices then adjusted down to VND153,000-157,000/kg at the end of June.
Thus, by the end of the second quarter, domestic pepper prices had increased by about 93% compared to the beginning of the year and 2.3 times higher than the same period last year.
According to VietnamBiz.vn
