On the world market
Update from the International Pepper Association (IPC), in the most recent trading session, the price of Lampung Indonesian black pepper was listed at 6,557 USD/ton, down 2.27% (149 USD/ton) compared to the trading session. most recent translation.
The price of Brazilian black pepper ASTA 570 decreased by 5% (300 USD/ton), to 6,000 USD/ton.
Similarly, black pepper prices are 500 g/l and 550 g/l export of Vietnam simultaneously decreased by 300 USD/ton, fluctuating between 6,200 – 6,500 USD/ton.
Particularly, the price of Kuching Malaysia black pepper continued to level at 8,400 USD/ton.
|
Type name |
World black pepper price list |
|
|
November 12 (Unit: USD/ton) |
% change compared to the previous day |
|
|
Lampung black pepper (Indonesia) |
6,557 |
-2.27 |
|
Brazilian black pepper ASTA 570 |
6,000 |
-5.00 |
|
Kuching black pepper (Malaysia) ASTA |
8,400 |
0.0 |
|
Vietnamese black pepper (500 g/l) |
6,200 |
-1.54 |
|
Vietnamese black pepper (500 g/l) |
6,500 |
-1.06 |
At the same time of the survey, the price of Muntok Indonesian white pepper decreased slightly by 3 USD/ton, reaching 9,177 USD/ton.
Meanwhile, the price of Vietnamese white pepper decreased by 100 USD/ton, to 9,400 USD/ton.
Malaysian traders still maintain the white pepper offering price at 10,500 USD/ton.
|
Type name |
World white pepper price list |
|
|
November 12 (Unit: USD/ton) |
% change compared to the previous day |
|
|
Muntok Indonesian white pepper |
9,177 |
-0.03 |
|
ASTA Malaysian white pepper |
10,500 |
0.0 |
|
Vietnamese white pepper |
9,400 |
-1.06 |
Update pepper information
Mr. Hoang Phuoc Binh, Vice Chairman of the Chu Se Pepper Association (Gia Lai), said that the price decrease in Vietnam is because Indonesia has just entered the harvest season. On the other hand, because it is at the beginning of the season coffee So many agents take advantage of selling pepper in warehouses to buy coffee.
Mr. Binh forecasts that the price of pepper in the 2025 crop will be higher than in the 2024 crop (the highest was 160 thousand VND/kg). The first reason is that the prolonged heat in early 2024 is greatly affecting pepper productivity, leading to a continued decrease in output in 2025.
Not only Vietnam, output is also forecast to decrease in many other countries. Meanwhile, most pepper growers in Vietnam currently have other sources of income from coffee, durian…, so they are not in a hurry to sell after harvesting but will wait until they see a better price to sell, according to Agriculture Newspaper.
Regarding the world market, Department of Export import It is forecasted that in the short term, world pepper prices will fluctuate in a downward trend. However, the downward trend will not last long due to limited supply and increased import demand due to seasonal factors.
In major import markets, demand increased in the US, EU and Asia, but in the Middle East and China remained quiet. Inventory levels have decreased significantly, causing people and dealers to limit sales.
Currently, Brazil is the second largest producer and exporter of black pepper in the world, accounting for 17-18% of global supply. However, due to reduced output, Brazil’s pepper exports in the 2024 season decreased for the third consecutive year.
Meanwhile, Vietnam’s new 2025 pepper crop is expected to be 1 month later. This will create a certain shortage of supply, which will have a positive impact on world pepper prices.
According to VietnamBiz.vn
