See more: Pepper prices today November 18
Pepper price today continues to remain stable at 139,000 – 140000 VND/kg in key provinces and cities.
Among them, traders in Dak Nong province are purchasing pepper at the highest price of 140,000 VND/kg. Next is Dak Lak province with 139,500 VND/kg.
And in the provinces of Gia Lai, Ba Ria – Vung Tau, Binh Phuoc and Dong Nai, pepper price are being purchased at 139,000 VND/kg.
|
Province/district (survey area) |
Purchase price November 19 (Unit: VND/kg) |
Change compared to the previous day (Unit: VND/kg) |
| Dak Lak |
139,500 |
– |
| Gia Lai |
139,000 |
– |
| Dak Nong |
140,000 |
– |
| Ba Ria – Vung Tau |
139,000 |
– |
| Binh Phuoc |
139,000 |
– |
| Dong Nai |
139,000 |
– |
On the world market
Update from the International Pepper Association (IPC), at the end of the most recent trading session, world black pepper prices had no new fluctuations.
Lampung Indonesian black pepper is listed at 6,470 USD/ton, Brazilian black pepper ASTA 570 is priced at 6,000 USD/ton, and Kuching Malaysian black pepper is listed at 8,400 USD/ton.
Price of black pepper 500 g/l and 550 g/l export of Vietnam continues to fluctuate between 6,200 – 6,500 USD/ton.
|
Type name |
World black pepper price list |
|
|
November 19 (Unit: USD/ton) |
% change compared to the previous day |
|
|
Lampung black pepper (Indonesia) |
6,470 |
– |
|
Brazilian black pepper ASTA 570 |
6,000 |
– |
|
Kuching black pepper (Malaysia) ASTA |
8,400 |
– |
|
Vietnamese black pepper (500 g/l) |
6,200 |
– |
|
Vietnamese black pepper (500 g/l) |
6,500 |
– |
At the same time of the survey, the price of Indonesian Muntok white pepper reached 9,055 USD/ton. While Vietnamese white pepper and Malaysian white pepper stood at higher levels of 9,400 USD/ton and 10,500 USD/ton.
|
Type name |
World white pepper price list |
|
|
November 19 (Unit: USD/ton) |
% change compared to the previous day |
|
|
Muntok Indonesian white pepper |
9,055 |
– |
|
ASTA Malaysian white pepper |
10,500 |
– |
|
Vietnamese white pepper |
9,400 |
– |
Update pepper information
Preliminary statistics of VPSA, in the first 15 days of November, Vietnam exported 8,082 tons of pepper of all kinds, with a total turnover of 55.4 million USD, down 10.6% in volume and 5% in turnover compared to the last half. early October.
Nedspice, Pearl and Olam Vietnam are the three largest export enterprises in the first half of November reaching 988 tons, 895 tons and 865 tons respectively. Meanwhile, the largest export market for Vietnamese pepper is still the US with 2,362 tons, accounting for 29.2% of the market share.
Accumulated from the beginning of the year to November 15, Vietnam exported a total of 234,824 tons of pepper, with a turnover of 1.17 billion USD, down 3.1% in volume but up 47.3% in turnover compared to the previous year. same period last year. The average export price of pepper reached 5,129 USD, a sharp increase of 52.1% (1,757 USD/ton).
In the opposite direction, in the first half of November, Vietnam had import 2,484 tons of pepper, turnover reached 14.3 million USD, compared to the first half of October, import volume increased by 8.2%. Olam Vietnam and Harris Spice are the two main importers reaching 894 tons, accounting for 36.0% and 530 tons, accounting for 21.3%. Meanwhile, Indonesia continues to be the largest pepper supplier to Vietnam, accounting for 82.3%, reaching 2,045 tons.
Thus, from the beginning of the year to November 15, Vietnam imported 31,080 tons of pepper, with a turnover of 145.6 million USD, a sharp increase over the same period and far exceeding the number of 26,538 tons that businesses imported in the past year. all year 2023.
The Import-Export Department forecasts that in the last months of this year, Vietnam’s pepper export activities will not be favorable because domestic supply is not much and demand from China is still low.
It is expected that in early 2025, our country’s pepper exports will be favorable thanks to the expected strong increase in purchasing demand from the Chinese market. Meanwhile, after Indonesia’s most recent harvest, until February 2025, the world pepper supply had not yet had a significant addition. This is said to be a favorable factor when Vietnam enters the new harvest season of 2025.
According to VietnamBiz.vn
