Pepper prices today (November 23) were adjusted to increase to about 69,000 – 72,000 VND/kg in key provinces in the country.
Domestic pepper prices
According to the survey, pepper price ranges from 69,000 VND/kg to 72,000 VND/kg in the domestic market.
Compared to yesterday, pepper prices in the Central Highlands and Southeast provinces recorded an increase of 500 VND/kg, only Binh Phuoc province adjusted the price to increase by 1,000 VND/kg.
Currently, Dong Nai is the locality with the lowest price at 69,000 VND/kg, slightly higher is Gia Lai at 69,500 VND/kg.
The two provinces of Dak Lak and Dak Nong are purchasing pepper at the same price of 70,500 VND/kg.
Accordingly, Pepper price today In Binh Phuoc and Ba Ria – Vung Tau, it is listed at the same price of 72,000 VND/kg.
|
Province/district (survey area) |
Purchasing price (Unit: VND/kg) |
Change compared to yesterday (Unit: VND/kg) |
|
Dak Lak |
70,500 |
+500 |
|
Gia Lai |
69,500 |
+500 |
|
Dak Nong |
70,500 |
+500 |
|
BA Ria Vung Tau |
72,000 |
+500 |
|
Binh Phuoc |
72,000 |
+1,000 |
|
Dong Nai |
69,000 |
+500 |
World pepper prices
According to an update from the International Pepper Association (IPC) on November 22 (local time), the price of Lampung black pepper (Indonesia) decreased by 0.94% compared to November 21.
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) |
||
|
November 21 |
November 22 |
% change |
|
|
Lampung black pepper (Indonesia) |
4,072 |
4,034 |
-0.94 |
|
Brazilian black pepper ASTA 570 |
3,450 |
3,450 |
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 0.96% 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) |
||
|
November 21 |
November 22 |
% change |
|
|
Muntok white pepper |
6,282 |
6,222 |
-0.96 |
|
ASTA Malaysian white pepper |
7,300 |
7,300 |
0 |
According to the page peppertrade, Brazilian pepper offering prices are still more attractive than domestic raw material prices due to being affected by the devaluation of the Brazilian real compared to the US dollar. Accordingly, the most recent recorded price in Espírito Santo state is 13.5 reals/kg and in Pará state the price is about 12.5 reals/kg.
Regarding the situation of pepper production in Brazil, farmers are currently deeply concerned about the lack of rain that has affected and led to mass crop deaths, this problem has been reported recently by the state of Para. This.
Accordingly, the current drought weather conditions are described as “worse than what the state has ever seen”, which is very alarming and could certainly lead to a high rate of damaged pepper trees, affecting to upcoming output.
Records show that Brazil exported about 7,376 tons of pepper in October 2023, bringing total output to about 65 thousand tons in the first 10 months of 2023, down about 6% compared to the level recorded in the same period last year. last.
Of which, Vietnam is still the leading pepper importer from Brazil with about 13.7 thousand tons, followed by UAE 6.1 thousand tons, Morocco 5.4 thousand tons, Senegal 5.2 thousand tons, Pakistan 5. ,1 thousand tons.
Both Vietnam and the UAE have low import rates, about 12% and 18% respectively compared to the imports recorded last year.
According to VietnamBiz.vn
