On the world market
On the world market, pepper prices did not record new fluctuations.
The International Pepper Association (IPC) is listing the price of Lampung Indonesian black pepper at 6,470 USD/ton, Brazilian ASTA 570 black pepper at 6,000 USD/ton, and Kuching Malaysia black pepper at 8,400 USD/ton.
Price of black pepper 500 g/l and 550 g/l export of Vietnam fluctuates between 6,200 – 6,500 USD/ton.
|
Type name |
World black pepper price list |
|
|
November 25 (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 stood at 9,055 USD/ton. While Vietnamese white pepper and Malaysian white pepper are priced at 9,400 USD/ton and 10,500 USD/ton.
|
Type name |
World white pepper price list |
|
|
November 25 (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
In a recent report, Ptexim said demand is still weak in major markets such as the US, EU, Middle East and China.
Harvest season coffee happening attracts the attention and capital of investors, which may cause cash flow to withdraw from pepper. This competition for investment may lead to a reduced focus on pepper production and trading, contributing to the recorded price decline.
In 2024, Vietnamese coffee prices are also at a good level and this is Vietnam’s main harvest season. At the same time, this is also the time when countries around the world focus on buying coffee from Vietnam.
However, pepper inventories have decreased sharply, with current stocks mainly held by a small number of agents and export companies. import . Therefore, Ptexim predicts that the upcoming market trend could see significant fluctuations, especially when inventories are low and there are signs that the upcoming crop will decrease.
According to recent surveys, in Ba Ria – Vung Tau, one of the main pepper growing areas in Vietnam, pepper production has recorded a sharp decline of about 50%. This serious decline is believed to be due to many factors, of which climate change is the most important cause. Unpredictable weather patterns, including irregular rainfall and extreme temperatures, have negatively affected pepper growth and productivity.
The tariffs proposed by US President-elect Donald Trump could encourage US importers to increase purchases before the tariffs are applied, which could lead to a sharp increase in prices. container freight.
Urgent and rising demand for imports is likely to cause a sharp increase in shipping costs by 2025. However, 2026 could see a significant decline in these costs as The US strives to reduce its inventories.
According to VietnamBiz.vn
