Pepper prices today, October 1, were recorded unchanged compared to yesterday.
On the world market
According to an update from the International Pepper Association (IPC), at the end of the most recent trading session, Indonesia’s Lampung black pepper price was listed at 6,939 USD/ton, down slightly by 3 USD/ton compared to the previous day.
Meanwhile, Kuching Malaysia black pepper price was adjusted to increase by 100 USD/ton, to 8,900 USD/ton.
In Brazil, the price of Brazilian black pepper ASTA 570 remained unchanged at 6,750 USD/ton. Similarly, the asking price of black pepper 500 g/l and 550 g/l of Vietnam remained flat at 6,800 USD/ton and 7,100 USD/ton.
|
Type name |
World black pepper price list |
|
|
September 30 (Unit: USD/ton) |
% change compared to the previous day |
|
| Lampung black pepper (Indonesia) |
6,939 |
-0.04 |
| Brazilian black pepper ASTA 570 |
6,750 |
0 |
| Kuching black pepper (Malaysia) ASTA |
8,900 |
+1.12 |
| Vietnamese black pepper (500 g/l) |
6,800 |
0 |
| Vietnamese black pepper (500 g/l) |
7,100 |
0 |
At the same time of the survey, the price of Muntok Indonesian white pepper decreased by 152 USD/ton (-1.64%) to reach 9,278 USD/ton.
In contrast, the price of Malaysian white pepper ASTA increased by 200 USD/ton compared to the previous trading session, to 11,400 USD/ton.
Price of white pepper export of Vietnam had no new fluctuations, trading at 10,150 USD/ton.
|
Type name |
World white pepper price list |
|
|
September 30 (Unit: USD/ton) |
% change compared to the previous day |
|
| Muntok Indonesian white pepper |
9,430 |
0 |
| ASTA Malaysian white pepper |
11,200 |
0 |
| Vietnamese white pepper |
10,150 |
0 |
On the international market, in recent weeks, black pepper prices from Vietnam have fluctuated little. Meanwhile, pepper prices from Indonesia and Brazil tend to decrease slightly, because the new crop season is taking place in these two countries.
Brazil’s pepper output this year is likely to be lower than initially expected due to harsh weather conditions and climate change negatively affecting the crop.
Pepper is also facing competition from crops that have similar growing conditions but bring better profits to farmers.
One such competitive crop is coffee . The crop’s output is also under pressure as researchers point out that rising temperatures could reduce the area suitable for growing coffee by 50%. Therefore, it is entirely possible that farmers will cut down pepper to grow coffee in the near future.
According to VietnamBiz.vn
