In the domestic market
Table of Contents
Today’s pepper price decreased by 1,000 VND/kg compared to yesterday, down to 145,000 -147,000 VND/kg.
Specifically, the two provinces of Dak Lak and Dak Nong both adjusted their trading to 147,000 VND/kg – the current highest.
Traders in Ba Ria – Vung Tau and Dong Nai are buying pepper at a lower price of 146,500 VND/kg.
The current lowest transaction level is 145,000 VND/kg, recorded in Binh Phuoc province.
Gia Lai is the only locality where the price is moving sideways at 146,000 VND/kg today.
|
Province/district (survey area) |
Purchasing price 10/11 (Unit: VND/kg) |
Change compared to the previous day (Unit: VND/kg) |
| Dak Lak |
147,000 |
-1,000 |
| Gia Lai |
146,000 |
– |
| Dak Nong |
147,000 |
-1,000 |
| Ba Ria – Vung Tau |
146,500 |
-1,000 |
| Binh Phuoc |
145,000 |
-1,000 |
| Dong Nai |
146,500 |
-1,000 |
On the world market
According to updates from the International Pepper Association (IPC), in the most recent trading session, pepper price Indonesian Lampung black was listed at 6,711 USD/ton, down slightly by 0.33%.
After many weeks of stability, black pepper prices are 500 g/l and 550 g/l export of Vietnam is adjusted down by 300 USD/ton (4.4 – 4.6%), down to 6,500 – 6,800 USD/ton.
In Brazil and Malaysia, black pepper prices were stable at 6,750 USD/ton and 8,900 USD/ton.
|
Type name |
World black pepper price list |
|
|
October 11 (Unit: USD/ton) |
% change compared to the previous day |
|
| Lampung black pepper (Indonesia) |
6,711 |
-0.33 |
| Brazilian black pepper ASTA 570 |
6,750 |
0 |
| Kuching black pepper (Malaysia) ASTA |
8,900 |
0 |
| Vietnamese black pepper (500 g/l) |
6,500 |
-4.62 |
| Vietnamese black pepper (500 g/l) |
6,800 |
-4.41 |
At the same time of the survey, the price of Muntok Indonesian white pepper decreased by 0.32%, to 8,974 USD/ton.
Particularly in Malaysia, white pepper price is stable at 11,200 USD/ton.
|
Type name |
World white pepper price list |
|
|
October 11 (Unit: USD/ton) |
% change compared to the previous day |
|
| Muntok Indonesian white pepper |
8,974 |
-0.32 |
| ASTA Malaysian white pepper |
11,200 |
0 |
| Vietnamese white pepper |
9,850 |
-3.05 |
Update pepper information
Although pepper prices show signs of decreasing slightly, they are still at a very high level compared to previous years, double the price of 67,000 VND/kg at the same time last year.
VPSA said that a recent survey to assess the current status of the three Central Highlands provinces showed that farmers’ maintenance and production of pepper is increasingly being competed with by durian and coffee .
Notably, right after the 2024 harvest, a drought lasting nearly 100 days caused many old pepper gardens to continue to degrade further. Heavy rain also occurred in mid-July in Dak Lak and Binh Phuoc, making pepper gardens susceptible to fruit loss, malnutrition, yellow leaves, waterlogging, and pest and disease infections…
Ms. Hoang Thi Lien – President of the Vietnam Pepper and Spice Association said that in the next 3-5 years, global pepper production will still not be enough to meet consumer demand, according to Vneconomy.
According to VietnamBiz.vn
