Pepper prices today (October 22) fluctuate between 67,500 – 71,000 VND/kg. In the past 6 days, the pepper market tended to go sideways, but some provinces and cities recorded a slight increase over the weekend.
Update domestic pepper prices
Pepper price This week tends to be stable in key provinces in the country, then increases slightly on Friday (October 20). Compared to the beginning of the week, purchasing prices of some key provinces in the Southeast region increased by 500 VND/kg.
According to the survey, the lowest price at the weekend was 67,500 VND/kg recorded in Gia Lai province.
Currently, the three provinces of Dong Nai, Dak Lak and Dak Nong have the same purchasing price of 69,000 VND/kg.
Similarly, pepper prices in Binh Phuoc and Ba Ria – Vung Tau are at 70,500 VND/kg and 71,000 VND/kg respectively.
Update pepper information
Recorded from the latest report of Department of Import and Export (Ministry of Industry and Trade), In the first 9 days of October 2023, export prices of black and white pepper in Indonesia decreased; Prices in Brazil and Vietnam are stable.
Specifically, at Lampung ASTA port of Indonesia, the export price of black pepper on October 9 decreased by 101 USD/ton compared to the end of September 2023, down to 4,168 USD/ton. At Muntok port, the export price of white pepper decreased by 41 USD/ton compared to the end of September 2023, to 6,276 USD/ton.
At the same time, in the Brazilian market, on October 9, the export price of black pepper was at 3,450 USD/ton, stable compared to the end of September 2023.
At the same time, at Vietnam’s Ho Chi Minh City port, the price of black pepper 500g/l and 550g/l on October 9 for export was at 3,500 USD/ton and 3,600 USD/ton, stable compared to end of September 2023.
In addition, the export price of white pepper is also stable compared to the end of September 2023, at 5,100 USD/ton.
On the Kochi – India floor, the prices of GARBLED, UNGARBLED, 500 grams/liter pepper are respectively: 63,200 rupees/100kg, 61,200 rupees/100kg, 60,200 rupees/100kg.
It is forecasted that the global pepper market will not prosper in the last months of the year. Despite positive information about the pepper harvest of producing countries Indonesia and Brazil, most countries recorded a decrease in exports due to low world market demand, with importers almost have purchased enough goods at the present time.
In the last 2 months of this year, it is likely that pepper imports from markets will continue to decrease due to low demand, economic recession and inflation remaining at high levels.
However, the market still has quite positive information. In India, the country’s domestic pepper price is likely to increase when the market enters the festive season – the peak season for pepper consumption.
According to VietnamBiz.vn
