Pepper market October 26, 2023: Maintaining stability in the domestic market

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Pepper price today (October 26) in the domestic market remains in the range of 67,000 – 70,500 VND/kg.

Domestic pepper prices

According to the survey, pepper price recorded in the range of 67,000 – 70,500 VND/kg in key provinces in the country.

Currently, the lowest price is recorded in Gia Lai province at 67,000 VND/kg.

Next are Dong Nai, Dak Lak and Dak Nong with a general purchasing price of 68,500 VND/kg.

Similar, Pepper price today in Binh Phuoc and Ba Ria – Vung Tau were stable at 70,000 VND/kg and 70,500 VND/kg, respectively.

Province/district (survey area)

Purchasing price (Unit: VND/kg)

Change compared to yesterday (Unit: VND/kg)

Dak Lak

68,500

Gia Lai

67,000

Dak Nong

68,500

BA Ria Vung Tau

70,500

Binh Phuoc

70,000

Dong Nai

68,500

World pepper prices

According to an update from the International Pepper Association (IPC) on October 25 (local time), the price of Lampung black pepper (Indonesia) decreased by 0.02% compared to October 24.

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)

October 24

October 25

% change

Lampung black pepper (Indonesia)

4.105

4.104

-0.02

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 0.02% 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)

October 24

October 25

% change

Muntok white pepper

6.181

6,180

-0.02

ASTA Malaysian white pepper

7,300

7,300

0

According to records, the businesses leading the list of pepper exporters in the first 9 months of 2023 include: Nedspice reaching 13,541 tons, an increase of 1%; Olam Vietnam reached 13,408 tons, down 37.3%; Pearl reached 13,250 tons, down 37.1% and Phuc Sinh reached 11,607 tons, down 1.1%.

According to VietnamBiz.vn

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