Pepper market October 4, 2024: Discount 500 – 1,000 VND in most localities

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On October 4, domestic pepper prices simultaneously decreased by 500 – 1,000 VND/kg. On the world market, according to the latest records, Brazilian pepper prices were adjusted to increase by 150 USD/ton, while Indonesian pepper prices continued to go down.

In the domestic market

Latest records, today’s pepper prices simultaneously decreased by 500 – 1,000 VND in the Central Highlands and Southeast regions, ranging from 147,000 – 148,000 VND/kg.

Specifically, after reducing 1,000 VND, pepper price In two provinces, Dak Lak and Binh Phuoc, it is being traded at 148,000 VND/kg.

Pepper prices in Dak Nong and Gia Lai provinces both decreased by 500 VND, trading at 148,000 VND/kg and 147,000 VND/kg respectively.

Meanwhile, pepper prices in Dong Nai province and Ba Ria – Vung Tau province were flat at 148,000 VND/kg.

Province/district

(survey area)

Purchase price on October 4

(Unit: VND/kg)

Change compared to the previous day (Unit: VND/kg)

Dak Lak

148,000

-1,000

Gia Lai

147,000

-500

Dak Nong

148,000

-500

Ba Ria – Vung Tau

148,000

Binh Phuoc

148,000

-1,000

Dong Nai

148,000

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 6,826 USD/ton, continuing to decrease by nearly 1% (66 USD/ton). compared to the previous trading session.

In contrast, the price of Brazilian black pepper ASTA 570 increased again by 150 USD/ton (+2.1%), to 6,850 USD/ton.

Kuching Malaysia black pepper price continued to move sideways at 8,900 USD/ton.

Similarly, the price of black pepper 500 g/l and 550 g/l in Vietnam remained stable at 6,800 USD/ton and 7,100 USD/ton.

Type name

World black pepper price list

October 3 (Unit: USD/ton)

% change compared to the previous day

Lampung black pepper (Indonesia)

6,826

-0.97

Brazilian black pepper ASTA 570

6,850

+2.19

Kuching black pepper (Malaysia) ASTA

8,900

0

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 1%, to 9,128 USD/ton.

In Vietnam and Malaysia, white pepper prices remained stable at 10,150 USD/ton and 11,400 USD/ton.

Type name

World white pepper price list

October 3 (Unit: USD/ton)

% change compared to the previous day

Muntok Indonesian white pepper

9.128

-0.97

ASTA Malaysian white pepper

11,200

0

Vietnamese white pepper

10,150

0

According to preliminary data from the General Department of Customs, accumulated until the end of September, export Pepper reached 203,000 tons, earning more than 1 billion USD, down 1.5% in volume but up 46.9% in value. The reason is because export pepper prices increased sharply by 49.2% over the same period last year, to 4,941 USD/ton.

Notably, last September, the average price of exported “black gold” products reached 6,239 USD/ton, up 67.5% compared to the same month last year and this is also the month that recorded high export prices. most in many years. Rising pepper prices also cause commercial fraud cases to increase.

According to VietnamBiz.vn

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