Surveyed today (October 8), pepper prices decreased by 500 VND in localities.
In the domestic market
Table of Contents
Recorded today, pepper prices simultaneously decreased by 500 VND/kg in key provinces and cities, fluctuating at 146,000 – 147,000 VND/kg.
Specifically, after adjusting to reduce 500 VND/kg, pepper price In the two provinces of Dak Lak and Dak Nong, it was brought to 147,000 VND/kg.
Pepper prices in Ba Ria – Vung Tau province and Dong Nai province were brought to 146,500 VND/kg.
The province with the lowest trading price today is Gia Lai, reaching 146,000 VND/kg.
Meanwhile, Binh Phuoc is the only locality with a flat price at 147,000 VND/kg.
| Province/district (survey area) | Purchase price 8/10
(Unit: VND/kg) |
Change compared to the previous day (Unit: VND/kg) |
| Dak Lak | 147,000 | -500 |
| Gia Lai | 146,000 | -500 |
| Dak Nong | 147,000 | -500 |
| Ba Ria – Vung Tau | 146,500 | -500 |
| Binh Phuoc | 147,000 | – |
| Dong Nai | 146,500 | -500 |
On the world market
According to updates from the International Pepper Association (IPC), in the most recent trading session, the price of Lampung Indonesian black pepper was listed at 6,702 USD/ton, down 1.2% (80 USD/ton) compared to the previous session. previous transaction.
Elsewhere, prices were generally quite stable with Brazilian black pepper ASTA 570 reaching 6,850 USD/ton, and Kiching Malaysian black pepper reaching 8,900 USD/ton.
Price of black pepper 500 g/l and 550 g/l export of Vietnam continues to move sideways in the range of 6,800 – 7,100 USD/ton.
| Type name | World black pepper price list | |
| October 8 (Unit: USD/ton) | % change compared to the previous day | |
| Lampung black pepper (Indonesia) | 6,702 | -1.19 |
| Brazilian black pepper ASTA 570 | 6,850 | 0 |
| 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 1.2% (107 USD/ton), to 8,961 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 8 (Unit: USD/ton) | % change compared to the previous day | |
| Muntok Indonesian white pepper | 8,961 | -1.19 |
| ASTA Malaysian white pepper | 11,200 | 0 |
| Vietnamese white pepper | 10,150 | 0 |
Update pepper information
Mr. Marcellus Giovanni, CEO of Brazspice Spices International, said that currently many agricultural companies, agents and intermediaries in Vietnam are actively selling black pepper. This activity is mainly driven by liquidity needs, as sellers seek to raise capital to invest in coffee, an agricultural product that is in harvest season.
Price coffee at high levels due to falling yields and rising global demand, making coffee the more lucrative option at the moment.
Meanwhile, China’s economy in 2024 has faced many challenges, including slow growth, reduced consumer demand and difficulties with foreign currency reserves.
These problems have affected the level import China’s general situation, as businesses prioritize essential goods over items such as pepper. Cautious spending and reduced purchasing power have limited imports in many sectors, including spices.
Data from the General Statistics Office shows that Vietnam’s pepper exports in September were estimated at 17,707 tons, worth 110.5 million USD, down 8.8% in volume and 5.4% in value compared to the previous year. Last month, compared to the same period last year, it decreased by 2.2% in volume but increased by 63.7% in value.
In the first 9 months of the year, the export of this item known as “black gold” reached 200,637 tons, worth nearly 990 million USD, down 2.6% in volume but increased sharply by 45% in value over the same period thanks to prices increased.
In the first 9 months of this year, Vietnam’s pepper exports to many main markets increased compared to the same period last year, but China alone decreased sharply. This is also one of the main factors causing Vietnam’s overall pepper export volume to be lower than the same period in 2023.
According to VietnamBiz.vn
