Domestic pepper prices
According to the survey, pepper prices today decreased by another 500 VND/kg in the provinces and cities.
Among them, Dong Nai has the lowest trading price at 89,500 VND/kg.
Traders in Gia Lai, Dak Nong and Ba Ria – Vung Tau are buying pepper at the same price of 90,000 VND/kg.
The highest pepper prices are currently in the two provinces of Dak Lak and Binh Phuoc.
|
Province/district (survey area) |
Purchasing price (Unit: VND/kg) |
Change compared to yesterday (Unit: VND/kg) |
|
Dak Lak |
90,500 |
-500 |
|
Gia Lai |
90,000 |
-500 |
|
Dak Nong |
90,000 |
-500 |
|
BA Ria Vung Tau |
90,000 |
-500 |
|
Binh Phuoc |
90,500 |
-500 |
|
Dong Nai |
89,500 |
-500 |
World pepper prices
According to an update from the International Pepper Association (IPC) on April 12 (local time), Lampung black pepper prices (Indonesia), Brazilian black pepper prices ASTA 570 and Kuching black pepper prices (Malaysia) ASTA remained stable. compared to April 11.
|
Type name |
World black pepper price list (Unit: USD/ton) |
||
|
April 11 |
April 12 |
% change |
|
|
Lampung black pepper (Indonesia) |
4,463 |
4,463 |
0 |
|
Brazilian black pepper ASTA 570 |
4,450 |
4,450 |
0 |
|
Kuching black pepper (Malaysia) ASTA |
4,900 |
4,900 |
0 |
At the same time of the survey, Muntok white pepper prices, while Malaysian ASTA white pepper prices had no new adjustments.
|
Type name |
World white pepper price list (Unit: USD/ton) |
||
|
April 11 |
April 12 |
% change |
|
|
Muntok white pepper |
6,179 |
6,179 |
0 |
|
ASTA Malaysian white pepper |
7,300 |
7,300 |
0 |
After increasing by more than 30% in the three months from December 2023 to February this year, black pepper prices in the domestic market have leveled off and are showing signs of cooling down.
As of the trading session on April 10, black pepper prices in the Central Highlands and Southeast regions fluctuated between 90,000 – 91,000 VND/kg, down 2,000 – 6,000 VND/kg (corresponding to 2 – 6%) compared to late last month.
Pepper prices decreased in the context of additional supply from the 2023-2024 harvest. Meanwhile, pepper exports decreased significantly compared to the same period last year due to the lack of Chinese buying demand.
Preliminary statistics from the Vietnam Pepper and Spice Association (VPSA) show that Vietnam’s pepper exports in March reached 25,579 tons, down 28.8% in volume over the same period last year. 2023.
Accumulated to the end of the first quarter, Vietnam exported 56,712 tons of pepper of all kinds, with a turnover of 235.6 million USD, down 26.1% in volume (equivalent to 20,015 tons) and down 0.1% in value. turnover compared to the same period last year.
In particular, exports to China – Vietnam’s largest pepper consumption market last year decreased by 95.8%, reaching only 1,083 tons compared to 25,919 tons in the same period. This number is even lower than the 2,138 tons achieved in the first quarter of 2022, when China was closed due to the COVID-19 pandemic.
This result makes China fall to 14th place in Vietnam’s pepper export market in the first quarter, accounting for 1.9% market share compared to 33.8% in the same period.
According to VietnamBiz.vn
