Update pepper price
Table of Contents
In the domestic market
Latest record, pepper price today is flat across the board.
Currently, the highest transaction price is 149,000 VND/kg, continuing to be recorded in Dak Lak, Dak Nong, Ba Ria – Vung Tau and Dong Nai.
Traders in Gia Lai and Binh Phuoc still trade pepper at 148,000 VND/kg.
|
Province/district (survey area) |
Purchase price (Unit: VND/kg) |
Change from yesterday (Unit: VND/kg) |
|
Dak Lak |
149,000 |
|
|
Gia Lai |
148,000 |
|
|
Dak Nong |
149,000 |
|
|
BA Ria Vung Tau |
149,000 |
|
|
Binh Phuoc |
148,000 |
|
|
Dong Nai |
149,000 |
On the world market world
According to the update from the International Pepper Community (IPC) on August 1 (local time), the trading price of Lampung black pepper (Indonesia), the purchase price of Brazilian black pepper ASTA 570 and the price of Kuching black pepper (Malaysia) ASTA remained stable compared to July 31, up 0.31%.
| Type name |
World black pepper price list (Unit: USD/ton) |
||
|
July 31 |
August 1 |
% change |
|
|
Lampung Black Pepper (Indonesia) |
7,150 |
7,172 |
+0.31 |
|
Brazilian Black Pepper ASTA 570 |
6,850 |
6,850 |
0 |
|
Kuching Black Pepper (Malaysia) ASTA |
7,500 |
7,500 |
0 |
At the same time of survey, the purchase price of Muntok white pepper increased by 0.31% and the price of Malaysian ASTA white pepper had no new changes.
|
Type name |
World white pepper price list (Unit: USD/ton) |
||
|
July 31 |
August 1 |
% change |
|
|
Muntok White Pepper |
8,761 |
8,788 |
+0.31 |
|
ASTA Malaysian White Pepper |
8,800 |
8,800 |
0 |
In the second quarter of this year, domestic pepper prices witnessed a record increase from VND92,000 – 94,000/kg in early April to VND180,000/kg on June 11, an increase of 90% in just over two months and the highest level in the past 8 years. Pepper prices then adjusted down to VND153,000 – 157,000/kg at the end of June.
Thus, by the end of the second quarter, domestic pepper prices had increased by about 93% compared to the beginning of the year and 2.3 times higher than the same period last year.
Pepper prices have skyrocketed in recent times mainly due to concerns about global supply shortages, especially in two countries that determine the world’s supply, Brazil and Vietnam, both of which have seen reduced production due to drought caused by El Nino weather factors. Meanwhile, demand has increased in some major consumer markets such as the US and EU.
According to VietnamBiz.vn
