Pepper Market on August 29, 2024: Stable in localities

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Update pepper price

In the domestic market

According to a survey, pepper prices today continued to increase by 500 VND/kg in Gia Lai province to 144,000 VND/kg, equal to Dak Lak and Dak Nong provinces.

Lower at 143,000 VND/kg is the pepper transaction price in Ba Ria – Vung Tau, Binh Phuoc and Dong Nai.

Province/district (survey area)

Purchase price (Unit: VND/kg)

Change from yesterday (Unit: VND/kg)

Dak Lak

144,000

Gia Lai

144,000

+500

Dak Nong

144,000

Ba Ria – Vung Tau

143,000

Binh Phuoc

143,000

Dong Nai

143,000

On the world market world

According to an update from the International Pepper Community (IPC) on August 28 (local time), the trading price of Lampung black pepper (Indonesia), the purchasing price of Brazilian black pepper ASTA 570 and the price of Kuching black pepper (Malaysia) ASTA remained stable compared to August 27.

Type name

World black pepper price list (Unit: USD/ton)

August 27

August 28

% change

Lampung Black Pepper (Indonesia)

7.511

7.511

0

Brazilian Black Pepper ASTA 570

6,450

6,450

0

Kuching Black Pepper (Malaysia) ASTA

8,500

8,500

0

At the same time of survey, the purchase price of Muntok white pepper and the price of Malaysian ASTA white pepper had no new changes.

Type name

World white pepper price list (Unit: USD/ton)

August 27

August 28

% change

Muntok White Pepper

8,844

8,840

0

ASTA Malaysian White Pepper

10,400

10,400

0

Pepper prices have recently returned to an upward trend after about two months of downward adjustment. As of August 27, pepper prices were trading at VND144,000/kg, recovering from a two-month low set in mid-August of VND137,000/kg.

Looking at the broader picture, pepper prices have skyrocketed this year, with current levels doubling since the beginning of the year. At its peak in June, pepper prices reached a near eight-year high of VND180,000/kg.

According to VietnamBiz.vn

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