Pepper prices today (December 9) continue to increase in the domestic market, fluctuating between 73,500 – 76,500 VND/kg.
Domestic pepper prices
According to the survey, pepper price recorded in the range of 73,500 – 76,500 VND/kg, a simultaneous increase of 500 VND/kg in localities in the country.
Currently, Dong Nai is the locality with the lowest price at 73,500 VND/kg and Gia Lai has a slightly higher price at 74,000 VND/kg.
Next, Dak Lak and Dak Nong provinces are purchasing pepper at a price of 75,000 VND/kg.
Similar, Pepper price today in Ba Ria – Vung Tau and Binh Phuoc provinces were stable at 76,000 VND/kg and 76,500 VND/kg, respectively.
|
Province/district (survey area) |
Purchasing price (Unit: VND/kg) |
Change compared to yesterday (Unit: VND/kg) |
|
Dak Lak |
75,000 |
+500 |
|
Gia Lai |
74,000 |
+500 |
|
Dak Nong |
75,000 |
+500 |
|
BA Ria Vung Tau |
76,000 |
+500 |
|
Binh Phuoc |
76,500 |
+500 |
|
Dong Nai |
73,500 |
+500 |
World pepper prices
According to an update from the International Pepper Association (IPC) on December 8 (local time), the price of Lampung black pepper (Indonesia) increased by 0.23% compared to December 7.
At the same time, the price of Brazilian black pepper ASTA 570 and Kuching (Malaysia) ASTA black pepper remained stable.
|
Type name |
World black pepper price list (Unit: USD/ton) |
||
|
December 7 |
December 8 |
% change |
|
|
Lampung black pepper (Indonesia) |
3,973 |
3,982 |
0.23 |
|
Brazilian black pepper ASTA 570 |
3,450 |
3,450 |
0 |
|
Kuching black pepper (Malaysia) ASTA |
4,900 |
4,900 |
0 |
At the same time of the survey, the price of Muntok white pepper increased by 0.23% compared to the previous session, while Malaysian ASTA white pepper prices had no new adjustments.
|
Type name |
World white pepper price list (Unit: USD/ton) |
||
|
December 7 |
December 8 |
% change |
|
|
Muntok white pepper |
6,170 |
6.184 |
0.23 |
|
ASTA Malaysian white pepper |
7,300 |
7,300 |
0 |
Recorded from the latest report of Department of Import and Export (Ministry of Industry and Trade)in October 2023, Vietnam’s pepper exports to many markets increased by 2 to 3 digits compared to the same period last year, including: India, Germany, the Netherlands, Korea, and the UK.
For the US market, pepper exports to this market increased by 20% in volume, but still decreased by 4.6% in value. In the first 10 months of 2023, pepper exports to most major markets decreased sharply compared to the same period last year, except the Philippines.
In 2023, because the average export price of pepper is lower than in 2022, it will affect the export value of the product.
In the first 10 months of 2023, Vietnam exports black pepper, ground black pepper, white pepper, ground white pepper, and the turnover all decreased compared to the same period in 2022.
The export proportion of ground black pepper, white pepper, and ground white pepper decreased. In contrast, the export proportion of ground black pepper increases from 31.09% in the first 10 months of 2022 to 65.21% in the first 10 months of 2023.
According to VietnamBiz.vn
