Pepper prices today (January 25) in key provinces in the country still range from 80,000 VND/kg to 82,500 VND/kg. In this morning’s session, rubber futures prices on the two exchanges increased by more than 0.5%.
Domestic pepper prices
According to the survey, pepper price recorded in the range of 80,000 – 82,500 VND/kg in the domestic market, with no new adjustment compared to yesterday.
Currently, Gia Lai and Dong Nai are the localities with the lowest prices at 80,000 VND/kg. Next is Ba Ria – Vung Tau province with a price of 82,000 VND/kg.
Similar, Pepper price today In Binh Phuoc, Dak Lak and Dak Nong provinces, it was stable at 82,500 VND/kg, respectively.
|
Province/district (survey area) |
Purchasing price (Unit: VND/kg) |
Change compared to yesterday (Unit: VND/kg) |
|
Dak Lak |
82,500 |
– |
|
Gia Lai |
80,000 |
– |
|
Dak Nong |
82,500 |
– |
|
BA Ria Vung Tau |
82,000 |
– |
|
Binh Phuoc |
82,500 |
– |
|
Dong Nai |
80,000 |
– |
World pepper prices
According to an update from the International Pepper Association (IPC) on January 24 (local time), prices of Lampung black pepper (Indonesia), Brazilian black pepper ASTA 570 and Kuching black pepper (Malaysia) ASTA remain stable. determined.
|
Type name |
World black pepper price list (Unit: USD/ton) |
||
|
January 23 |
January 24 |
% change |
|
|
Lampung black pepper (Indonesia) |
3,913 |
3,913 |
0 |
|
Brazilian black pepper ASTA 570 |
3,470 |
3,470 |
0 |
|
Kuching black pepper (Malaysia) ASTA |
4,900 |
4,900 |
0 |
At the same time of the survey, the prices of Muntok white pepper and Malaysian ASTA white pepper had no new adjustments.
|
Type name |
World white pepper price list (Unit: USD/ton) |
||
|
January 23 |
January 24 |
% change |
|
|
Muntok white pepper |
6.169 |
6.169 |
0 |
|
ASTA Malaysian white pepper |
7,300 |
7,300 |
0 |
After 2 consecutive months of increases, the average export price of pepper in December decreased slightly by 0.4% compared to the previous month, but increased by 6.3% over the same period in 2022, reaching 3,824 USD/ton. On average in 2023, export pepper prices will reach 3,424 USD/ton, down 19.3% compared to 2022.
In 2023, exports of most types of pepper will decrease compared to 2022, except for whole black pepper, which reached 205,452 tons, an increase of 23.2%. Specifically, whole black pepper accounts for 77.8% of Vietnam’s total pepper export volume in 2023 in volume.
Next was ground black pepper reaching 29,023 tons, down 13.1% and accounting for 11% of the proportion; Whole white pepper reached 20,225 tons, down 1.4% and accounting for 7.7%; Ground white pepper also decreased by 18.5 and accounted for 2.9%; The remaining pepper pickled in vinegar, wood, pinhead, green, pink,… decreased by 7.5%.
Asia is Vietnam’s largest pepper export region in 2023, accounting for 52.7% of the market share, followed by America with 22.8%, Europe with 19.5% and Africa with 5.1%. %.
Of which, the amount of pepper exported to Asia and Africa increased by 29.6% and 7.8% respectively, America increased by 0.3% and only Europe decreased slightly by 1.4%.
In terms of individual markets, China leads Vietnam’s pepper consumption in 2023 with a record volume of 60,135 tons, accounting for 22.8% of the export market share and an increase of 174% compared to 2022.
After two years of closure due to COVID, China’s pepper imports have shown a rebound in 2023, especially in the first months of the year.
According to VietnamBiz.vn
