Domestic pepper prices are generally at 153,000 VND/kg.
In the domestic market
Latest record, pepper price today decreased slightly by 1,000 VND/kg, average at 152,000 VND/kg.
On the world market
According to an update from the International Pepper Community (IPC) on July 11 (local time), the trading price of Lampung black pepper (Indonesia) increased by 0.35%, while the purchasing price of Brazilian black pepper ASTA 570 and Kuching black pepper (Malaysia) ASTA remained stable compared to July 10.
|
Type name |
World black pepper price list (Unit: USD/ton) |
||
|
July 10 |
July 11 |
% change |
|
|
Lampung Black Pepper (Indonesia) |
7,166 |
7,191 |
+0.35 |
|
Brazilian Black Pepper ASTA 570 |
7,250 |
7,250 |
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 0.35% and the price of Malaysian ASTA white pepper had no new changes.
|
Type name |
World white pepper price list (Unit: USD/ton) |
||
|
July 10 |
July 11 |
% change |
|
|
Muntok White Pepper |
9.124 |
9,156 |
+0.35 |
|
ASTA Malaysian White Pepper |
8,800 |
8,800 |
0 |
According to VPSA’s assessment, Vietnam’s pepper output in 2024 is estimated to decrease by 10% compared to 2023, to only about 170,000 tons. This is the lowest level in the past 5 years.
In Brazil, one of the major pepper exporting countries, the 2024 pepper crop here has been severely affected by prolonged drought. Brazil’s pepper output is expected to be the lowest in many years, down 20-40% compared to last year. If the forecasts of experts on Brazil are correct, the pepper market can only be active again from September onwards.
Sharing with VTV Online, a representative of the Import-Export Department (Ministry of Industry and Trade) predicted that the increase in domestic pepper prices will push up the export price of pepper and it is expected that the pepper industry will earn billions of USD in exports this year.
Not only that, in the world market, pepper prices are also forecasted to continue to increase, but the rate of increase will slow down. In the domestic market, black pepper prices have increased sharply due to limited supply, but people should not massively expand the planting area but focus on investing and caring for pepper plants in an intensive manner so that they can develop sustainably and stably.
Regarding domestic enterprises, VPSA recommends that export enterprises be cautious in purchasing and exporting activities to avoid risks similar to the recent decline in coffee or rice prices.
According to VietnamBiz.vn
