On the world world market
According to updates from the International Pepper Association (IPC) on June 17 (local time), Lampung black pepper trading price (Indonesia), Brazilian black pepper purchasing price ASTA 570 and Kuching black pepper price (Malaysia) ) ASTA remains stable compared to June 16.
| Type name | World black pepper price list (Unit: USD/ton) | ||
| June 16 | June 17 | % change | |
| Lampung black pepper (Indonesia) | 6,418 | 6,418 | 0 |
| Brazilian black pepper ASTA 570 | 8,530 | 8,530 | 0 |
| Kuching black pepper (Malaysia) ASTA | 4,900 | 4,900 | 0 |
At the same time of the survey, the Muntok white pepper purchasing price and the Malaysian ASTA white pepper price had no new adjustments.
| Type name | World white pepper price list (Unit: USD/ton) | ||
| June 16 | June 17 | % change | |
| Muntok white pepper | 8,377 | 8,377 | 0 |
| ASTA Malaysian white pepper | 7,300 | 7,300 | 0 |
The price of black pepper in the domestic market increased sharply due to limited supply and strong demand, according to the Ministry of Industry and Trade of Vietnam.
Although pepper prices are forecast to continue to increase in the near future, the management agency recommends not to massively expand planting areas but to focus on investing and taking care of intensive farming so that pepper plants can thrive. sustainable and stable development.
On May 28, 2024, the price of black pepper in the domestic market increased from 21,000 – 22,500 VND/kg (depending on each survey area) compared to April 29, 2024, to 119,000 – 120,000 VND/kg. White pepper price is at 140,000 VND/kg, an increase of 18,000 VND/kg compared to the end of April 2024 and much higher than 108,000 VND/kg in the same period in 2023.
According to VietnamBiz.vn
