Update pepper prices
Table of Contents
Domestic pepper prices
According to the survey, pepper prices today are flat on a large scale.
Accordingly, the two provinces of Gia Lai and Dong Nai maintain the lowest purchasing price at 93,500 VND/kg.
Meanwhile, traders in Dak Lak, Dak Nong, Ba Ria – Vung Tau and Binh Phuoc are trading pepper at the highest price of 95,500 VND/kg.
|
Province/district (survey area) |
Purchasing price (Unit: VND/kg) |
Change compared to yesterday (Unit: VND/kg) |
|
Dak Lak |
95,500 |
– |
|
Gia Lai |
93,500 |
– |
|
Dak Nong |
95,500 |
– |
|
BA Ria Vung Tau |
95,500 |
– |
|
Binh Phuoc |
95,500 |
– |
|
Dong Nai |
93,500 |
– |
World pepper prices
According to an update from the International Pepper Association (IPC) on March 18 (local time), the price of Lampung black pepper (Indonesia) increased by 3.09%, the price of Brazilian black pepper ASTA 570 and Kuching black pepper (Malaysia). ) ASTA also remained stable compared to March 17
|
Type name |
World black pepper price list (Unit: USD/ton) |
||
|
March 17 |
March 18 |
% change |
|
|
Lampung black pepper (Indonesia) |
4.169 |
4,302 |
+3.09 |
|
Brazilian black pepper ASTA 570 |
4,100 |
4,100 |
0 |
|
Kuching black pepper (Malaysia) ASTA |
4,900 |
4,900 |
0 |
At the same time of the survey, Muntok white pepper prices increased by 1.41%, while Malaysian ASTA white pepper prices had no new adjustments.
|
Type name |
World white pepper price list (Unit: USD/ton) |
||
|
March 17 |
March 18 |
% change |
|
|
Muntok white pepper |
6.171 |
6,259 |
+1.41 |
|
ASTA Malaysian white pepper |
7,300 |
7,300 |
0 |
Regarding pepper, Vietnam has been the world’s leading country in production and export for the past 20 years. However, according to a recent announcement by the Vietnam Pepper and Spice Association (VPSA), the leading enterprises in pepper exports in the first 2 months of 2024 are all from abroad.
Specifically, leading is Nedspice Vietnam Company (Netherlands) with 3,555 tons, up 44% over the same period last year; followed by Olam Vietnam (India) with 3,229 tons, up 32%, reported Dak Lak 24h reported.
Meanwhile, the two Vietnamese enterprises in the next position both had a decrease in export output. Specifically, Tran Chau Company reached 2,265 tons, down 33.4%; Phuc Sinh Company 1,744 tons, down 31.5%.
The ranking of pepper export enterprises with top output also belongs to Olam Vietnam and Nedspice Vietnam, while Tran Chau Company and Phuc Sinh Company ranked 3rd and 4th.
According to VietnamBiz.vn
