Pepper prices today (March 26) have no new fluctuations.
Domestic pepper prices
According to the survey, pepper prices today are flat in key provinces and cities.
Specifically, the two provinces of Binh Phuoc and Ba Ria – Vung Tau purchased pepper at 95,000 VND/kg and 95,500 VND/kg, respectively.
Pepper prices in Dak Lak and Dak Nong are currently recorded at the highest level of 96,000 VND/kg.
Particularly, Gia Lai and Dong Nai provinces continue to trade at the lowest level of 92,500 VND/kg.
The current pepper price is fluctuating between 92,500 – 96,000 VND/kg.
| Province/district (survey area) | Purchasing price (Unit: VND/kg) | Change compared to yesterday (Unit: VND/kg) |
| Dak Lak | 96,000 | – |
| Gia Lai | 92,500 | – |
| Dak Nong | 96,000 | – |
| BA Ria Vung Tau | 95,500 | – |
| Binh Phuoc | 95,000 | – |
| Dong Nai | 92,500 | – |
World pepper prices
According to an update from the International Pepper Association (IPC) on March 25 (local time), the price of Lampung black pepper (Indonesia) increased by 3.13%, the price of Brazilian black pepper ASTA 570 and Kuching black pepper (Malaysia). ) ASTA remains stable compared to March 24
| Type name | World black pepper price list (Unit: USD/ton) | ||
| March 24 | March 25 | % change | |
| Lampung black pepper (Indonesia) | 4,275 | 4,413 | 3.13 |
| Brazilian black pepper ASTA 5704 | .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 decreased by 0.14%, while Malaysian ASTA white pepper prices had no new adjustments.
| Type name | World white pepper price list (Unit: USD/ton) | ||
| March 24 | March 25 | % change | |
| Muntok white pepper | 6,219 | 6,210 | -0.14 |
| ASTA Malaysian white pepper | 7,300 | 7,300 | 0 |
In recent days, pepper prices in the domestic market have also continued to increase. Black pepper prices in the Central Highlands provinces are fluctuating at 93,500 – 95,500 VND/kg, up 15 – 16% compared to the end of 2023 and up 45 – 47% over the same period last year. Thus, domestic pepper prices are currently at their highest level since 2017. Because pepper prices have increased, farmers also have the mentality of holding goods waiting for higher prices.
In terms of market, the US was Vietnam’s largest pepper export market in the first 2 months of the year, reaching 8,735 tons, equivalent to 36.5 million USD, accounting for 28.3%. Behind are India and Germany, respectively, both witnessing growth in output and turnover.
Meanwhile, exports to China in 2 months have dropped sharply to only 816 tons from 10,209 tons in the same period in 2023. This market also fell to 10th place in Vietnamese pepper imports with a market share accounting for 2.6% compared to 25.3% of the same period.
In February, Vietnam exported 193 tons to Italy, equivalent to 769 thousand USD, a sharp increase of 1,187% in volume and 1,241% in value compared to the same period in 2023, accounting for 1.1% of total export output. password. The average export price reached 4,085 USD/ton, up 12.4% over the same period last year, according to the newspaper. Industry and Trade.
According to VietnamBiz.vn
