Domestic pepper price today
Dak Lak pepper price is purchased at 130,000 VND/kg.
Pepper prices are entering a new increasing cycle. Besides the weather factor, the driving force for price increases mainly comes from the fact that in recent times, many farmers in Vietnam as well as in other major pepper producing countries have switched to other crops with high economic efficiency. more, causing a supply shortage.
At the present time, the increase in pepper prices is also driven by the shortage of empty containers, causing shipping rates to increase by an average of about 30% in recent weeks.
Experts also said that Vietnam’s domestic and export pepper prices are entering a new price increase in the context that the harvest has ended but demand is increasing positively. Expectations that the USD will decrease and transport costs are influencing prices will cause agricultural products, including pepper, to increase sharply.
World pepper prices today
Updated world pepper prices from the International Pepper Association (IPC), at dawn this morning (Vietnam time), Indonesian pepper prices continued their downward trend compared to yesterday; Brazilian pepper prices went sideways, while Malaysia’s prices continued to stagnate. Vietnamese pepper prices simultaneously stood still after a sharp increase.
Specifically, the price of Lampung black pepper (Indonesia) today traded at 5,061 USD/ton, down 0.57%; White pepper price (Indonesia) traded at 7,340 USD/ton, down 0.57%.
Brazilian black pepper price ASTA 570 today is at 5,900 USD/ton.
Malaysian ASTA black pepper price remains at 4,900 USD/ton; Malaysian ASTA white pepper price is still at 7,300 USD/ton.
Prices of all types of Vietnamese pepper increased sharply. In particular, the price of Vietnamese black pepper type 500 g/l today is trading at 5,400 USD/ton; with type 550 g/l trading at 5,900 USD/ton; ASTA white pepper price is trading at 8,000 USD/ton.
Prices of all kinds of pepper on Kochi (India) today are still flat compared to yesterday. In particular, Garbled type traded at 62,500 Rupees/100kg, UnGarbled type at 60,500 Rupees/100kg.
Global pepper exports in the first months of 2024 will change significantly. While Vietnam and Brazil decreased, India and Indonesia are two countries with strong increases in exports.
According to the Brazilian State Center for Foreign Trade Statistics (Comex Stat), in April, Brazil exported 7,596 tons of pepper, down 11.3% over the same period last year.
With this result, Brazil’s pepper exports in the first 4 months of the year reached 25,939 tons, worth 93.4 million USD, compared to the same period in 2023, down 10.3% in volume but up 12.1% in value. Brazil’s average export pepper price in the first 4 months of the year reached 3,601 USD/ton, up 25% over the same period last year.
Vietnam is the main export market of Brazilian pepper, accounting for 17.9% of the total volume, reaching 4,643 tons, however compared to the same period, it decreased by 13.7%. The price of Brazilian pepper has increased higher than the selling price of Vietnam in the world market, which makes importing raw pepper from Brazil no longer attractive to Vietnamese processors.
Domestic pepper price list today May 31, 2024:
| Local | Unit | Purchase price from traders | Increase/decrease compared to yesterday |
| Chu Se (Gia Lai) | VND/kg | 130,000 | 0 |
| Dak Lak | VND/kg | 130,000 | 0 |
| Dak Nong | VND/kg | 130,000 | 0 |
| Binh Phuoc | VND/kg | 131,000 | 0 |
| BA Ria Vung Tau | VND/kg | 131,000 | 0 |
* Information is for reference only. Prices may vary depending on locality.
According to Congthuong.vn
