Pepper prices today (November 13) in some key provinces in the country increased slightly. Accordingly, the highest price recorded in Ba Ria – Vung Tau is 69,500 VND/kg.
Domestic pepper prices
See more: Pepper prices today November 14
According to the survey, pepper price in the Central Highlands region remains stable, while the Southeast provinces have adjusted slightly higher, currently fluctuating between 66,000 – 69,500 VND/kg.
In particular, pepper in Gia Lai is being purchased at a price of 66,000 VND/kg and in Dong Nai the price has increased by 500 VND/kg to 66,500 VND/kg.
At the same time, two provinces in Dak Lak and Dak Nong still maintain a common price of 67,000 VND/kg.
Similar, Pepper price today In Binh Phuoc and Ba Ria – Vung Tau, it was recorded at 68,500 VND/kg and 69,500 VND/kg, respectively, an increase of 500 VND/kg.
|
Province/district (survey area) |
Purchasing price (Unit: VND/kg) |
Change compared to yesterday (Unit: VND/kg) |
|
Dak Lak |
67,000 |
– |
|
Gia Lai |
66,000 |
– |
|
Dak Nong |
67,000 |
– |
|
BA Ria Vung Tau |
69,500 |
+500 |
|
Binh Phuoc |
68,500 |
+500 |
|
Dong Nai |
66,500 |
+500 |
World pepper prices
According to an update from the International Pepper Association (IPC) on November 10 (local time), the price of Lampung black pepper (Indonesia) decreased by 0.29% compared to November 9.
At the same time, the price of Brazilian black pepper ASTA 570 and Kuching (Malaysia) ASTA black pepper remained stable.
|
Type name |
World black pepper price list (Unit: USD/ton) |
||
|
November 9 |
November 10 |
% change |
|
|
Lampung black pepper (Indonesia) |
4,090 |
4,078 |
-0.29 |
|
Brazilian black pepper ASTA 570 |
3,450 |
3,450 |
0 |
|
Kuching black pepper (Malaysia) ASTA |
4,900 |
4,900 |
0 |
At the same time of the survey, Muntok white pepper price decreased by 0.28% compared to the previous session, while Malaysian ASTA white pepper price had no new adjustments.
|
Type name |
World white pepper price list (Unit: USD/ton) |
||
|
November 9 |
November 10 |
% change |
|
|
Muntok white pepper |
6,196 |
6,179 |
-0.28 |
|
ASTA Malaysian white pepper |
7,300 |
7,300 |
0 |
In the third quarter of this year, black pepper prices were generally stable in Vietnam and Brazil, but increased sharply in Indonesia and India.
In Indonesia, tight supply pushed Lampung black pepper prices up a total of 15% in the third quarter, from 3,735 USD/ton to 4,280 USD/ton.
Indian pepper prices have also increased by 30% since July due to the prospect of high demand during the festive season, while inventories have decreased and speculative hoarding activities have increased due to forecasts of supply shortages in the coming season due to the impact of the pandemic. enjoy El Nino.
In Brazil, the export price of black pepper decreased by 13.4% from 3,350 USD/ton to 2,900 USD/ton in August, but then recovered and increased again to 3,350 USD/ton at the end of the third quarter.
In Vietnam, black pepper prices are flat at 3,500 USD/ton for 500 g/l and 3,600 USD/ton for 550g/l. The market is somewhat quiet as import demand from China slows down as consumer spending is falling and domestic prices are still lower than Vietnam.
Latest update as of October 18, black pepper price in Brazil has decreased by 6% compared to the end of the third quarter to 3,150 USD/ton, while Indonesian black pepper price also decreased by 3% at 4,144 USD/ton. While prices in Vietnam and Malaysia remain unchanged.
According to VietnamBiz.vn
