Pepper prices today (November 3) remained flat compared to yesterday. Currently, the highest price is 68,500 VND/kg recorded in Ba Ria – Vung Tau province.
Domestic pepper prices
According to the survey, pepper price maintained in the range of 65,500 – 68,500 VND/kg in the domestic market.
Currently, Gia Lai is purchasing pepper at the lowest price of 65,500 VND/kg. A little higher is Dong Nai with a price of 66,500 VND/kg.
Next are the two provinces of Dak Lak and Dak Nong, which have the same price of 67,000 VND/kg.
Similar, Pepper price today in Binh Phuoc and Ba Ria – Vung Tau were flat at 68,000 VND/kg and 68,500 VND/kg, respectively.
|
Province/district (survey area) |
Purchasing price (Unit: VND/kg) |
Change compared to yesterday (Unit: VND/kg) |
|
Dak Lak |
67,000 |
– |
|
Gia Lai |
65,500 |
– |
|
Dak Nong |
67,000 |
– |
|
BA Ria Vung Tau |
68,500 |
– |
|
Binh Phuoc |
68,000 |
– |
|
Dong Nai |
66,500 |
– |
World pepper prices
According to an update from the International Pepper Association (IPC) on November 2 (local time), the price of Lampung black pepper (Indonesia) increased.g 0.52% compared to November 1.
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 1 |
November 2 |
% change |
|
|
Lampung black pepper (Indonesia) |
4,014 |
4,035 |
0.52 |
|
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, the price of Muntok white pepper increased by 0.54% compared to the previous session, while Malaysian ASTA white pepper prices had no new adjustments.
|
Type name |
World white pepper price list (Unit: USD/ton) |
||
|
November 1 |
November 2 |
% change |
|
|
Muntok white pepper |
6,081 |
6.114 |
0.54 |
|
ASTA Malaysian white pepper |
7,300 |
7,300 |
0 |
The market will likely continue to be quiet in the final months as importers have almost bought enough goods at the present time.
However, with Vietnam’s output forecast to decline next year, global demand for pepper is likely to exceed supply and push prices up next year.
The Import-Export Department predicts that the global pepper market will not prosper in the last months of the year.
Despite positive information about the pepper harvest in producing countries Indonesia and Brazil, most countries recorded a decrease in exports due to low world market demand, with importers almost have purchased enough goods at the present time.
In the last 2 months of this year, it is likely that pepper imports from markets will continue to decrease due to low demand, economic recession and inflation remaining at high levels.
However, the market still has quite positive information. In India, the country’s domestic pepper price is likely to increase when the market enters the festive season – the peak season for pepper consumption.
According to VietnamBiz.vn
