Domestic pepper prices
According to the survey, pepper price in the domestic market ranges from 67,500 VND/kg to 70,500 VND/kg.
Records show that pepper in Gia Lai is being purchased at a price of 67,500 VND/kg.
In Dong Nai, Dak Lak and Dak Nong, farmers continue to buy pepper at a general price of 69,000 VND/kg.
Similar, Pepper price today in Binh Phuoc and Ba Ria – Vung Tau are also anchored at 70,500 VND/kg and 71,000 VND/kg, respectively.
|
Province/district (survey area) |
Purchasing price (Unit: VND/kg) |
Change compared to yesterday (Unit: VND/kg) |
|
Dak Lak |
69,000 |
– |
|
Gia Lai |
67,500 |
– |
|
Dak Nong |
69,000 |
– |
|
BA Ria Vung Tau |
71,000 |
– |
|
Binh Phuoc |
70,500 |
– |
|
Dong Nai |
69,000 |
– |
World pepper prices
According to an update from the International Pepper Association (IPC) on October 20 (local time), the price of Lampung black pepper (Indonesia) decreased by 0.12% compared to October 19.
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) |
||
|
October 19 |
October 20 |
% change |
|
|
Lampung black pepper (Indonesia) |
4.113 |
4.108 |
-0.12 |
|
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 decreased by 0.11% 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) |
||
|
October 19 |
October 20 |
% change |
|
|
Muntok white pepper |
6.193 |
6,186 |
-0.11 |
|
ASTA Malaysian white pepper |
7,300 |
7,300 |
0 |
Recorded in August 2023, the average import price of pepper into Korea reached 4,390 USD/ton, down 2% compared to July 2023 and down 16% compared to August 2022.
Cumulatively in the first 8 months of 2023, the average import price of pepper into Korea reached 4,795 USD/ton, down 0.5% over the same period last year. In particular, the average import price of Korean pepper decreased from most major suppliers, except the US.
Regarding supply structure, in the first 8 months of 2023, Korea imported pepper mainly from Vietnam, the volume reached approximately 2.97 thousand tons, worth 13.33 million USD, a decrease of 44.6% in value. quantity and decreased 46.4% in value compared to the same period last year.
Vietnam’s pepper market share in Korea’s total imports increased from 89.51% in the first 8 months of 2022 to 91.01% in the first 8 months of 2023.
Similarly, in the first 8 months of 2023, Korea reduced pepper imports from Malaysia, down 22.8% in volume and 30% in value compared to the same period last year, reaching 237 tons, worth approximately 1. 34 million USD.
Malaysia’s pepper market share in Korea’s total imports increased from 5.12% in the first 8 months of 2022 to 7.26% in the first 8 months of 2023.
In contrast, Korea increased pepper imports from Cambodia and India markets in the first 8 months of 2023. However, the amount of imports from the above markets is low, recorded from the latest report of Department of Import and Export (Ministry of Industry and Trade).
According to VietnamBiz.vn
