Pepper prices today (October 31) have not had any new fluctuations, currently recorded in the range of 66,000 – 69,000 VND/kg.
Domestic pepper prices
According to the survey, pepper price anchored in the range of 66,000 – 69,000 VND/kg in key provinces in the country.
Accordingly, the prices recorded in Gia Lai and Dong Nai provinces are 66,000 VND/kg and 67,000 VND/kg, respectively.
Pepper in Dak Lak and Dak Nong is being purchased at the same price of 67,500 VND/kg.
Similar, Pepper price today in Binh Phuoc and Ba Ria – Vung Tau were stable at 68,500 VND/kg and 69,000 VND/kg, respectively.
|
Province/district (survey area) |
Purchasing price (Unit: VND/kg) |
Change compared to yesterday (Unit: VND/kg) |
|
Dak Lak |
67,500 |
– |
|
Gia Lai |
66,000 |
– |
|
Dak Nong |
67,500 |
– |
|
BA Ria Vung Tau |
69,000 |
– |
|
Binh Phuoc |
68,500 |
– |
|
Dong Nai |
67,000 |
– |
World pepper prices
According to an update from the International Pepper Association (IPC) on October 30 (local time), the price of Lampung black pepper (Indonesia) decreased by 1.62% compared to October 27.
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 27 |
October 30 |
% change |
|
|
Lampung black pepper (Indonesia) |
4,086 |
4,021 |
-1.62 |
|
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 1% off 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 27 |
October 30 |
% change |
|
|
Muntok white pepper |
6.153 |
6,092 |
-first |
|
ASTA Malaysian white pepper |
7,300 |
7,300 |
0 |
In the third quarter of this year, a total of 53,359 tons of pepper were exported by Vietnam with a value of 199.3 million USD, an increase of 4.7% in volume but a decrease of 5.4% compared to the third quarter of last year.
Accumulated in the first 9 months of the year, pepper exports reached 206,037 tons, an increase of 18.1% (equivalent to 31,529 tons) compared to the same period last year.
However, due to falling pepper prices, export turnover only reached 682.5 million USD, down 11.4% (88 million USD) compared to the same period in 2022.
In September, Vietnam’s pepper export price reached an average of 3,728 USD/ton, down 0.4% compared to August and down 9.3% over the same period.
Overall for 9 months, pepper export prices reached an average of 3,312 USD/ton, down 25% compared to the same period in 2022.
In terms of types, exports of most types of pepper decreased in the first 9 months of this year, except for whole pepper, which increased by 27.7% to 162,091 tons and accounted for 79.3% of the proportion.
The remaining ground black pepper decreased by 18% and accounted for 9.8% of the density; Whole white pepper decreased by 8.4% and accounted for 7.6% of the proportion; Ground white pepper and pepper soaked in vinegar, wood, pinhead, green, pink… decreased by 28% and 6.4%.
According to VietnamBiz.vn
