Although it increased again on the weekend, overall for the whole past week, pepper prices still decreased by about 1,000 – 3,500 VND. Statistics also show that Vietnam’s pepper imports from Brazil have dropped sharply to the lowest level in many months.
At the end of last week’s trading session, pepper price simultaneously increased by 1,000 – 1,500 VND/kg in key localities.
However, overall in the past week, the price of this item has decreased by 1,000 – 3,500 VND/kg, down to 147,000 – 149,000 VND/kg.
Specifically, Dak Nong is the locality that recorded the sharpest price decrease during the week, down to 3,500 VND/kg, down to 147,500 VND/kg.
In other localities in the Central Highlands region, pepper prices last week in Dak Lak province and Gia Lai province decreased by 3,000 VND/kg and 2,000 VND/kg respectively, trading at 147,000 VND/kg.
In the Southeast region, pepper prices last week in Ba Ria – Vung Tau province and Dong Nai province decreased by 2,000 VND/kg, down to 148,000 VND/kg.
In Binh Phuoc, pepper prices were the least volatile, only decreasing by 1,000 VND/kg and trading at 149,000 VND/kg. This is also the highest price recorded on the market.
|
Province/district (survey area) |
Purchase price on September 28 (Unit: VND/kg) |
Change compared to the previous day (Unit: VND/kg) |
Change compared to the first day of the week (Unit: VND/kg) |
| Dak Lak |
148,000 |
+1,000 |
-3,000 |
| Gia Lai |
148,000 |
+1,000 |
-2,000 |
| Dak Nong |
147,500 |
+1,500 |
-3,500 |
| Ba Ria – Vung Tau |
148,000 |
+1,000 |
-2,000 |
| Binh Phuoc |
149,000 |
+1,000 |
-1,000 |
| Dong Nai |
148,000 |
+1,000 |
-2,000 |
Source: Hoang Hiep compiled from giatieu.com
On the world market
According to updates from the International Pepper Association (IPC), last week, Indonesia’s Lampung black pepper price increased by 0.4%, reaching 6,942 USD/ton.
In contrast, the price of Brazilian black pepper ASTA 570 decreased by 2.2% (equivalent to 150 USD/ton), down to 6,750 USD/ton.
Meanwhile, black pepper prices are 500 g/l and 550 g/l export of Vietnam is stable between 6,800 USD/ton and 7,100 USD/ton. In Malaysia, Kuching black pepper stood still at 8,800 USD/ton.
|
Type name |
World black pepper price list |
|
|
September 29 (Unit: USD/ton) |
% change compared to the beginning of the week |
|
| Lampung black pepper (Indonesia) |
6,942 |
+0.4 |
| Brazilian black pepper ASTA 570 |
6,750 |
-2,2 |
| Kuching black pepper (Malaysia) ASTA |
8,800 |
0 |
| Vietnamese black pepper (500 g/l) |
6,800 |
0 |
| Vietnamese black pepper (500 g/l) |
7,100 |
0 |
At the same time of the survey, the price of Indonesian Muntok white pepper last week increased by 0.4%, reaching 9,430 USD/ton.
Malaysian ASTA and Vietnamese white pepper prices remained flat at 11,200 USD/ton and 10,150 USD/ton.
|
Type name |
World white pepper price list |
|
|
September 29 (Unit: USD/ton) |
% change compared to the beginning of the week |
|
| Muntok Indonesian white pepper |
9,430 |
+0.4 |
| ASTA Malaysian white pepper |
11,200 |
0 |
| Vietnamese white pepper |
10,150 |
0 |
Vietnam decreased import pepper from Brazil
In a recent report by Nedspice, the company said the main harvest period in Brazil has begun in the states of Para and Espírito Santo. The country’s exports in July and August decreased by more than 20% compared to the same period last year, as the May-June harvest period in Espírito Santo was severely affected by harsh weather conditions at the beginning of the year. .
According to data from the Brazilian State Center for Foreign Trade Statistics (Comex Stat), Brazil exported 45,699 tons of pepper in the first 8 months of the year, with a value of 183.4 million USD. Despite a decrease of 10.4% in volume, the value of revenue increased by 19.3% over the same period in 2023.
Brazil’s main pepper export markets in the first 8 months of the year include: Vietnam, UAE, Pakistan, India, Senegal…
Notably, exports to Vietnam – Brazil’s largest pepper consuming market in August fell sharply to the lowest level in many months, reaching only 243 tons, corresponding to a decrease of 48.5% compared to the previous month. compared to the previous month and decreased by 76.3% compared to the same period last year.
In the first 8 months of the year, Vietnam imported 6,625 tons of pepper from Brazil worth 23.5 million USD, down 30.2% in volume and 16.4% in value compared to the same period last year. Vietnam’s market share in Brazil’s total pepper exports also decreased from 18.6% to 14.5% after the first 8 months of the year.
Vietnam’s imported pepper price from Brazil in the first 8 months of the year increased by 19.7%, to an average of 3,548 USD/ton. However, this is the lowest price among the 16 leading pepper importing countries from Brazil, respectively 300 USD to more than 600 USD/ton lower than other markets.
In the first 8 months of the year, Brazil’s pepper exports to a number of other markets also decreased such as Senegal decreased by 11.8%, Morocco decreased by 15.6%, Egypt decreased by 44.4%, the Netherlands decreased by 30.9%…
In contrast, exports to the UAE increased by 7% during the same period, reaching 5,123 tons and accounting for 11.2% of the market share; Pakistan: 5,055 tons, up 46.2% and accounting for 11.1%; India: 4,944 tons, up 31.9% and accounting for 10.8%; In particular, exports to the US increased 10.5 times and reached 2,102 tons…
According to VietnamBiz.vn
