Pepper price today increased by 3,500 – 5,000 VND/kg, trading at the highest level in the past month.
Survey shows, pepper price Today’s price increased by 3,500 – 5,000 VND/kg compared to yesterday, fluctuating at 149,000 – 150,000 VND/kg. This is the highest price achieved in the past month and is the 3rd consecutive day of increase in the market despite being on National Day holiday.
Pepper prices in Dak Lak, Dak Nong and Binh Phuoc are being purchased by traders at the highest level of 150,000 VND/kg. Of which, pepper prices in Dak Lak increased by 4,000 VND/kg compared to yesterday, while in Dak Nong and Binh Phuoc both increased by 4,500 VND/kg.
Meanwhile, Gia Lai and Dong Nai are the two localities with the strongest price increase today, with an increase of 5,000 VND/kg to 149,000 VND/kg.
In Ba Ria – Vung Tau, pepper price was adjusted up by 3,500 VND/kg, to 149,000 VND/kg.
|
Province/district (survey area) |
Purchase price on September 2 (Unit: VND/kg) |
Change (Unit: VND/kg) |
|
Dak Lak |
150,000 |
+4,000 |
|
Gia Lai |
144,000 |
+5,000 |
|
Dak Nong |
150,000 |
+4,500 |
|
Ba Ria – Vung Tau |
149,000 |
+3,500 |
|
Binh Phuoc |
150,000 |
+4,500 |
|
Dong Nai |
149,000 |
+5,000 |
Source: Hoang Hiep compiled from giatieu.com
On the world market
In the world market, at the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Lampung black pepper (Indonesia) at 7,529 USD/ton, Brazilian black pepper ASTA 570 at 6,450 USD/ton. The price of Vietnamese black pepper was traded at 6,100 USD/ton for the 500 g/l type; 550 g/l at 6,500 USD/ton.
| Type name | World black pepper price list (Unit: USD/ton) | |
|
August 30 |
% change |
|
| Lampung Black Pepper (Indonesia) |
7,529 |
0 |
| Brazilian Black Pepper ASTA 570 |
6,450 |
0 |
| Kuching Black Pepper (Malaysia) ASTA |
8,500 |
0 |
| Vietnamese black pepper (500 g/l) |
6,100 |
0 |
| Vietnamese black pepper (500 g/l) |
6,500 |
0 |
With white pepper, the price of Indonesian Muntok white pepper is being traded at around 8,865 USD/ton, the price of Vietnamese white pepper is at 8,800 USD/ton.
| Type name | World white pepper price list (Unit: USD/ton) | |
|
August 30 |
% change |
|
| Muntok White Pepper (Indonesia) |
8,865 |
0 |
| ASTA Malaysian White Pepper |
10,400 |
0 |
| Vietnam white pepper |
8,800 |
0 |
This year, pepper farmers in Cambodia are experiencing a mixed situation of joy and worry as pepper prices increase but output decreases.
According to figures from the Cambodian Ministry of Commerce, in the first half of 2024, export The country’s pepper exports reached 25 million USD, three times higher (219%) than the same period last year.
Mr. Mak Ny, President of the Cambodia Pepper and Spice Federation (CPSF), said that pepper prices have increased significantly since the beginning of this year, providing much-needed support to farmers. Prices have reached $6,000 per ton, up about $3,000 per ton from last year.
“The increase in prices is definitely good news for our farmers,” Ny said, adding that CPSF is closely monitoring the situation and working with relevant agencies to determine the cause of the decline in production area.
“We are working closely with farmers to understand why the pepper acreage has decreased this year. As of July, the pepper acreage has decreased by 50 percent,” he said.
The decline in pepper cultivation area could be due to recent adverse weather conditions, pests or diseases; this could make it difficult for exports later this year and next year. Vietnam is the largest buyer of Cambodian pepper, accounting for more than 90% of total exports, according to khmertimeskh.
According to VietnamBiz.vn
