Pepper prices last week fell by VND2,000-4,000/kg in key localities. According to data from the Vietnam Pepper and Spice Association, pepper exports to the Chinese market in the first 8 months of the year reached only 8,388 tons, down 84.4% compared to the same period last year.
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In the domestic market
Pepper price Black pepper prices in the Central Highlands and Southeast regions increased by VND 1,000/kg on the weekend, fluctuating between VND 150,000 – 151,000/kg. Of which, pepper prices increased in most localities except Dak Lak (down VND 1,000/kg).
However, overall over the past week, pepper prices have decreased by 2,000 – 5,000 VND/kg in localities.
In the Central Highlands region, pepper prices in Dak Lak and Dak Nong provinces are being purchased by agents at 151,000 VND/kg, down 5,000 VND/kg compared to the beginning of the week.
Pepper prices in Gia Lai also decreased by VND4,000/kg last week, down to VND150,000/kg.
In the Southeast region, pepper prices in Dong Nai and Ba Ria – Vung Tau provinces decreased by VND5,000/kg and were traded at VND150,000/kg.
In Binh Phuoc province, pepper prices last week decreased by VND2,000/kg, down to VND150,000/kg.
|
Province/district (survey area) |
Purchase price on September 22 (Unit: VND/kg) |
Change from previous day (Unit: VND/kg) |
Change compared to the beginning of the week (Unit: VND/kg) |
| Dak Lak |
151,000 |
-1,000 |
-5,000 |
| Gia Lai |
150,000 |
+1,000 |
-4,000 |
| Dak Nong |
151,000 |
+1,000 |
-5,000 |
| Ba Ria – Vung Tau |
150,000 |
+1,000 |
-5,000 |
| Binh Phuoc |
150,000 |
+1,000 |
-2,000 |
| Dong Nai |
150,000 |
+1,000 |
-5,000 |
Source: Hoang Hiep compiled from giatieu.com
On the world market world
Updated from the International Pepper Community (IPC), world pepper prices fluctuated in opposite directions last week.
Specifically, the price of Brazilian black pepper ASTA 570 was adjusted down by 8% (600 USD/ton) last week, down to 6,900 USD/ton.
Meanwhile, Indonesian Lampung black pepper prices increased by 2% to $7,715/ton.
Prices of 500g/l and 550g/l black pepper from Vietnam remained stable at USD 6,800 – 7,100/ton. Similarly, Kuching black pepper from Malaysia remained unchanged at USD 8,800/ton.
|
Type name |
World black pepper price list |
|
|
September 21 (Unit: USD/ton) |
% change from the beginning of the week |
|
| Lampung Black Pepper (Indonesia) |
7,715 |
+2.0 |
| Brazilian Black Pepper ASTA 570 |
6,900 |
-8.0 |
| Kuching Black Pepper (Malaysia) ASTA |
8,800 |
0.0 |
| Vietnamese black pepper (500 g/l) |
6,800 |
0.0 |
| Vietnamese black pepper (500 g/l) |
7,100 |
0.0 |
At the same time of survey, the price of Indonesian Muntok and Malaysian ASTA white pepper increased by 2 and 2.8% last week, reaching 9,305 USD/ton and 11,200 USD/ton. Only Vietnamese white pepper remained stable at 10,150 USD/ton.
|
Type name |
World white pepper price list |
|
|
September 21 (Unit: USD/ton) |
% change from the beginning of the week |
|
| Muntok Indonesian White Pepper |
9,305 |
+2.0 |
| ASTA Malaysian White Pepper |
11,200 |
+2.8 |
| Vietnam white pepper |
10,150 |
0.0 |
In the pepper species structure export In the first 8 months of the year, whole black pepper continued to account for a large proportion of up to 73.8%, reaching 135,620 tons. Next was ground black pepper at 25,699 tons, accounting for 14%; whole white pepper accounted for 7.7% with 14,975 tons; ground white pepper accounted for 3.8%; and finally pickled pepper, black pepper, nail head pepper, green pepper, pink pepper… with 0.7%.
Since the beginning of the year, Vietnam’s pepper exports to most major consumer markets have grown strongly at double-digit rates, except for the Chinese market.
According to the Vietnam Pepper and Spice Association (VPSA), Vietnam’s pepper exports to the Chinese market in the first 8 months of this year only reached 8,388 tons, worth 23.5 million USD, a sharp decrease of 84.4% in volume and 80.2% in value compared to the same period last year.
China’s market share in Vietnam’s total pepper exports accordingly dropped to 4.6% compared to 28.6% in the same period. With this result, China is now only ranked 5th in the list of Vietnam’s largest pepper exporters after the first 8 months of the year, falling 4 places compared to the number one position in 2023.
Economic growth China’s lower-than-expected pepper prices, tightening consumer spending and sufficient inventories are some of the factors that have caused China to continue to limit its purchase of pepper from Vietnam. In addition, the lower domestic pepper prices in China than in Vietnam could also be the reason for the above-mentioned decline.
According to VietnamBiz.vn
