Pepper price today, September 24, reached 151,500-152,500 VND/kg, slightly down compared to yesterday.
Source: Hoang Hiep compiled from giatieu.com
On the world market
According to an update from the International Pepper Association (IPC), at the end of the most recent trading session, the price of Indonesian Lampung black pepper dropped sharply by 11.5% (nearly 800 USD/ton), down to only 6,917 USD/ton.
Meanwhile, pepper prices in other countries remained generally stable. Specifically, Kuching black pepper from Malaysia was traded at the highest level of 8,800 USD/ton, while Brazilian black pepper ASTA 570 was at 6,900 USD/ton.
Vietnam’s black pepper prices of 500 g/l and 550 g/l also remained stable at 6,800 – 7,100 USD/ton.
|
Type name |
World black pepper price list |
|
|
September 23 (Unit: USD/ton) |
% change from previous day |
|
| Lampung Black Pepper (Indonesia) |
6,917 |
-11.5 |
| Brazilian Black Pepper ASTA 570 |
6,900 |
0 |
| 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 |
In contrast to black pepper, the price of Indonesian Muntok white pepper in the latest trading session increased by 92 USD/ton, to 9,397 USD/ton.
The price of Malaysian ASTA white pepper and Vietnamese white pepper remained stable at 11,200 and 10,150 USD/ton.
|
Type name |
World white pepper price list |
|
|
September 23 (Unit: USD/ton) |
% change from previous day |
|
| Muntok Indonesian White Pepper |
9,397 |
+0.98 |
| ASTA Malaysian White Pepper |
11,200 |
0 |
| Vietnam white pepper |
10,150 |
0 |
A recent report by Simexco Daklak said that domestic pepper prices in Vietnam have increased again after many weeks of stable trading. In addition, transportation costs have shown signs of decreasing, promoting activities. export pepper.
According to Simexco Daklak, global pepper output in 2024 is expected to reach around 465,000 tons, down 1.2% from last year. Meanwhile, global pepper demand is expected to reach 529,000 tons, exceeding output by 64,000 tons. This causes inventories to continue to fall to 428,000 tons, the lowest level in the past 6 years.
In Vietnam, although pepper prices are forecast to increase, pepper gardens in the Central Highlands and the Southeast provinces are under great competitive pressure from a number of other crops, especially durian. Vietnam’s pepper output in 2024 is estimated to decrease by 10-15%, reaching only about 160,000 – 170,000 tons.
In addition, Indonesia and Brazil have recently reported lower or negative crop yields.
In July, the weather in Dak Lak often has rain and stable temperatures, creating ideal conditions for pepper plants to grow. However, the early onset of the rainy season can negatively affect pepper yield and quality.
This is the time when the pepper plant is forming flower buds. If there are prolonged hot spells followed by heavy rains, the flowering rate may be affected. During the pollination stage, heavy rains can cause the pollen grains to stick together, preventing pollination, causing the phenomenon of sawtooth pepper chains.
According to VietnamBiz.vn
