Pepper price today, September 28, increased slightly by 1,000 VND compared to yesterday.
On the world market
According to an update from the International Pepper Association (IPC), at the end of the most recent trading session, Indonesia’s Lampung black pepper price was listed at 6,942 USD/ton, a slight increase of 0.22% (15 USD/ton). compared to the previous day. During the past week, Indonesia’s pepper prices continuously reversed with alternating increases and decreases.
Meanwhile, price export In other countries there was generally no change. Specifically, Brazilian black pepper ASTA 570 reached 6,750 USD/ton, Kuching Malaysian black pepper at 8,800 USD/ton.
In Vietnam, the export price of black pepper 500 g/l and 550 g/l reached 6,800 USD/ton and 7,100 USD/ton, respectively.
|
Type name |
World black pepper price list |
|
|
September 27 (Unit: USD/ton) |
% change compared to the previous day |
|
| Lampung black pepper (Indonesia) |
6,942 |
+0.22 |
| Brazilian black pepper ASTA 570 |
6,750 |
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 |
At the same time of the survey, the price of Muntok Indonesian white pepper increased by 21 USD/ton compared to yesterday, reaching 9,430 USD/ton.
Malaysian ASTA and Vietnamese white pepper prices remained unchanged at 11,200 USD/ton and 10,150 USD/ton.
|
Type name |
World white pepper price list |
|
|
September 27 (Unit: USD/ton) |
% change compared to the previous day |
|
| Muntok Indonesian white pepper |
9,430 |
+0.22 |
| ASTA Malaysian white pepper |
11,200 |
0 |
| Vietnamese white pepper |
10,150 |
0 |
According to a recent report by PTEXIM, demand is slowing down in all countries import as big as the US, China and EU…
However, the positive thing is that China has entered the market with white pepper orders due to many reports showing that Hainan Island was heavily affected by super typhoon Yagi. This has led to a decline in white pepper production in China. It is forecast that white pepper supply in China will have difficulty meeting demand in the fourth quarter and for the upcoming Lunar New Year holiday.
PTEXIM said that the market in the past month was quite quiet, buyers were not very interested in pepper products and sales took place very slowly. At the same time, suppliers (farmers, collectors, agents) are very cautious in offering raw materials for sale.
Currently, many domestic agents and manufacturers do not actively sell but prioritize retaining inventory, and they do not feel pressure when prices adjust downward. This is also clearly reflected in the significant decrease in inventories of farmers and intermediaries compared to previous years.
According to VietnamBiz.vn
