Pepper price today (May 21) fluctuates between 73,000 – 76,000 VND/kg. Last week, the pepper market tended to go up, but fell at the end of the week. Compared to the beginning of the week, the key provinces recorded an increase of 500-1,500 VND/kg.
Update domestic pepper prices
Pepper price This week tended to go up, then simultaneously decreased on Saturday (May 20). Compared to the beginning of the week, the purchase price in the domestic market increased by about 500-1,500 VND/kg.
According to the survey, the lowest price is currently 73,000 VND/kg recorded in Gia Lai province, up 1,000 VND/kg. Next is Dong Nai province with an increase of 500 VND/kg, currently priced at 73,500 VND/kg.
After increasing by 1,500 VND/kg, the two provinces of Dak Lak and Dak Nong are currently purchasing pepper at the same rate of 74,500 VND/kg.
Similar, pepper price in Binh Phuoc and Ba Ria – Vung Tau both increased by 5000 VND/kg, to 75,500 VND/kg and 76,000 VND/kg respectively.
Price volatility in the past week. Unit: VND/kg. Synthetic: Peaceful
Update pepper information
Recorded from statistics in the first quarter of 2023, world pepper prices have increased slightly but are still significantly lower than the same period last year.
By the end of March 2023, the price of Lampung black pepper in Indonesia reached 3,635 USD/ton, up 1.1% compared to the beginning of the year but down 12.2% over the same period last year.
Notably, Brazil’s ASTA 570 black pepper price increased by 18% from $2,500/ton at the beginning of this year, to $2,950/ton at the end of March, mainly due to concerns about reduced supply.
Accordingly, heavy rains in southern Brazil caused flooding and affected pepper plantations in Esperito Santo and Bahia, which pushed Brazilian pepper prices up sharply again. However, this price is still 23.4% lower than the same period last year.
In Vietnam, the price of black pepper export grade 500 and 550 g/l respectively kept at $3,225 – $3,275/ton, up 2.3 – 4%, but down 19 – 21.8% over the same period last year. It can be seen that the recovery of demand from the Chinese market has helped improve Vietnamese pepper prices at the beginning of this year.
Particularly, the price of black pepper Kuching ASTA of Malaysia remained stable at 4,900 USD/ton.
Similar to black pepper, the export price of white pepper from Indonesia increased by 1.9% in the first quarter of this year to USD 6,128/ton, but decreased by 11.4% over the same period.
Besides, the export price of white pepper of Vietnam also increased by 4-6% in the first quarter but decreased by 20% over the same period last year, fluctuating at $4,780-4,880/ton.
According to VietnamBiz.vn
