Update pepper prices
Table of Contents
In the domestic market
The latest survey shows that pepper prices today continue to increase sharply in the provinces and cities.
Specifically, the two provinces of Dak Nong and Dak Lak both recorded the highest level of 157,000 VND/kg, an increase of 12,000 VND/kg and 13,000 VND/kg respectively.
After an increase of 8,000 VND/kg, traders in Gia Lai, Binh Phuoc and Dong Nai are trading pepper at a common price of 152,000 VND/kg.
The current lowest level is 150,000 VND/kg, an increase of 6,000 VND/kg in Ba Ria – Vung Tau province.
| Province/district (survey area) | Purchasing price (Unit: VND/kg) | Change compared to yesterday (Unit: VND/kg) |
| Dak Lak | 157,000 | +13,000 |
| Gia Lai | 152,000 | +8,000 |
| Dak Nong | 157,000 | +12,000 |
| BA Ria Vung Tau | 150,000 | +6,000 |
| Binh Phuoc | 152,000 | +8,000 |
| Dong Nai | 152,000 | +8,000 |
On the world world market
According to an update from the International Pepper Association (IPC) on June 7 (local time), the trading price of Lampung black pepper (Indonesia) increased by 0.37%, the purchasing price of Brazilian black pepper ASTA 570 and the price Kuching black pepper (Malaysia) ASTA remained stable compared to June 6.
| Type name | World black pepper price list (Unit: USD/ton) | ||
| June 6 | June 7 | % change | |
| Lampung black pepper (Indonesia) | 5,614 | 5,635 | +0.37 |
| Brazilian black pepper ASTA 570 | 5,900 | 5,900 | 0 |
| Kuching black pepper (Malaysia) ASTA | 4,900 | 4,900 | 0 |
At the same time of the survey, the purchasing price of Muntok white pepper increased by 0.38%, while the Malaysian ASTA white pepper price had no new adjustments.
| Type name | World white pepper price list (Unit: USD/ton) | ||
| June 6 | June 7 | % change | |
| Muntok white pepper | 7,397 | 7,425 | +0.38 |
| ASTA Malaysian white pepper | 7,300 | 7,300 | 0 |
Recently, domestic pepper prices have continuously increased and set new peaks.
During the trading session on June 7, the price of black pepper in the Central Highlands and Southeast regions was purchased at 160,000 – 164,000 VND/kg, an increase of 5,000 – 12,000 VND/kg compared to the previous day and an increase of nearly 60% compared to mid-May. This is also the highest price recorded in the past 8 years.
Thus, domestic pepper prices have doubled compared to the beginning of this year and more than 2.2 times the same period last year.
At the Trade Promotion Conference for Vietnamese Coffee and Spice Products held in April, Ms. Hoang Thi Lien, Chairwoman of the Vietnam Pepper and Spice Association (VPSA), said that one of the reasons The main reason why pepper prices have increased in recent times is due to limited supply worldwide.
Even Indonesia and India are limited in supply and smaller producing countries such as Malaysia, Sri Lanka and especially the two countries that determine global supply, Brazil and Vietnam, have all had their output reduced due to the impact. due to El Nino weather factors causing drought.
“Looking at the long term in the next 3-5 years, the amount of pepper produced cannot meet the world’s consumer demand,” Ms. Lien said.
Meanwhile, demand for this spice item is maintaining at a high level. China’s return to buying goods also has a strong impact on pepper prices.
VPSA’s preliminary data shows that Vietnam’s pepper exports in May reached 31,357 tons with a turnover of 141 million USD, up 19.5% in volume and 21.1% in turnover compared to the month. before.
Notably, pepper exports to China rebounded with a volume of 3,137 tons, an increase of 4.8 times compared to the previous month and the highest level in 11 months.
According to VietnamBiz.vn
