Pepper price on 04/19/2024: Sharp increase to VND 2,500/kg

Pepper prices on April 19 globally

In the world market, the pepper market on April 19 saw a slight increase in Indonesia but remained unchanged in other countries.

Specifically, the price of Lampung black pepper in Indonesia increased by 0.39% to $ 4,591/ton. Meanwhile, the price of Muntok white pepper from this country saw a slight increase of 0.38%, reaching $ 6,063/ton.

The price of Kuching ASTA black pepper in Malaysia remained stable at $ 4,900/ton, while the price of ASTA white pepper from this country remained at $ 7,300/ton.

In the Brazilian market, the price of ASTA 570 black pepper was $ 4,300/ton.

As for Vietnam, the export prices of black pepper of 500 and 550 g/l remained at $ 4,200 and $ 4,300/ton, respectively. Meanwhile, the export price of white pepper remained at $ 6,000/ton.

The world pepper prices on April 19 have rebounded in Indonesia and Brazil and remained stable in other markets.

Summarizing the past week, only domestic black pepper prices in Vietnam recorded a decrease due to Muslims worldwide celebrating Eid al-Fitr.

Specifically, after two weeks of decline, both domestic and export prices of pepper from India remained stable during the past week. Meanwhile, domestic pepper prices in Sri Lanka also remained stable.

In Southeast Asia, the Indonesian market paused due to the Eid al-Fitr holiday. Both domestic and international pepper prices in Malaysia remained flat and unchanged.

The prices of black pepper from Brazil, black pepper from Cambodia, and white pepper from China remained stable and unchanged from the previous week.

Thus, the world pepper prices on 04/19/2024 saw slight decreases in some places compared to yesterday.

Pepper price on April 19 domestically

Pepper prices in the domestic market on April 19 continue to increase sharply compared to yesterday.

Specifically, in Dak Lak and Dak Nong, prices increased by up to VND 2,500, trading pepper at VND 95,000/kg;

The pepper price in Gia Lai increased by an additional VND 2,000 to reach VND 92,000/kg;

Similarly, traders in Dong Nai province are purchasing pepper at VND 92,000/kg;

The latest pepper price in Ba Ria - Vung Tau increased by VND 1,000 to reach VND 94,000/kg;

Meanwhile, traders in Binh Phuoc province are trading pepper at VND 94,000/kg, after a 1,000 VND increase.

The price of black pepper in the domestic market today has increased by an additional VND 1,000 to 2,500 /kg, bringing this agricultural product back to the level of VND 95,000/kg.

At present, the harvesting season in our country is basically over. After harvesting, experts warn that black pepper plants often become "exhausted," especially during the dry season. Therefore, farmers should focus on caring for their plants, preventing pests and diseases, and providing sufficient nutrients for the plants to recover. The weather is causing concerns about continued declines in yield, pushing the price of black pepper in the domestic market to rise again this week.

Faced with the situation of recovering black pepper prices, many pepper growers have been planning to restructure their pepper gardens. However, to avoid risks, farmers should choose sustainable methods with low investment costs. Especially, they should only expand their cultivation areas with their own family's capital and should not borrow money to expand their cultivation areas.

Thus, the price of black pepper in the domestic market on 04/19/2024 is trading around VND 92,000 to 95,000/kg.