April 13, 2025 | 23:31 GMT +7
April 13, 2025 | 23:31 GMT +7
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Update on the latest domestic and world pepper prices on October 25, 2023
Around the world, the pepper market on October 25 increased slightly in Indonesia but remained flat in other markets.
Accordingly, the price of Lampung black pepper in Indonesia increased by 0.46%; increased to $ 4,105/ton. The price of Muntok white pepper in this country increased by 0.47%; at $ 6,181/ton.
Malaysia's Kuching ASTA black pepper price remained stable at $ 4,900/ton; This country's ASTA white pepper is still priced at $ 7,300/ton.
For the Brazilian market, the price of ASTA 570 black pepper remained at $ 3,100/ton.
In Vietnam, export prices of 500 and 550 g/l black pepper are at $ 3,500 and $ 3,600/ton, respectively. The export price of white pepper remained at $ 5,100/ton.
World pepper prices are recovering in Indonesia but remain stable in other markets.
By the end of the third quarter of 2023, pepper exports recorded a decline in most of the world's leading producing countries, including Brazil (-2.4%), Indonesia (-24.8%), India (-30.3%)... and only increased in Vietnam (+18.1%).
The global economic decline, inflation and rising interest rates have negatively affected pepper consumption demand in many countries, especially the US and EU. Meanwhile, demand from China and Africa is showing improvement after the Covid-19 pandemic. These are also the two markets that most actively imported Vietnamese pepper in the first 9 months of this year.
Thus, world pepper prices on 10/25/2023 increased slightly in Indonesia compared to yesterday.
Domestically, the pepper market on 10/25 remained stable compared to yesterday.
Specifically, Dak Lak and Dak Nong reduced their purchasing rate to VND 68,500/kg;
In Gia Lai, pepper prices are trading at VND 67,000/kg;
In Dong Nai, traders bought it at a price of VND 68,500/kg;
The latest pepper price in Ba Ria - Vung Tau decreased to VND 70,500/kg;
Meanwhile, Binh Phuoc is trading at a price of VND 70,000/kg.
Domestic pepper prices today have no new fluctuations, after yesterday's slight decrease. Currently, the highest price is anchored in Ba Ria Vung Tau, with a threshold of VND 70,500/kg.
Thus, the domestic pepper price on 10/25/2023 is trading around VND 67,000 - 70,500/kg.
$ 1 = VND 24,350 - Source: Vietcombank
Translated by Hoang Duy
(VAN) It’s eaten with almost every meal, used to make sushi, made into sweets, fermented into alcohol and offered to the spirits at religious ceremonies.
(VAN) Pepper prices on April 11, 2025, show a slight recovery from both domestic and global markets. Prices stay at VND 148,000 to VND 150,000/kg domestically.
(VAN) Coffee prices on April 11, 2025, increased slightly domestically, at VND 117,300 to VND 119,000/kg, up by VND 1,000 to VND 1,300/kg over yesterday.
(VAN) Coffee prices on April 10, 2025, recorded strong fluctuations in both the global and domestic markets. Domestic coffee prices continued to drop sharply.
(VAN) Pepper prices on April 10, 2025, in the domestic market continued to drop sharply, with a decrease of VND 1,000/kg over the previous trading session.
(VAN) Pepper prices on April 9, 2025, recorded a sharp decline, raising concerns. Domestic pepper prices saw a significant drop of VND 5,000 – VND 6,000/kg.
(VAN) Coffee prices on April 9, 2025, are fluctuating. Robusta coffee shows slight signs of recovery, while Arabica coffee continues to decline.