September 19, 2024 | 22:36 GMT +7
Hotline: 0913.378.918
September 19, 2024 | 22:36 GMT +7
Hotline: 0913.378.918
Update on domestic and global pepper prices on 08/22/2024
Globally, the pepper market on August 22 is showing a tendency to increase.
The price of black pepper from Lampung in Indonesia increased by 0.16%, reaching $ 7,537/ton. Meanwhile, the price of white pepper from Muntok in Indonesia rose by 0.15%, reaching $ 8,874/ton.
The price of black pepper from Kuching ASTA in Malaysia remained at $ 8,500/ton, while white pepper ASTA from the same country was priced at $ 10,400/ton.
In Brazil, the price of black pepper ASTA 570 increased by 1.98%, reaching $ 6,300/ton.
In Vietnam, the price of exporting black peppers of 500 g/l was $ 5,800/ton, and the 550 g/l variety was $ 6,200/ton. The price of exported white pepper remained at $ 8,500/ton.
Pepper prices around the world today increased in Indonesia and Brazil, while other markets remained stable.
Thus, global pepper prices on 08/22/2024, slightly increased compared to yesterday.
In the domestic market, pepper prices on August 22 continued to rise sharply compared to yesterday.
Specifically, in Dak Lak, prices surged by VND 3,000, with pepper being purchased at VND 144,000/kg.
Similarly, in Dak Nong, pepper prices also reached VND 144,000/kg.
In Gia Lai, prices rose by VND 2,000, with trading at VND 142,000/kg.
Traders in Dong Nai are buying pepper at VND 142,000/kg, an increase of VND 1,000.
In Ba Ria - Vung Tau, prices increased by an additional VND 2,000, reaching VND 143,000/kg.
Likewise, in Binh Phuoc, trading prices rose to VND 142,000/kg.
Domestic pepper prices continued to rise today, with an increase ranging from VND 1,000 - 3,000. After three consecutive days of increases, the price of this agricultural product has reached VND 144,000/kg.
According to data from the General Department of Vietnam Customs, as of the end of May 2024, Vietnam's pepper exports reached 109,330 tons, bringing in a value of $ 469 million. This represents a 16.8% decrease in volume but a 15.4% increase in value compared to the same period in 2023.
Meanwhile, China's return to purchasing has had a significant impact on pepper prices. Specifically, in May 2024, the volume of pepper exports to the Chinese market reached 3,137 tons, an increase of 4.8 times compared to the previous month and the highest level achieved in the past 11 months.
Despite the high prices, businesses still face difficulties in sourcing raw materials, as pepper growers are expecting prices to continue rising. Farmers in the Central Highlands and Southeastern regions, who have earned significant income from durian and coffee, are financially capable of holding onto their pepper stocks. Many are even willing to store it for 2 to 3 years without rushing to sell.
Thus, domestic pepper prices on 08/22/2024, are trading around VND 142,000 - 144,000/kg.
$ 1 = VND 24.750 - Source: Vietcombank.
Translated by Hoang Duy
(VAN) Rice prices on 09/19/2024 in the domestic market decreased across both rice and paddy. In terms of exports, the price of Vietnamese rice remains stable.
(VAN) Coffee prices on 09/19/2024, show mixed trends globally. Meanwhile, domestic prices increased slightly by VND 200, reaching VND 123,300 - 123,800/kg.
(VAN) Pepper prices on 09/19/2024, saw a sharp decline of up to VND 5,000 in some areas. Domestic pepper is currently trading around VND 148,000 - 150,500/kg.
(VAN) Coffee prices on 09/18/2024, have surged significantly. Domestic coffee prices saw only a slight increase of VND 400, reaching VND 123,300 - 123,800/kg.
(VAN) Rice prices on 09/18/2024, in the domestic market are moving in oppositly. For exports, the price of Vietnamese rice has increased by $ 2-3/ton.
(VAN) Pepper prices on 09/18/2024 dropped by up to VND 3,000 in some regions. Currently, domestic pepper prices are trading around VND 152,000 - 155,000/kg.
(VAN) Coffee prices on 09/17/2024, have reversed, decreasing globally. Domestic coffee prices have dropped by VND 500 reaching VND 123,000 - 123,500/kg.
