September 18, 2024 | 17:14 GMT +7
Hotline: 0913.378.918
September 18, 2024 | 17:14 GMT +7
Hotline: 0913.378.918
Latest domestic and global pepper prices update on 08/25/2024
The pepper market on August 25 showed no new fluctuations.
Specifically, the price of black pepper from Lampung, Indonesia, remains at $ 7,490/ton. The price of white pepper from Muntok, Indonesia, is steady at $ 8,818/ton.
The price of black pepper Kuching ASTA from Malaysia is stable at $ 8,500/ton, while the white pepper ASTA from Malaysia is priced at
$ 10,400/ton.
In the Brazilian market, the black pepper ASTA 570 continues to trade at $ 6,300/ton.
In Vietnam, the export price of black pepper 500 g/l has dropped to $ 5,800/ton, while the 550 g/l variety is at $ 6,200/ton. The export price of white pepper remains at $ 8,500/ton.
Global pepper prices today remained unchanged. Summarizing this week, the global pepper market exhibited mixed movements, with only India and China recording declines.
Thus, on 08/25/2024, global pepper prices remained stable compared to the previous day.
Domestically, the pepper market on August 25 remained unchanged compared to the previous day.
Specifically, Dak Lak is still purchasing pepper at VND 145,000/kg.
The price of pepper in Dak Nong today stands at VND 145,000/kg.
Pepper in Gia Lai is trading at VND 144,000/kg.
Traders in Dong Nai continue to purchase pepper at VND 144,000/kg.
The price of pepper in Ba Ria - Vung Tau remains at VND 144,000/kg.
Binh Phuoc is trading pepper at VND 144,000/kg.
Domestic pepper prices today remain stable, with the highest level reaching VND 145,000/kg. Summarizing this week, the domestic pepper market has seen a strong reversal, increasing by up to VND 6,000.
Mrs. Hoang Thi Lien, President of the Vietnam Pepper Association (VPSA), stated that the Ministry of Industry and Trade is currently seeking feedback from businesses regarding the establishment of a Commodity Exchange, where pepper will also be one of the traded commodities.
This is not a new idea; the proposal to establish a pepper trading exchange was also put forward by the Vietnam Pepper Association (the predecessor of VPSA) eight years ago, in May 2016.
The association believes that Vietnam's pepper has accounted for over 50% of the global commercial supply for many years, and the establishment of a trading exchange will help the industry strengthen its market development and influence global pepper trade.
The VPA added that pepper is a commodity that can be stored in warehouses for 2-3 years, allowing farmers to hold onto their stock until prices are favourable, a practice not seen with other agricultural products.
However, this mentality has led to market instability. This is also one of the main reasons why the VPA has developed the idea of establishing a pepper trading exchange.
Thus, on 08/25/2024, domestic pepper prices are trading around VND 142,000 - 145,000/kg.
$ 1 = VND 24.780 - Source: Vietcombank.
Translated by Hoang Duy
(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.
(VAN) Pepper prices on 09/17/2024, decreased slightly by VND 1,000 in Dak Lak and Dak Nong. Domestic pepper prices are at VND 152,000 - 155,000/kg.
(VAN) Pepper prices on 09/16/2024, remain stable Currently, domestic pepper prices are trading around the range of VND 152,000 - 156,000/kg.
(VAN) Rice prices on 09/16/2024, have not shown any new changes for both paddy and rice. In terms of exports, the price of Vietnamese rice remains stable.
(VAN) Coffee prices on 09/16/2024, remain steady both domestically and globally. Currently, domestic coffee prices are trading around VND 123,500 - 124,000/kg.
(VAN) Coffee prices on 09/15/2024, are trading around VND 123,500 - 124,000/kg. This week, domestic coffee prices have surged by VND 6,000.
(VAN) Pepper prices on 09/15/2024, are hovering around VND 152,000 - 156,000/kg. Domestic pepper prices have increased significantly by VND 2,000 - 3,000.
