January 28, 2025 | 06:26 GMT +7
Hotline: 0913.378.918
January 28, 2025 | 06:26 GMT +7
Hotline: 0913.378.918
Update on pepper prices globally and domestically on 08/27/2024
Globally, the pepper market on August 27 is seeing increases in Indonesia.
Specifically, the price of Lampung black pepper in Indonesia has risen by 1.11%, reaching $ 7,574/ton. The price of Muntok white pepper in the country has also increased by 1.12%, standing at $ 8,918/ton.
The price of Kuching ASTA black pepper in Malaysia remains at $ 8,500/ton, while the white pepper ASTA from the same country is priced at $ 10,400/ton.
In Brazil, the price of ASTA 570 black pepper continues to trade at $ 6,300/ton.
In Vietnam, the export price of black pepper, grade 500 g/l, is trading at $ 5,800/ton, while the grade 550 g/l is priced at $ 6,200/ton. The export price of white pepper remains at $ 8,500/ton.
Today, pepper prices globally have increased in Indonesia but remain stable in other countries. The weakening USD, amid expectations of a potential Fed rate cut in the next meeting, has supported the prices of agricultural commodities, including pepper.
Over the past week, both domestic and export pepper prices in India have decreased, while Sri Lanka’s prices have remained unchanged.
In Southeast Asia, both domestic and export pepper prices in Indonesia have recorded an increase this week, partly due to the Indonesian Rupiah appreciating by 2% against the USD (15,532 IDR/USD).
In Malaysia and Vietnam, domestic pepper prices have risen while export prices have remained unchanged.
Brazil's black pepper prices continued to rise over the past week. Meanwhile, Cambodia’s black pepper prices have remained stable. In China, white pepper prices have shown a decreasing trend.
Thus, on 08/27/2024, global pepper prices have risen significantly in Indonesia compared to the previous day.
In the domestic market, pepper prices have seen little change compared to yesterday.
Specifically, in Dak Lak, pepper is still being bought at VND 144,000/kg.
Pepper prices in Dak Nong remain at VND 144,000/kg.
In Gia Lai, pepper prices have increased by VND 500, reaching VND 143,500/kg.
In Dong Nai, pepper continues to be bought at VND 143,000/kg.
Pepper prices in Ba Ria - Vung Tau remain at VND 143,000/kg.
In Binh Phuoc, the price of pepper is at VND 143,000/kg.
Today, domestic pepper prices have largely remained steady, with only Gia Lai seeing a slight increase of VND 500. Currently, the highest price nationwide is VND 144,000/kg.
Thus, on 08/27/2024, domestic pepper prices are trading around VND 143,000 - 144,000/kg.
$ 1 = VND 24.630 - Source: Vietcombank.
Translated by Hoang Duy
(VAN) Thus, pepper prices are expected to remain higher this year and surmount the aforementioned figure, as the production of pepper is anticipated to decrease while the demand remains steady.
(VAN) Old school meteorologists, sociologists and economists long have believed that the solar cycle has a huge impact on human activity and the general health of all living things.
(VAN) Coffee prices on January 22, 2025, continue to rise sharply, with an increase of VND 1,000 - 1,500/kg, ranging from VND 119,300 – 121,300/kg.
(VAN) Pepper prices on January 21, 2025, continue to remain stable in the Central Highlands and the South. Prices range from VND 145,000 to VND 146,000/kg.
(VAN) Coffee prices on January 21, 2025, slightly decreased by VND 800 to 1,100/kg after increases. Current coffee prices range at VND 118,200 to 119,000/kg.
(VAN) Live pig prices on January 21, 2025, decreased in the North and Central regions. Live pig prices across the country are at VND 66,000 - and 69,000/kg.
(VAN) Pepper prices on January 20, 2025, domestically remain stable in most key growing regions, ranging between VND 145,000 and VND 146,000/kg.
