Pepper prices on 09/12/2024: slight increases in some regions

Pepper prices on September 12 globally

In the global market, pepper prices on September 12 increased across Southeast Asia.

Accordingly, black pepper from Lampung, Indonesia, rose by 0.2%, reaching $ 7,557=/ton. White pepper from Muntok increased by 0.21%, priced at $ 9,115/ton.

Malaysia's Kuching black pepper (ASTA) is priced at $ 8,800/ton, while white pepper (ASTA) from Malaysia reached $ 10,900/ton.

In Brazil, black pepper (ASTA 570) is being traded at $ 7,50 USD/ton.

For Vietnam, the price of black pepper 500 g/l for export surged to $ 7,100/ton (a 7.04% increase). Black pepper 550 g/l reached $ 7,225/ton, up by 3.11%. Meanwhile, white pepper for export now stands at $ 10,150/ton (an 8.37% increase).

Global pepper prices today have increased slightly in Indonesia and risen sharply for Vietnamese export pepper. Meanwhile, prices in other countries remain stable.

Thus, global pepper prices on 09/12/2024, have rebounded compared to yesterday.

Pepper prices on September 12 domestically

In the domestic market, pepper prices on September 12 have increased slightly in a few areas compared to yesterday.

Specifically, in Dak Lak, prices have risen by VND 500, reaching VND 156,000/kg.

In Dak Nong, prices have increased by VND 1,000, reaching VND 156,000/kg.

In Gia Lai, prices continue to trade at VND 153,000/kg.

Traders in Dong Nai are still buying pepper at VND 153,000/kg.

In Ba Ria - Vung Tau, prices remain steady at VND 155,000/kg.

In Binh Phuoc, pepper prices continue to trade at VND 152,000/kg.

Domestic pepper prices today have continued to increase by VND 500 - 1,000 in Dak Lak and Dak Nong, while other key regions remain stable.

Marcellus Giovanni, the CEO of Brazspice Spices International, stated that a quick survey of pepper gardens in key regions such as Dak Nong, Dak Lak, Binh Phuoc, Ba Ria-Vung Tau, and Dong Nai reveals that while there are quite a few pepper chains, some are sparse. Additionally, the pepper is still very young compared to the same period last year.

Due to the prolonged drought in April and May in key pepper-growing regions, Vietnam's 2025 harvest will be delayed.

It is forecasted that the 2025 pepper harvest will largely occur in February, with many areas extending into March and April, 1 to 2 months later than previous years due to the prolonged drought.

According to VPSA, Vietnam’s pepper production in the past season decreased by 10% compared to the previous year, down to 170,000 tons. This is also the lowest level in the past 5 years.

In the first 8 months of the year, Vietnam exported 183,756 tons of pepper of various types, with a turnover of 881.2 million USD; this is a 2.1% decrease in volume but a 43% increase in value compared to the same period last year.

Thus, domestic pepper prices on 09/12/2024, are trading around VND 153,000 - 156,000/kg.

$ 1 = VND 24.335 - Source: Vietcombank.