January 31, 2025 | 13:15 GMT +7
Hotline: 0913.378.918
January 31, 2025 | 13:15 GMT +7
Hotline: 0913.378.918
Latest domestic and global pepper price update on 09/15/2024
Globally, pepper prices on September 15 show no new fluctuations.
Specifically, the price of black pepper from Lampung, Indonesia remains at $ 7,562/ton, while the price of white pepper from Muntok, Indonesia stays at $ 9,121/ton.
The price of Kuching ASTA black pepper from Malaysia is $ 8,800/ton, and white pepper ASTA from Malaysia is priced at 10,900/ton.
In Brazil, black pepper ASTA 570 is trading at $ 7,500/ton.
In Vietnam, black pepper for export (500 g/l) is being traded at $ 7,100/ton, while the 550 g/l type is priced at $ 7,225/ton. The price of white pepper for export is currently at $ 10,150/ton.
Global pepper prices remain stable today. This week, the global pepper market has shown positive growth with no country reporting a decline. In particular, domestic and international pepper prices in India have both rebounded after two weeks of stagnation.
According to experts, this week’s rise in pepper prices is due to increased demand from the Chinese and Middle Eastern markets. The weakening USD, amid expectations of the Fed cutting interest rates, has also supported commodity prices in general, including pepper.
Additionally, concerns about supply shortages continue to plague the market. According to Globo, drought in Espirito Santo (Brazil) has affected both coffee and pepper farmers in the state.
The current black pepper crop has been damaged by 50% due to high summer temperatures, and this situation is expected to persist into autumn and winter. The pepper berries have fallen prematurely, and farmers are reporting that this year’s harvest will be very limited.
In Vietnam, a recent independent survey indicates that next year’s harvest could also be delayed due to weather conditions.
Thus, global pepper prices on 09/15/2024, remain unchanged compared to yesterday.
Domestically, pepper prices on September 15 remain stable compared to yesterday.
Specifically, Dak Lak continues to purchase pepper at VND 156,000/kg;
Pepper prices in Dak Nong today hold steady at VND 156,000/kg;
Pepper prices in Gia Lai are trading at VND 154,000/kg;
Traders in Dong Nai continue to buy pepper at VND 154,000/kg;
Pepper prices in Ba Ria - Vung Tau remain at VND 155,000/kg;
Meanwhile, Binh Phuoc continues trading pepper at VND 152,000/kg.
Domestic pepper prices today show no new fluctuations, with the highest level reaching VND 156,000/kg.
Summing up this week, the domestic pepper market has surged by an additional VND 2,000 - 3,000. Compared to the beginning of September, pepper prices have spiked by up to VND 10,000/kg (with Binh Phuoc alone rising by VND 7,000).
Thus, on 09/15/2024, domestic pepper prices are trading in the range of VND 152,000 - 156,000/kg.
$ 1 = VND 24.360 - Source: Vietcombank.
Translated by Hoang Duy
(VAN) It's a new year but virtually the same old retail prices for fertilizers.
(VAN) From the FAO Regional Office for Latin America and the Caribbean.
(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.
