January 27, 2025 | 02:08 GMT +7
Hotline: 0913.378.918
January 27, 2025 | 02:08 GMT +7
Hotline: 0913.378.918
Latest domestic and global pepper price update on 09/23/2024
Globally, pepper prices today, September 23, saw no new fluctuations.
Accordingly, the price of black pepper from Lampung, Indonesia, remains at $ 7,715/ton, while white pepper from Muntok is priced at $ 9,305/ton.
In Malaysia, black pepper Kuching ASTA is priced at $ 8,800 USD/ton, and white pepper ASTA is trading at $ 10,900/ton.
In Brazil, black pepper ASTA 570 is trading at $ 7,000/ton.
In Vietnam, black pepper for export (500 g/l) is trading at $ 7,100/ton, while the 550 g/l type is priced at $ 7,225/ton. White pepper for export is currently at $ 10,150/ton.
Today, global pepper prices remain steady. Last week, the pepper market showed mixed trends.
In particular, domestic and international pepper prices in India continued to rise. The strengthening of the Indonesian Rupiah against the USD has positively impacted pepper prices there.
Thus, global pepper prices on 09/23/2024 continued to hold steady compared to yesterday.
In the domestic market, pepper prices on September 23 remained stable compared to yesterday.
Specifically, in Dak Lak, pepper is being purchased at VND 151,000/kg;
In Dak Nong, pepper prices are holding at VND 151,000/kg;
In Gia Lai, pepper is trading at VND 150,000/kg;
Traders in Dong Nai are still purchasing pepper at VND 150,000/kg;
In Ba Ria - Vung Tau, pepper prices are maintained at VND 150,000/kg;
Lastly, traders in Binh Phuoc are trading pepper at VND 150,000/kg.
Domestic pepper prices today showed no new fluctuations, with the highest price at VND 151,000/kg. Over the past week, the domestic pepper market experienced a significant drop, losing between VND 2,000 - 5,000.
Currently, these prices are uplifting for pepper growers in various localities, boosting their spirits ahead of this year’s harvest season.
Experts also predict that domestic pepper prices could exceed VND 160,000/kg before the harvest season in Vietnam. One of the main factors driving this increase is the limited global supply.
Looking at the long term, over the next 3 to 5 years, production levels are unlikely to meet global demand.
Mr. Hoang Phuoc Binh, Vice Chairman of the Chư Sê Pepper Association (Gia Lai), noted that the rapid increase in pepper prices is influenced by speculative factors. As global pepper prices rise and surpass domestic prices, many small dealers are hoarding stock and pushing prices up.
The scarce supply combined with increasing market demand has driven pepper prices back up. Additionally, there are opinions that China’s renewed purchasing activities have significantly impacted this agricultural commodity’s price.
Thus, domestic pepper prices on 09/23/2024, are trading around VND 150,000 - 151,000/kg.
$ 1 = VND 24.410 - Source: Vietcombank.
Translated by Hoang Duy
(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.
(VAN) Coffee prices on January 20, 2025: Domestic coffee prices continue to rise, increasing by VND 300–700/kg and ranging from VND 119,300 to 120,500/kg.
