January 28, 2025 | 04:54 GMT +7
Hotline: 0913.378.918
January 28, 2025 | 04:54 GMT +7
Hotline: 0913.378.918
Latest domestic and global pepper price update on 10/05/2024
Globally, pepper prices on October 5 continued to decline in Indonesia.
Specifically, the price of black pepper from Lampung, Indonesia, decreased by 0.65% to $ 6,782/ton, while white pepper from Muntok dropped by 0.66%, reaching $ 9,068/ton.
The price of Kuching ASTA black pepper in Malaysia stood at $ 8,900/ton, while ASTA white pepper was priced at $ 11,200/ton.
In Brazil, black pepper ASTA 570 traded at $ 6,850/ton.
In Vietnam, the export price of black pepper 500 g/l was at $ 6,800/ton, while the 550 g/l variety was at $ 7,100/ton. White pepper for export remained at $ 10,150/ton.
Global pepper prices today continued to decline in Indonesia but remained stable in other markets.
Mr. Chang Foong Hin, Deputy Minister of Plantation Industries and Commodities of Malaysia, stated that Japan currently accounts for nearly 50% of Malaysia's pepper exports.
"Japan is our traditional market because Malaysian pepper has a distinctive spiciness compared to other countries. Besides Japan, other major export markets include China, South Korea, and Sweden," Mr. Chang Foong Hin shared.
He also mentioned that the trade value of pepper with Singapore is promising, having risen to 8.2 million RM (equivalent to 368.1 tons) in the first seven months of this year compared to 5.86 million RM (288.44 tons) during the same period last year.
The pepper cultivation area in Malaysia has increased to 8,215 hectares in 2024, up from 8,172 hectares last year, while the number of farmers has also increased from 38,986 to 39,137.
Thus, global pepper prices on 10/05/2024, saw a slight decline in Indonesia compared to yesterday.
In the domestic market, pepper prices on October 5 decreased by VND 1,000 compared to yesterday.
Specifically, Dak Lak purchased pepper at VND 147,000/kg;
Pepper in Dak Nong dropped to VND 146,000/kg;
in Gia Lai, pepper was traded at VND 147,000/kg;
Traders in Dong Nai bought pepper at VND 147,000/kg;
In Ba Ria - Vung Tau, pepper was priced at VND 147,000/kg;
In Binh Phuoc, pepper was traded at VND 147,000/kg.
Domestic pepper prices today continued to decline, bringing this agricultural product down to the level of VND 147,000/kg.
Thus, domestic pepper prices on 10/05/2024, are trading around VND 146,000 - 147,000/kg.
$ 1 = VND 24.550 - 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.
