Pepper prices on 11/01/2024: Decreased by up to VND 2,500

Pepper prices on November 1 globally

On the global market, pepper prices have rebounded in Indonesia.

Specifically, the price of black pepper from Lampung, Indonesia, rose by 0.16% to $ 6,691/ton, while Muntok white pepper from the country increased by 0.17% to $ 9,160/ton.

In Malaysia, Kuching ASTA black pepper is priced at $ 8,500/ton, and ASTA white pepper is at $ 11,000/ton.

In Brazil, ASTA 570 black pepper is trading at $ 6,400/ton.

In Vietnam, export prices for black pepper are at $ 6,500/ton for 500 g/l and $ 6,800/ton for 550 g/l grades, while white pepper for export is at $ 9,500/ton.

Global pepper prices today increased slightly in Indonesia but remained unchanged in other markets.

Thus, on 11/01/2024, global pepper prices saw a slight rise in Indonesia compared to yesterday.

Pepper prices on November 1 domestically

Domestically, domestic pepper prices dropped sharply today compared to yesterday.

Specifically, in Dak Lak, prices fell by VND 2,500, with pepper purchased at VND 142,000/kg;

Similarly, in Dak Nong, the price of pepper is currently at VND 142,500/kg, down VND 2,000;

In Gia Lai, pepper prices also decreased by VND 2,000, dropping to VND 141,000/kg;

Likewise, traders in Dong Nai purchased pepper at VND 141,000/kg;

In Ba Ria - Vung Tau, the price of pepper is now only VND 142,000/kg, after a drop of VND 2,000;

In Binh Phuoc, traders are buying pepper at VND 141,000/kg, a decrease of VND 2,000.

Domestic pepper prices today have dropped by as much as VND 2,500. This significant price decline has pushed pepper down to around VND 142,000/kg. In total, for October 2024, domestic pepper prices have decreased by up to VND 7,000/kg.

Thus, on 11/01/2024, domestic pepper prices are trading in the range of VND 141,000 - 142,500/kg.

$ 1 = VND 25.084 - Source: Vietcombank.