Pepper prices on December 16, 2024: Highest at VND 146,200/kg

Pepper prices on December 16, 2024

Globally, pepper prices on December 16 remained unchanged.

Accordingly, black pepper from Lampung, Indonesia, is holding steady at $ 6,787/ton. Meanwhile, white pepper from Muntok remains at $ 9,068/ton.

Kuching ASTA black pepper from Malaysia is priced at $ 8,200/ton, while ASTA white pepper from the country is at $ 10,400/ton.

In Brazil, ASTA 570 black pepper is being traded at $ 6,300/ton.

In Vietnam, export prices for black pepper of 500 g/l grade are at $ 6,300/ton, while the 550 g/l grade stands at $ 6,600/ton. White pepper for export is currently at $ 9,400/ton.

Global pepper prices on December 16, 2024, remain stable. Last week, the pepper market showed mixed movements.

Specifically, black pepper from Indonesia increased by 1.3%, Vietnam's export pepper prices rose by 1.1% to 1.6%, and Brazil's black pepper increased slightly by 0.4%. On the other hand, Malaysia's pepper prices remained unchanged, and white pepper from Indonesia saw a slight decline of 0.9%.

According to VPSA, in the first 10 months of 2024, Indonesia exported 44,357 tons of pepper, with a total export value of $ 239.7 million.

Compared to the same period in 2023, export volume increased by 114.2%, and export value increased by 141.3%. Indonesia's exports have been consistently growing month by month, especially in September and October, when exports exceeded 8,000 tons.

Vietnam is the main export market for Indonesian pepper, accounting for 30.2% at 13,409 tons, a 347.3% increase compared to the same period last year. China follows with 15.5%, reaching 6,885 tons, a 76.8% increase; the US holds 14.7% at 6,506 tons, a 109.1% increase; and India represents 10.6%, with 4,709 tons, a 48.7% increase compared to the previous year.

Thus, global pepper prices on December 16, 2024, remain stable compared to yesterday.

Pepper prices on December 16 doemstically

Domestically, pepper prices on December 16 remain unchanged from yesterday.

Specifically, in Dak Lak, pepper is being bought at VND 146,000/kg.

In Dak Nong, the price is VND 146,200/kg.

In Gia Lai, the price remains at VND 145,000/kg.

In Dong Nai, pepper is being bought at VND 146,000/kg.

In Ba Ria - Vung Tau, the price remains at VND 146,000/kg.

In Binh Phuoc, pepper continues to be bought at VND 146,000/kg.

Thus, domestic pepper prices on December 16, 2024, are trading around VND 145,000 - 146,200/kg.

$ 1 = VND 25.155 - Source: Vietcombank.