March 6, 2025 | 18:40 GMT +7
Hotline: 0913.378.918
March 6, 2025 | 18:40 GMT +7
Hotline: 0913.378.918
Latest domestic and global pepper prices as of December 24, 2024
Globally, pepper prices are rising significantly in Indonesia.
Specifically, Lampung black pepper in Indonesia saw a strong increase of 1.48%, reaching $ 6,840/ton. Meanwhile, Muntok white pepper rose by 0.44%, trading at $ 8,950/ton.
Kuching ASTA black pepper from Malaysia is priced at $ 8,400/ton, while ASTA white pepper from the same country is trading at $ 10,600/ton.
In the Brazilian market, ASTA 570 black pepper is being traded at $ 6,275/ton.
In Vietnam, exported black pepper of the 500 g/l grade is trading at $ 6,400/ton, while the 550 g/l grade is priced at $ 6,700/ton. Exported white pepper is currently at $ 9,600/ton.
Global pepper prices today remained mostly stable, with the exception of a significant price increase for pepper in Indonesia.
Thus, global pepper prices on December 24, 2024, saw a notable increase in Indonesia compared to yesterday.
In the domestic market, pepper prices today reversed and decreased compared to yesterday.
Specifically, in Dak Lak province, the purchase price remains at VND 145,000/kg.
In Dak Nong province, the price of pepper dropped by VND 300, reaching VND 145,000/kg.
In Gia Lai province, pepper is being traded at VND 144,000/kg, a slight decrease of VND 500.
In Dong Nai province, traders are purchasing pepper at VND 144,000/kg, down by VND 1,000.
In Ba Ria - Vung Tau province, the price of pepper decreased by VND 500, settling around VND 145,000/kg.
Finally, in Binh Phuoc province, traders are offering pepper at VND 144,000/kg, a decrease of VND 1,000.
Today, domestic pepper prices remained stable in Dak Lak but decreased by VND 300 - 1,000 in other key regions.
According to experts, the drop in domestic prices is due to sluggish global demand. Most markets have already accumulated enough stock for the first quarter of the next year.
Forecasts for the next 3-5 years indicate that global pepper production will not be enough to meet consumption demand. Agricultural experts also agree that pepper has entered a new cycle of price increases.
Currently, Vietnam is one of the top three spice producers and exporters in the world. According to statistics, there are 35 pepper processing factories nationwide that meet ISO, HACCP, BRC, ESA, and ASTA standards, with a processing capacity of about 140,000 tons per year.
Thus, domestic pepper prices on December 24, 2024, are trading around VND 144,000 - 145,000/kg.
$ 1 = VND 25.193 - Source: Vietcombank.
Translated by Hoang Duy
(VAN) Experts warn the price of groceries may rise because of the tariffs imposed Tuesday on Canada, Mexico and China, but before the produce lands on shelves, farmers will be affected first.
(VAN) Survey results involving nearly 28,400 samples from 95 countries across the globe have found an increasing rise in mycotoxins last year.
(VAN) Pepper prices on March 5, 2025, continue to rise in Indonesia. Domestic pepper prices have increased by VND 200 - VND 1,000.
(VAN) Coffee prices on March 5, 2025, continue to rise. Domestic coffee prices have surged by another VND 2,000, trading around VND 133,000 - VND 135,100/kg.
(VAN) Coffee prices on March 4, 2025, have surged sharply. Currently, domestic coffee prices have risen by VND 3,000, trading around VND 131,000 - 133,000/kg.
(VAN) Pepper prices on March 4, 2025, is rising sharply in Indonesia. Domestic pepper price increased slightly by VND 200 in Dak Lak.
(VAN) Pepper prices on March 3, 2025, remain unchanged globally. Currently, domestic pepper prices continue to trade around VND 157,000 - 159,000/kg.
