Pepper prices on January 4, 2024: Domestic prices rise sharply

Pepper prices on January 4 globally

Globally, pepper prices on January 4 are slightly increasing in Indonesia.

Specifically, the price of black pepper Lampung in Indonesia increased by 0.12% to $ 6,832/ton, while white pepper Muntok also rose by 0.12% to $ 8,940/ton.

The price of Kuching ASTA black pepper from Malaysia is at $ 8,500/ton, while ASTA white pepper from the same country is priced at $ 10,700/ton.

In Brazil, the price of black pepper ASTA 570 is trading at $ 6,325/ton.

For Vietnam, the export price of black pepper 500 g/l is $ 6,400/ton, while the 550 g/l type is $ 6,700/ton. Meanwhile, the export price of white pepper stands at $ 9,600/ton.

Global pepper prices today showed slight increases in Indonesia but remained unchanged in other countries.

Thus, compared to yesterday, global pepper prices on January 4, 2024, edged up slightly in Indonesia.

Pepper prices on January 4 domestically

Domestically, pepper prices on January 4 saw an increase of up toVND 2,500 compared to yesterday.

In Dak Lak, buying prices rose to VND 148,000/kg, up VND 1,000.

In Dak Nong, prices surged by VND 2,500, reaching VND 149,500/kg.

In Gia Lai, pepper prices increased by VND 1,000 to VND 147,500/kg.

Traders in Dong Nai purchased pepper at VND 147,500/kg, up VND 1,000.

In Ba Ria - Vung Tau, prices climbed by VND 2,000 to VND 149,000/kg.

Meanwhile, traders in Binh Phuoc maintained transactions at VND 147,000/kg.

Average export price of pepper in 2024 reached $5,276/ton, up 54.1% ($1,852/ton) compared to last year.

With these achievements in 2024, Vietnam continues to solidify its position as the world’s leading pepper exporter.

However, to maintain this position, improving product quality and increasing its value are key factors.

Experts point out that the Vietnamese pepper industry is currently facing numerous challenges, including adverse weather, rising production costs, and diseases, while the area of pepper cultivation is decreasing due to crop restructuring. Nevertheless, with low stock levels and the forecasted delay in the 2025 harvest due to prolonged drought, pepper prices are expected to rise in the near future.

Thus, domestic pepper prices on January 4, 2024, are trading around VND 147,000 - 149,500/kg.

$ 1 = VND 25.220 - Source: Vietcombank.