Pepper prices on November 15, 2024: Slight decline

Pepper prices on November 15 globally

Globally, pepper prices continue to decline in Indonesia. The price of black pepper from Lampung, Indonesia has dropped by 0.59%, now at $ 6,476/ton. White pepper from Muntok in Indonesia also decreased by 0.58%, now at $ 9,063/ton.

The price of black pepper ASTA from Kuching, Malaysia is $ 8,500/ton, while white pepper ASTA from Malaysia is priced at $ 11,000/ton.

In Brazil, black pepper ASTA 570 is trading at $ 6,000/ton, reflecting a significant decrease of 5%.

In Vietnam, the price of black pepper for export (500 g/l) is $ 6,200/ton, while the price for 550 g/l is $ 6,500/ton. The price of white pepper for export is $ 9,400/ton.

Global pepper prices continue to decline in Indonesia, with no significant changes in other markets.

In terms of production, India has been affected by a prolonged dry spell during June and July, which impacted the formation of pepper berries in many areas, despite a relatively good flowering period earlier. Rain persisted through September, leading to flower drop and an increase in disease rates. The monsoon is expected to bring more rainfall in the coming weeks.

In Vietnam, after a severe drought earlier this year, the onset of rain has led to a good flowering period in many areas. Weather conditions are generally favorable across most growing regions, and if these conditions persist, production is expected to increase. Sporadic rains continue in producing regions.

In Brazil, the peak harvest period is underway in both the northern and southeastern production regions. As the harvest volume increases, selling pressure also rises. However, this year’s changing rainfall patterns have negatively affected yields in both regions.

Pepper prices on November 15 domestically

Domestic pepper prices have decreased compared to yesterday.

Specifically, in Dak Lak, the price has dropped by VND 1,000, with pepper now priced at VND 138,000/kg.

In Dak Nong, prices have decreased by VND 500, with pepper now trading at VND 138,500/kg.

Similarly, in Gia Lai, the price has fallen to VND 137,500/kg.

In Dong Nai, pepper is being bought at VND 137,500/kg, a decrease of VND 500.

Prices in Ba Ria - Vung Tau also dropped by VND 500, reaching VND 137,500/kg.

In Binh Phuoc, the price of pepper is VND 138,000/kg, which is a VND 1,000 decrease.

The domestic pepper price on November 15, 2024, has slightly decreased by VND 500 - 1,000, bringing the price of this commodity below the VND 139,000/kg mark.

Thus, the domestic pepper price is currently trading in the range of VND 137,500 - 138,500/kg.

$ 1 = VND 25.170 - Source: Vietcombank.