Pepper prices on November 24, 2024: Increased by VND 1,000

Pepper prices on November 24 globally

Globally, pepper prices on November 24 remain stable.

Specifically, the price of black pepper from Lampung, Indonesia, holds steady at $ 6,470/ton, while white pepper from Muntok, Indonesia, is priced at $ 9,055/ton.

In Malaysia, Kuching ASTA black pepper is trading at $ 8,400/ton, and ASTA white pepper is priced at $ 10,500/ton.

In Brazil, ASTA 570 black pepper is trading at $ 6,000/ton.

In Vietnam, export prices for black pepper 500 g/l are at $ 6,200/ton, while 550 g/l is priced at $ 6,500/ton. Meanwhile, white pepper for export is priced at $ 9,400/ton.

Global pepper prices today remain unchanged. Over the past week, the global pepper market experienced mixed fluctuations, with Sri Lanka's domestic black pepper prices being the only ones reported to increase.

In the short term, global pepper prices are expected to fluctuate downward. However, the downward trend will not last long due to limited supply and rising seasonal import demand.

In major importing markets, demand is increasing in the US, EU, and Asia, while remaining subdued in the Middle East and China. Significantly reduced stock levels have caused farmers and agents to limit sales.

Currently, Brazil is the world's second-largest producer and exporter of black pepper, accounting for 17–18% of global supply. However, Brazil’s pepper exports for the 2024 season have declined, marking the third consecutive year of reduction due to low production. Meanwhile, Vietnam's 2025 new pepper harvest is expected to be delayed by one month, which will have a positive impact on global pepper prices.

Thus, global pepper prices on November 24, 2024, remain unchanged compared to yesterday.

Pepper prices on November 24 domestically

In the domestic market, pepper prices on November 24 have all increased by VND 1,000 compared to yesterday.

Specifically, Dak Lak is purchasing pepper at VND 140,000/kg;

Pepper prices in Dak Nong today are at VND 140,000/kg;

Pepper prices in Gia Lai today are at VND 139,500/kg;

Traders in Dong Nai are purchasing pepper at VND 139,500/kg;

Pepper prices in Ba Ria - Vung Tau have risen to VND 140,000/kg;

Meanwhile, traders in Binh Phuoc are trading pepper at VND 139,000/kg.

Thus, domestic pepper prices on November 24, 2024, are trading around VND 139,000 - 140,000/kg.

$ 1 = VND 25.170 - Source: Vietcombank.