Pepper prices on November 25, 2024: Highest at VND 140,000/kg

Pepper prices on November 25 globally

Globally, pepper prices on November 25 showed no new changes.

Specifically, the price of Lampung black pepper in Indonesia remains at $ 6,470/ton, while Muntok white pepper is at $ 9,055/ton.

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

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

In Vietnam, black pepper for export with a density of 500 g/l is priced at $ 6,200/ton, while the 550 g/l grade is at $ 6,500/ton. White pepper for export is currently priced at $ 9,400/ton.

Global pepper prices today remained unchanged. Last week, the pepper market showed mixed trends, with only Sri Lanka's domestic black pepper prices continuing to rise.

Pepper prices are currently under significant pressure from the strengthening USD (with the DXY index at 106.85 at the time of the survey) due to escalating geopolitical instability worldwide and investor enthusiasm following Donald Trump's election as President of the United States.

The excitement among many global investors has driven them toward USD-denominated assets, such as U.S. government bonds, American stocks, and gold.

High demand has pushed up the value of the U.S. dollar, affecting the currencies of many countries worldwide. Depreciation in local currencies has driven down the export prices of agricultural products, including pepper.

Thus, global pepper prices on November 25, 2024, remained stable compared to yesterday.

Pepper prices on November 25 domestically

In the domestic market, pepper prices also showed no new changes compared to yesterday.

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

In Dak Nong, pepper prices are at VND 140,000 /kg.

In Gia Lai, pepper is trading at VND 139,500/kg.

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

In Ba Ria - Vung Tau, pepper prices are at VND 140,000/kg.

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

Domestic pepper prices remained steady today, with the highest level recorded at VND 140,000/kg. Over the past week, this agricultural product saw a slight increase of VND 500 - 1,000.

Experts suggest that the pepper market this week is unlikely to experience any strong impacts, with prices expected to fluctuate around VND 140,000/kg.

Thus, on November 25, 2024, domestic pepper prices are trading at VND 139,000 - 140,000/kg.

$ 1 = VND 25.167 - Source: Vietcombank.