February 5, 2025 | 10:49 GMT +7
Hotline: 0913.378.918
February 5, 2025 | 10:49 GMT +7
Hotline: 0913.378.918
Latest domestic and global pepper price updates on November 26, 2024
Worldwide, pepper prices on November 26 are seeing a strong increase in Indonesia.
Specifically, the price of Lampung black pepper in Indonesia rose by 2.46%, reaching $ 6,624/ton. Meanwhile, Muntok white pepper from the country increased by 1.06%, hitting $ 9,139/ton.
Kuching ASTA black pepper in Malaysia is priced at $ 8,400/ton, while the country's ASTA white pepper is at $ 10,500/ton.
In Brazil, ASTA 570 black pepper is trading at $ 6,000/ton.
In Vietnam, the export price for 500 g/l black pepper stands at $ 6,200/ton, while the 550 g/l variety is priced at $ 6,500/ton. Export white pepper is currently at $ 9,400/ton.
Global pepper prices today have sharply increased in Indonesia but remain unchanged in other countries.
Thus, global pepper prices on November 26, 2024, have risen strongly in Indonesia compared to the previous day.
Domestically, pepper prices on November 26 uniformly increased by VND 1,000 compared to the previous day.
Specifically, Dak Lak is purchasing pepper at VND 141,000/kg;
Dak Nong's pepper price today is at VND 141,000/kg;
Gia Lai is trading pepper at VND 140,500/kg;
Traders in Dong Nai are buying pepper at VND 140,500/kg;
Ba Ria - Vung Tau's pepper price is at VND 141,000/kg;
Meanwhile, traders in Binh Phuoc are trading pepper at VND 140,000/kg.
Domestic pepper prices today continue to rise, pushing the commodity to reach VND 141,000/kg.
In the first 10 months of this year, pepper exports have generated over $ 1.1 billion, and it is estimated that by the end of 2024, the total export value could reach $ 1.4 billion. The Vietnamese pepper and spice industry aims to become a source of high-quality spices, sustainably produced, with traceability records, and meet the regulations of importing countries.
The unpredictable weather, droughts, heavy rains, and fluctuating temperatures pose challenges for farmers in Vietnam. These factors increase the investment costs in irrigation and pest prevention to maintain productivity.
Additionally, during periods when pepper prices were low, many farmers switched to more profitable crops such as durian and coffee, which reduced the area and total production of pepper.
Thus, domestic pepper prices on November 26, 2024, are trading around VND 140,000 - 141,000/kg.
$ 1 = VND 25.170 - Source: Vietcombank.
Translated by Hoang Duy
(VAN) Coffee prices on February 4, 2025, surged by VND 1,700 – 1,900/kg domestically, currently ranging from VND 129,700 – 130,700/kg.
(VAN) Pepper prices on February 4, 2025, range from VND 149,000 to VND 150,000/kg, up sharply by VND 1,500 – VND 2,000/kg compared to yesterday.
(VAN) Despite efforts to liberalise rice imports and reduce tariffs, the agriculture department said, the domestic market has been slow to respond, with retail prices surpassing expectations.
(VAN) Pepper prices on February 3, 2025, remain unchanged in both domestic and global markets. Domestic pepper prices are trading at VND 147,000 - 148,200/kg.
(VAN) Live pig prices remain steady, ranging from VND 66,000 - 69,000/kg. In Quang Ninh, efforts are being made to protect livestock during the cold weather.
(VAN) Coffee prices on February 3, 2025, remain unchanged. Domestic coffee is currently trading in the range of VND 127,800 - 129,000/kg.
(VAN) Global arabica coffee prices hit record highs above $3.60 per lb as Brazil, by far the world's largest producer, has few beans left to sell and as worries over its upcoming harvest persist.
