Pepper prices on November 27, 2024: Holding at high levels

Pepper prices on November 27 globally

Globally, pepper prices on November 27 showed mixed fluctuations.

Accordingly, the price of Lampung black pepper in Indonesia slightly decreased by 0.42%, settling at $ 6,596/ton. Meanwhile, the price of Muntok white pepper in the same country also dropped by 0.42%, to 9,101 USD/ton.

The price of Kuching ASTA black pepper in Malaysia stood at $ 8,400/ton, while ASTA white pepper from the same country was priced at $ 10,500/ton.

In the Brazilian market, ASTA 570 black pepper traded at 6,050 USD/ton, marking an increase of 0.83%.

In Vietnam, export prices for black pepper of 500 g/l were recorded at $ 6,200/ton, while the 550 g/l variety traded at $ 6,500/ton. Export prices for white pepper were at $ 9,400/ton.

Global pepper prices on November 27, 2024

Today, global pepper prices showed a slight decrease in Indonesia but increased in Brazil. Other markets have remained stable with no new changes.

Thus, the global pepper prices on November 27, 2024, showed mixed fluctuations compared to yesterday.

Pepper prices on November 27 domestically

In the domestic market, there were no new changes in pepper prices compared to yesterday.

Specifically, Dak Lak purchased pepper at VND 141,000/kg;

Dak Nong’s pepper price was at VND 141,000/kg;

Gia Lai's pepper price stood at VND 140,500/kg;

Traders in Dong Nai were buying pepper at VND 140,500/kg;

The price in Ba Ria - Vung Tau was VND 141,000/kg;

Traders in Binh Phuoc were purchasing pepper at VND 140,000/kg.

Today, domestic pepper prices remain stable, with the highest price reaching 141,000 VND/kg.

Currently, Vietnam has over 115,000 ha of pepper and spice crops, with the majority concentrated in the Central Coast and Central Highlands regions, covering more than 75,300 ha, while the remainder is located in the South and the North.

In the near future, the total area dedicated to pepper and spices in the country is expected to decline to around 110,000 ha. The main reasons are weather conditions, pests, and the rising prices of many other agricultural products.

Moreover, expanding market access has become more challenging, with some markets reducing imports and continuing to increase technical standards and barriers for Vietnamese pepper and spice products.

Therefore, controlling the production process, especially soil health and crop quality, will need to be more rigorously enforced.

Thus, the domestic pepper prices on November 27, 2024, are trading around VND 140,000 - 141,000/kg.

$ 1 = VND 25.170 - Source: Vietcombank.