Unexpected sharp decline

Update pepper price today November 21, 2024, domestic prices suddenly dropped sharply, Gia Lai, Ba Ria - Vung Tau 'evaporated' 1,000 VND/kg, pepper price on November 21.

Domestic pepper price today

Pepper price today, November 21, 2024, domestic pepper price situation suddenly decreased sharply. In Gia Lai and Ba Ria - Vung Tau provinces, it decreased by 1,000 VND/kg compared to yesterday, November 20, 2024; Dak Lak, Binh Phuoc, Dak Nong all decreased by 500 VND/kg compared to yesterday.

Specifically, Gia Lai area is purchased at 138,000 VND/kg, equal to Ba Ria - Vung Tau. Binh Phuoc is at 138,500 VND/kg, 500 VND/kg higher than Gia Lai and Ba Ria - Vung Tau. Dak Lak and Dak Nong are at 139,500 VND/kg.

The average pepper price today, November 21, 2024, fluctuates between 138,000 - 139,500 VND/kg, down 700 VND/kg compared to yesterday.

Meanwhile, yesterday, November 20, 2024, the domestic purchasing situation was basically stable, except for Dak Lak province, which increased slightly by 500 VND/kg compared to November 19, 2024, equal to Dak Nong at 140,000 VND/kg; Gia Lai, Ba Ria - Vung Tau, Binh Phuoc regions maintained the price at 139,000 VND/kg.

World pepper price today

Update on world pepper prices from the International Pepper Community (IPC), at the end of the most recent trading session, the market was stable, with no changes compared to. IPC listed the price of Indonesian Lampung black pepper at 6,470 USD/ton; the price of Muntok white pepper at 9,055 USD/ton.

The price of Brazilian ASTA 570 black pepper is at 6,000 USD/ton. The price of Malaysian ASTA black pepper is at 8,400 USD/ton; the price of this country's ASTA white pepper is at 10,500 USD/ton.

Of which, the price of Vietnamese black pepper is stable at 6,200 USD/ton for 500 g/l, 550 g/l remains at 6,500 USD/ton; the price of white pepper is at 9,400 USD/ton, unchanged.

India’s pepper production is expected to reach around 60,000 tonnes in 2023/24, up around 6% from the previous year. The country still faces a shortage as domestic demand is expected to exceed 66,000 tonnes.

VPSA said Vietnam is still the world's top pepper producer and exporter. However, in the context of competition and market fluctuations favorable for other crops such as coffee and durian, Vietnam's pepper acreage and output are decreasing. The decrease in supply while the demand for consumption is increasing has pushed up pepper prices.