Pepper price today June 25, 2024: Continue to decrease sharply to 145,000

Domestic pepper price today

Pepper prices today, June 25, 2024, in the Southeast region, decreased sharply from 6,000 - 9,000 VND/kg in all localities, trading around 145,000 VND/kg, the highest purchase price in Dak Lak, Ba Ria - Vung Tau, Binh Phuoc provinces is 146,000 VND/kg.

Accordingly, Dak Lak pepper price is purchased at 146,000 VND/kg. Chu Se pepper price (Gia Lai) is currently at 145,000 VND/kg. Dak Nong pepper price today is recorded at 145,000 VND/kg.

Pepper price today June 25, 2024: Continue to decrease sharply to 145,000 - 146,000 VND/kg

In the Southeast region, pepper prices today dropped sharply from 6,000 - 7,500 VND/kg. Specifically, in Ba Ria - Vung Tau, it dropped to 146,000 VND/kg; in Binh Phuoc, pepper prices reached 146,000 VND/kg.

Domestic pepper prices continued to fall sharply today, trading at 145,000 VND/kg. Thus, domestic pepper prices today fell sharply in some key localities compared to yesterday. In all localities, pepper prices were at 145,000 VND/kg or higher. The highest pepper price was recorded at 146,000 VND/kg.

World pepper price today

At the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Lampung black pepper (Indonesia) at 7,090 USD/ton, down 9.62%; the price of Brazilian black pepper ASTA 570 at 7,200 USD/ton, down 4.17%; the price of Kuching black pepper (Malaysia) ASTA at 7,500 USD/ton.

Muntok white pepper price is 9.02 USD/ton, down 7.36%; Malaysian ASTA white pepper price is at 8,800 USD/ton.

Vietnam's black pepper price is trading at 5,900 USD/ton for 500 g/l, down 10.17%; 550 g/l is at 6,300 USD/ton, down 9.52%; white pepper price is at 8,800 USD/ton, down 1.23%. IPC sharply reduced pepper prices in Indonesia and Brazil, sharply reducing Vietnam's pepper export price.

Pepper imports into the EU are showing signs of recovery in the first months of 2024 after a decline last year.

According to data from the European Statistical Office (Eurostat), the EU imported 18,474 tons of pepper from non-EU markets in the first four months of the year, worth 83.7 million EUR, up 22.9% in volume and 27% in value over the same period in 2023.

In April alone, pepper imports into the EU reached the highest level since the beginning of 2023, with 5,440 tons, up 22.7% over the previous month and nearly 40% over the same period last year. This is also the fourth consecutive month that pepper imports into the EU have increased compared to the same period last year.

In the first four months of the year, the EU imported a total of 11,359 tons of pepper from Vietnam worth more than EUR 48.5 million, up 25.1% in volume and 32.1% in value over the same period last year. With a volume of 11,359 tons, up 25.1% over the same period last year and accounting for 61.5% of the region's total imports of this item, Vietnam continued to be the largest pepper supplier to the EU in the first four months of the year.

EU pepper imports from other markets also increased sharply compared to the same period last year, such as: Brazil reached 3,443 tons, up 25.3%; Indonesia reached 1,384 tons, up 32.2%; India reached 952 tons, up 9.9%.

The average import price of pepper to the EU from Vietnam reached 4,273 EUR/ton, from Brazil it was 3,665 EUR/ton, from Indonesia it was 5,509 EUR/ton, and from India it was 6,646 USD/ton.

Recently, the EU market's requirements and regulations on non-tariff barriers continue to increase and become increasingly strict. This market also continuously warns about pesticide residues as well as increases the frequency of control and tightens MRLs regulations for food in general, including Vietnamese spices.

The Vietnam Pepper and Spice Association (VPSA) said that the EU is a potential market for Vietnamese pepper exports. However, to take advantage of these opportunities, the pepper industry must move towards sustainable production, as more and more European consumers are demanding certifications that ensure product sustainability.

Domestic pepper price on June 25 , 2024

Province, city	Unit	Trader purchase price	Increase/decrease from yesterday
Chu Se (Gia Lai)	VND/kg	145,000	– 6,500
Dak Lak	VND/kg	146,000	– 9,000
Dak Nong	VND/kg	145,000	– 9,000
Binh Phuoc	VND/kg	146,000	– 6,000
Ba Ria - Vung Tau	VND/kg	146,000	– 7,500