Pepper price today November 6, 2024: Down 1,000 VND/kg in Ba Ria

Pepper prices today, November 6, 2024, in the Southeast region maintained a flat price trend in most key regions, trading around 140,000 - 141,000 VND/kg; the highest purchase price in Dak Nong and Dak Lak provinces.

Accordingly, Dak Lak pepper price is purchased at 141,000 VND/kg. Chu Se pepper price (Gia Lai) is purchased at 140,000 VND/kg. Dak Nong pepper price today is recorded at 141,000 VND/kg.

In the Southeast region, pepper prices today have changed compared to yesterday. Specifically, in Binh Phuoc, pepper prices today are at 140,000 VND/kg. In Ba Ria - Vung Tau, it is currently at 140,000 VND/kg, down 1,000 VND/kg compared to yesterday.

Pepper price today November 6, 2024: Decreased by 1,000 VND/kg in Ba Ria - Vung Tau to 140,000 VND/kg

Thus, domestic pepper prices today continue to move sideways in key growing areas. The highest pepper price is at 141,000 VND/kg.

World pepper price today

Update on world pepper prices from the International Pepper Association (IPC), at the end of the most recent trading session, IPC listed the price of Indonesian Lampung black pepper at 6,665 USD/ton, down 0.09% compared to yesterday, and the price of Muntok white pepper at 9,125 USD/ton, down 0.09% compared to yesterday.

The price of Brazilian ASTA 570 black pepper was at $6,300/ton, down 1.59%. The price of Malaysian ASTA black pepper was at $8,500/ton; the price of this country's ASTA white pepper reached $11,000/ton.

In particular, the price of Vietnamese black pepper is stable at 6,500 USD/ton for 500 g/l; 550 g/l at 6,800 USD/ton; and white pepper price at 9,500 USD/ton.

In recent weeks, the pressure of pepper selling by dealers has increased as the coffee harvest is underway. Farmers and domestic dealers need a large amount of capital to invest and trade coffee, so they have sold pepper to transfer money to coffee trading. This has led to higher pepper trading volume in the market compared to the first weeks of October, putting pressure on the price of this commodity.

According to pepper exporting enterprises, although turnover has increased sharply in recent times, they also face many difficulties in the production and business process.

For example, the high price of agricultural products, especially coffee and pepper, has made it difficult for export enterprises to purchase raw materials. Many orders have suffered heavy losses when they had to buy at high prices to deliver goods to partners. Meanwhile, farmers' psychology of stockpiling goods is still high. This year, agricultural products have good prices, so families have made a profit, they are not in a hurry to sell pepper to collect money to cover expenses like before.

Domestic pepper price on November 6, 2024