Pepper prices in Dak Nong area increased the most?

Pepper price forecast on May 21, 2024, this agricultural product is forecasted to continue to increase in price and remain high in the coming time.

Pepper prices are forecast to continue to increase and remain high in the coming time. Illustrative photo

Previously, pepper prices on May 20, 2024 in the Central Highlands and Southeast regions continued to move sideways.

Accordingly, Dak Lak pepper price is purchased at 111,000 VND/kg, unchanged from yesterday's price, Chu Se pepper price (Gia Lai) is currently at 110,000 VND/kg, Dak Nong pepper price today is still recorded at 111,000 VND/kg.

In the Southeast region, pepper prices today also remained unchanged. Accordingly, in Ba Ria - Vung Tau and Binh Phuoc regions, the price is still at 111,000 VND/kg.

Thus, the pepper price on the first day of the week recorded the second day of stability, fluctuating in the price range of 110,000 - 111,000 VND/kg. In summary, last week, domestic pepper price increased by an average of 7,000 VND/kg. With that strong increase, pepper price is now nearly 10,000 VND/kg higher than coffee price.

Domestic pepper price list today May 20, 2024

Update on world pepper prices from the International Pepper Community (IPC), early this morning (Vietnam time), Indonesian pepper prices remained unchanged compared to yesterday; Brazilian pepper prices remained unchanged compared to yesterday, while Malaysian prices continued to stagnate. Vietnamese pepper prices remained unchanged.

Specifically, the price of black pepper Lampung (Indonesia) today is still trading at 4,934 USD/ton, the price of white pepper (Indonesia) is trading at 6,488 USD/ton.

Brazilian black pepper price ASTA 570 today is at 5,000 USD/ton.

Malaysian ASTA black pepper price remains at USD 4,900/ton; Malaysian ASTA white pepper price remains at USD 7,300/ton.

The listed prices of Vietnamese pepper of all kinds today have stagnated. Of which, the price of Vietnamese black pepper 500 g/l today is traded at 4,600 USD/ton; the price of 550 g/l is traded at 4,700 USD/ton; the price of ASTA white pepper is traded at 6,600 USD/ton.

Pepper prices of all types on the Kochi floor (India) today continued to remain unchanged compared to yesterday. Of which, Garbled traded at 59,100 Rupees/100kg, UnGarbled at 57,100 Rupees/100kg.

Since the first months of this year, the increase in imports of Vietnamese pepper by traditional markets such as the European Union (EU), the UK and China has had a positive impact on the domestic market.

Data from the European Statistical Office (Eurostat) shows that in the first two months of 2024, the EU imported pepper from non-bloc markets reaching 37.52 million EUR (equivalent to 40.1 million USD), an increase of 12% over the same period in 2023.

Of which, the EU imported pepper from Vietnam in the first two months of 2024 reaching 20.68 million EUR, an increase of 12/5% over the same period last year.

* Market price information is for reference only !

Source: https://congthuong.vn/du-bao-gia-tieu-ngay-2152024-gia-tieu-khu-vuc-dak-nong-tang-manh-nhat-321296.html