Forecast domestic pepper price Tomorrow, domestic pepper price tomorrow December 20, 2024 will fluctuate slightly, fluctuating around 146,000 - 147,000 VND/kg.
Today's pepper price was updated on the afternoon of December 19, 2024 as follows: Domestic pepper prices, after a session of simultaneous increases, turned down slightly and stabilized at a high level in some localities.
Specifically, the pepper purchase price in Gia Lai province remained stable at a high level of 146,000 VND/kg; similarly, the pepper purchase price in Dak Lak was at 147,000 VND/kg, the pepper purchase price in Dak Nong was at the highest price of 147,200 VND/kg. On the contrary, after the increase, pepper prices in Binh Phuoc and Ba Ria - Vung Tau turned to decrease, currently the pepper purchase price in Ba Ria - Vung Tau is 146,500 VND/kg (down 200 VND), pepper price in Binh Phuoc is at 146,000 VND (down 1,000 VND/kg).
 |
| Domestic pepper price updated on December 19, 2024 |
According to the Vietnam Pepper and Spice Association (VPSA), in the first 15 days of December, Vietnam exported 7,029 tons of pepper of all kinds, with a total turnover of 46.5 million USD, down 30.2% in volume but up 22.9% in turnover compared to the same period last year.
To enhance competitiveness, the Vietnam Pepper and Spice Association is implementing strategic solutions. One of the key initiatives is the development of a digital map of Vietnam’s pepper and spices, supported by consulting firm Sippo. This map will provide detailed information on planting area, output, weather conditions, soil conditions and quality standards, making the Vietnamese spice industry more transparent and attractive to international importers.
 |
| Gia Lai province people harvest pepper |
Currently, the US is the largest export market for Vietnamese pepper in the first half of December 2024, accounting for 30.5% reaching 2,144 tons. Meanwhile, Olam Vietnam, Nedspice, Tran Chau, Harris Spice and Phuc Sinh are the top 5 largest exporting enterprises.
Accumulated from the beginning of the year to December 15, pepper exports reached 242,364 tons, with a turnover of 1.26 billion USD, down 5.2% in volume but up 45.2% in turnover compared to the same period in 2023. Pepper export price reached an average of 5,216 USD/ton, up 53.14% over the same period.
On the other hand, in the first 15 days of December, Vietnam imported 1,981 tons of pepper, worth 11.8 million USD. Indonesia is still the largest pepper supplier to Vietnam, with 1,530 tons, accounting for 77.2% of the market share.
 |
| Update world pepper prices today December 19, 2024 |
Forecast for world pepper prices tomorrow. According to the forecast, world pepper prices tomorrow are likely to increase slightly again. However, there is still a difference in the increase and decrease between countries.
Update on world pepper prices from the International Pepper Community (IPC) on December 19 as follows: The world pepper market fluctuated between countries. After many sessions of increase, Indonesian pepper prices decreased by 35 - 45 USD/ton. However, the Vietnamese pepper export market suddenly increased; black pepper increased by 100 USD/ton, white pepper increased by 200 USD/ton. Pepper prices in Malaysia and Brazil remained stable.
Specifically, IPC listed the price of Indonesian Lampung black pepper at 6,810 USD/ton (down 35 USD/ton) and the price of Muntok white pepper at 9,005 USD/ton (down 45 USD/ton) compared to the previous trading session.
The price of Brazilian ASTA 570 black pepper remained at USD 6,350/ton; Pepper prices in Malaysia remained stable compared to the previous trading session; Malaysian ASTA black pepper price was at USD 8,200/ton, ASTA white pepper price was at USD 10,400/ton.
In contrast, the export price of Vietnamese black pepper increased sharply, reaching 6,400 USD/ton for 500 g/l (up 100 USD/ton) and 6,700 USD/ton for 550 g/l (up 100 USD/ton); at the same time, the price of white pepper increased more strongly and reached 9,600 USD/ton (up 200 USD/ton) compared to the previous trading session.
*The above pepper price forecast is for reference only, the actual price will be officially available early tomorrow morning (December 20, 2024) on Congthuong.vn.
Comment (0)