Pepper price today, November 20, 2024 in the domestic market is stable in some key localities, trading from 138,500 - 140,000 VND/kg.
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| Pepper price today November 20, 2024: More than 82% of pepper imported into Vietnam comes from this Southeast Asian country, market assessment for crop 2025. (Source: Times of India) |
Pepper price today, November 20, 2024 in the domestic market is stable in some key localities, trading from 138,500 - 140,000 VND/kg.
Specifically, pepper price today in Gia Lai is at 139,000 VND/kg.
Pepper prices today in the provinces of Dong Nai (138,500 VND/kg); Dak Lak (139,500 VND/kg); Dak Nong (140,000 VND/kg); Ba Ria - Vung Tau (139,000 VND/kg) and Binh Phuoc (139,000 VND/kg).
Thus, domestic pepper prices today remained stable in most key growing areas. The highest pepper price was at 140,000 VND/kg.
Preliminary statistics from the Vietnam Pepper and Spices Association (VPSA) show that in the first 15 days of November 2024, Vietnam exported 8,082 tons of pepper, with a total export turnover of 55.4 million USD.
Nedspice, Tran Chau and Olam Vietnam were the three largest exporters in the first half of November, reaching 988 tons, 895 tons and 865 tons respectively. Meanwhile, the largest export market for Vietnamese pepper was still the US, reaching 2,362 tons, accounting for 29.2% of the market share.
Meanwhile, Vietnam imported 2,484 tons, worth 14.3 million USD, an increase of 8.2% compared to the first half of October. Olam Vietnam and Harris Spice were the two main importers, with 894 tons, accounting for 36.0%, and 530 tons, accounting for 21.3%. Indonesia continued to be the largest pepper supplier to Vietnam, accounting for 82.3%, reaching 2,045 tons.
Compared to the first half of last month, Vietnam's pepper exports continued to slow down. Weak demand in importing countries has prevented pepper prices from recovering.
The Import-Export Department forecasts that in the last months of this year, Vietnam's pepper export activities will not be favorable due to limited domestic supply and low demand from China.
It is expected that by early 2025, our country's pepper exports will be favorable thanks to the expected sharp increase in demand from the Chinese market.
Regarding the domestic market, experts predict that there will be no new supporting factors. Pepper is still under pressure as money flows strongly into coffee trading.
The Center for Industry and Trade Information - Ministry of Industry and Trade (VITIC) commented that the decrease in output could push pepper prices to exceed 160,000 VND/kg.
At the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Lampung black pepper (Indonesia) at 6,470 USD/ton; the price of Brazilian black pepper ASTA 570 at 6,000 USD/ton; the price of Kuching black pepper (Malaysia) ASTA at 8,400 USD/ton.
Muntok white pepper price is 9,055 USD/ton; ASTA Malaysian white pepper price is at 10,500 USD/ton.
Vietnam black pepper price is traded at 6,200 USD/ton for 500 g/l; 550 g/l at 6,500 USD/ton; white pepper price at 9,400 USD/ton.
Source: https://baoquocte.vn/gia-tieu-hom-nay-20112024-hon-82-ho-tieu-nhap-vao-viet-nam-toi-tu-quoc-gia-dong-nam-a-nay-nhan-dinh-thi-truong-vu-2025-294281.html
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