Domestic pepper price today
Pepper price today, July 6, 2024, in the Southeast region turned to increase from 2,000 - 4,000 VND/kg in some localities, trading around 147,000 - 150,000 VND/kg, the highest purchase price in Dak Lak province is 150,000 VND/kg.
Specifically, Dak Lak pepper price is purchased at 150,000 VND/kg, an increase of 4,000 VND/kg compared to yesterday's price. Chu Se pepper price (Gia Lai) is currently at 148,000 VND/kg, an increase of 3,000 VND/kg compared to yesterday. Dak Nong pepper price today is recorded at 149,000 VND/kg, an increase of 3,000 VND/kg.
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| Pepper price today 7/6/2024: Turning up sharply, Dak Lak reached the peak of 150,000 VND/kg |
In the Southeast region, pepper prices today increased by VND2,000/kg. Specifically, in Ba Ria - Vung Tau, it increased by VND2,000 to VND148,000/kg; in Binh Phuoc, it increased by VND2,000/kg, pepper prices were at VND147,000/kg.
Domestic pepper prices today increased by 2,000 - 4,000 VND/kg, trading at 147,000 - 150,000 VND/kg. Thus, domestic pepper prices today increased in some key localities compared to yesterday. In all localities, pepper prices are at 147,000 VND/kg or higher. The highest pepper price was recorded at 150,000 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 7,142 USD/ton, up 0.18%; the price of Brazilian black pepper ASTA 570 at 7,250 USD/ton; the price of Kuching black pepper (Malaysia) ASTA at 7,500 USD/ton.
Muntok white pepper price is 9,093 USD/ton, up 0.45%; Malaysian ASTA white pepper price is at 8,800 USD/ton.
Vietnam's black pepper price is trading at 6,000 USD/ton for 500 g/l; 550 g/l at 6,600 USD/ton; white pepper price at 8,800 USD/ton, down 2.22%.
IPC slightly increased pepper prices in Indonesia; slightly decreased export prices of all types of pepper from Vietnam.
Domestic pepper price on July 6 , 2024
Province, city | Unit | Trader purchase price | Increase/decrease compared to yesterday |
Chu Se (Gia Lai) | VND/kg | 148,000 | +3,000 |
Dak Lak | VND/kg | 150,000 | +4,000 |
Dak Nong | VND/kg | 149,000 | +3,000 |
Binh Phuoc | VND/kg | 147,000 | +2,000 |
Ba Ria - Vung Tau | VND/kg | 148,000 | +2,000 |
According to experts, the domestic pepper market is increasingly unpredictable because it is being influenced by many factors. After a slight increase at the beginning of the week, domestic pepper prices suddenly plummeted for 3 consecutive days with a total decrease of up to 15,000 VND/kg, equivalent to a decrease of nearly 10% compared to the beginning of the week.
Industry experts and the Vietnam Pepper and Spice Association (VPSA) believe that the global pepper supply shortage will continue in the coming time. There are still about 2 months left for Brazil's 2024 pepper crop to hit the market. Until then, the supply will still depend on Vietnamese businesses. This continues to be an advantage for Vietnamese pepper.
According to the Vietnam Pepper and Spice Association (VPSA), 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.
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.
* Information for reference only. Prices may vary depending on time and location.
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