Pepper price today, November 25, 2024 in the domestic market increased in some key localities, trading from 139,000 - 140,000 VND/kg.
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| Pepper price today November 25, 2024: Market reacts in mixed ways; growers worry about the risk of losing the 2025 harvest. (Source: Shutterstock) |
Pepper price today, November 25, 2024 in the domestic market increased in some key localities, trading from 139,000 - 140,000 VND/kg.
Specifically, pepper price today in Gia Lai is at 139,500 VND/kg.
Pepper prices today in the provinces of Dong Nai (139,500 VND/kg); Dak Lak (140,000 VND/kg); Dak Nong (140,000 VND/kg); Ba Ria - Vung Tau (140,000 VND/kg) and Binh Phuoc (139,000 VND/kg).
Thus, domestic pepper prices today increased simultaneously in most key growing areas, an increase of 1,000 VND/kg. The highest pepper price is at 140,000 VND/kg.
Last week, the domestic market fluctuated continuously. To summarize last week, pepper prices increased slightly by 500 - 1,000 VND/kg. This is a rare week when domestic pepper prices have increased recently.
In some key pepper producing areas of Vietnam such as Binh Phuoc, Ba Ria - Vung Tau and Dak Lak, output in the upcoming harvest is at risk of decreasing due to the influence of many factors.
According to the Binh Phuoc Provincial Statistics Office, from the beginning of 2024 to now, the province's pepper growing area has decreased by 709 hectares compared to the same period in 2023. Currently, the whole province has 12,878 hectares, with an estimated output of 22,616 tons (down 874 tons compared to the same period last year).
The reason is that due to low prices, people do not invest much in care, leading to poor growth and disease. Some pepper areas have been converted by people to grow fruit trees and crops.
In Ba Ria - Vung Tau, at present, pepper gardens are in the fruit growing stage to prepare for the harvest around mid-January 2025. However, before that, due to the impact of unfavorable weather, pepper flowers fell off, so the fruit set rate was low, and the risk of crop failure was high.
According to statistics from the Department of Agriculture and Rural Development, the province's pepper growing area is currently around 10,500 hectares. Although pepper prices have started to increase again since the 2023 crop year, farmers have focused on investing in and caring for pepper plants, but due to the impact of the weather, it is forecasted that this year's pepper crop will see a sharp decrease in output compared to last year.
In Dak Lak, according to many farmers, pepper is a sensitive plant that is easily affected by erratic weather. This year, the prolonged drought, hot and dry weather and low humidity are not favorable for pepper to flower, pollinate and set fruit. Therefore, there has been a situation where pepper spikes are scratched a lot, and the flowers are short and sparse.
In the world market, 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's black pepper price is trading 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. Pepper prices in other countries remained stable over the weekend.
IPC commented that this week's pepper market showed mixed reactions, with only Sri Lankan domestic black pepper continuing to increase.
Source: https://baoquocte.vn/gia-tieu-hom-nay-25112024-thi-truong-phan-ung-trai-chieu-nguoi-trong-lo-lang-truoc-nguy-co-mat-mua-vu-thu-harvest-2025-294997.html
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