Domestically stable, transactions below 145,000 VND/kg

Pepper price today October 31, 2024 in the domestic market is stable in the range of 143,000 - 144,500 VND/kg. In the world market, Indonesian pepper increased again.

Pepper price today, October 31, 2024, in the Southeast region is stable compared to yesterday, trading around 143,000 - 144,500 VND/kg; the highest purchase price is in Dak Nong and Dak Lak provinces.

Accordingly, the price of Dak Lak pepper was purchased at 144,500 VND/kg, unchanged from yesterday. The price of Chu Se pepper (Gia Lai) was purchased at 143,000 VND/kg, stagnant from yesterday. The price of Dak Nong pepper today was recorded at 144,500 VND/kg, unchanged from yesterday.

In the Southeast region, pepper prices today have not fluctuated compared to yesterday. Specifically, in Binh Phuoc, pepper prices today are at 143,000 VND/kg, maintaining the same trend compared to yesterday. In Ba Ria - Vung Tau, it is currently at 144,000 VND/kg, also slowing down following the general trend compared to yesterday.

Pepper price today October 31, 2024: Domestic stable, trading below 145,000 VND/kg

Thus, domestic pepper prices today in key regions are stable compared to yesterday, recording the highest price of 144,500 VND, the lowest of 143,000 VND/kg.

World pepper price today

Update on world pepper prices from the International Pepper Association (IPC), at the end of the most recent trading session, IPC listed the price of Indonesian Lampung black pepper at 6,680 USD/ton, up 0.18% compared to yesterday, the price of Muntok white pepper at 9,144 USD/ton, up 0.17% compared to yesterday.

The price of Brazilian ASTA 570 black pepper is at 6,400 USD/ton. The price of Malaysian ASTA black pepper is at 8,500 USD/ton; the price of this country's ASTA white pepper is at 11,000 USD/ton.

In particular, the price of Vietnamese black pepper is stable at 6,500 USD/ton for 500 g/l; 550 g/l at 6,800 USD/ton; and white pepper price at 9,500 USD/ton.

Capital is still shifting to coffee, as the commodity has nearly doubled in price over the past year, forcing dealers to need more money to do business.

In this context, pepper prices are not expected to fluctuate much. The driving force behind the strong increase last season was the lack of demand from China. According to statistics from the International Pepper Community, in recent months, this market has increased imports from other countries.

Domestically, next year's harvest is forecast by some sources to remain the same or increase slightly, fluctuating between 170,000 - 180,000 tons. Harvest time may come later due to weather.

Domestic pepper price on October 31, 2024