From now until the new season, shortage of goods is certain.

Pepper price today, August 27, 2024, in the Southeast region is stable compared to yesterday, trading around 143,000 - 144,000 VND/kg, the highest purchase price in Dak Lak and Dak Nong provinces is 144,000 VND/kg.

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

Pepper price today August 27, 2024: From now until before the new crop, shortage of goods is certain

In the Southeast region, pepper prices today are stable compared to yesterday. Specifically, in Binh Phuoc, pepper prices today are at 143,000 VND/kg, unchanged from yesterday. In Ba Ria - Vung Tau, the price is currently at 143,000 VND/kg, remaining stable compared to yesterday;

Thus, pepper prices today stagnated in key regions compared to yesterday, recording the highest price at 144,000 VND, fluctuating in the price range of 143,000 - 144,000 VND/kg, only in Gia Lai, it increased slightly by 500 VND/kg to 143,500 VND/kg compared to yesterday.

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 7,574 USD/ton, up 1.11% compared to yesterday, the price of Muntok white pepper reached 8,918 USD/ton, up 1.12%.

The price of Brazilian ASTA 570 black pepper increased to 6,450 USD/ton, up 2.33%. The price of Malaysian ASTA black pepper remained stable at 8,500 USD/ton; the price of this country's ASTA white pepper reached 10,400 USD/ton.

Vietnam black pepper price is traded at 5,800 USD/ton for 500 g/l; 550 g/l at 6,200 USD/ton; white pepper price at 8,500 USD/ton

Mr. Hoang Phuoc Binh - Permanent Vice President of Chu Se Pepper Association said that this year's pepper market has had too many unusual fluctuations. However, from now until the time before the new crop (around January of the solar calendar), a shortage of goods is certain.

Pepper harvest season in Vietnam lasts from January to the end of April in key growing areas. Some pepper growing areas in Quang Tri extend the harvest season until the end of June, this number is not many.

Regarding the assessment of the upcoming pepper crop, there is currently a lot of conflicting information. Some gardeners shared that this new pepper crop, their pepper gardens did not produce fruit. However, some gardeners said that they expected to receive a bumper crop. This is due to weather factors.

However, to get the exact figure, it is necessary to go to the actual area of each region, each commune of the key pepper growing area. Many opinions say that it is only at the end of the year, that is, around November and December, that we can give a fairly accurate forecast of output.

Even if the next pepper crop is slightly better than the last one, it will not be able to make up for the pepper acreage lost in the past and is still being lost. Therefore, the price increase cycle is expected to continue.

Domestic pepper price on August 27, 2024