Pepper prices today, September 16, in key regions maintain a sideways trend compared to yesterday, trading around 152,000 - 156,000 VND/kg, the highest buying price in Dak Nong and Dak Lak provinces is 156,000 VND. /kg.
Accordingly, the price of Dak Lak pepper purchased at 156,000 VND/kg slowed down compared to yesterday. The purchasing price of Chu Se pepper (Gia Lai) at 154,000 VND/kg is stable compared to yesterday.
In the Southeast region, pepper prices today remained stable compared to yesterday. Specifically, in Binh Phuoc today pepper price remained at 152,000 VND/kg. In Ba Ria - Vung Tau, it was at 155,000 VND/kg, stable compared to yesterday.
Thus, after a slight increase, domestic pepper prices today moved sideways for the second consecutive day in key localities. The highest pepper price is still at 156,000 VND/kg.
At the end of last week, pepper prices in key areas fluctuated between 152,000 - 156,000 VND/kg, an increase of 2,000 - 3,000 VND/kg compared to the first day of the week.
The price of black pepper in Vietnam's domestic market has increased continuously in the last 4 weeks, with a total increase of about 10.5 - 12.5% (corresponding to 14,500 - 17,500 VND/kg) compared to the mid-term period. August.
Thus, since the beginning of the month, domestic pepper prices have maintained a good upward momentum. Compared to September 1, 2024, pepper prices increased by about 10,000 VND/kg in the provinces, only Binh Phuoc province only increased by about 7,000 VND/kg.
Updated world pepper prices from the International Pepper Association (IPC), at the end of the most recent trading session, IPC listed the price of Lampung black pepper from Indonesia at 7,562 USD/ton, the price of Muntok white pepper at 9,121 USD. /ton.
Brazilian ASTA 570 black pepper price remained at 7,400 USD/ton. Malaysia's ASTA black pepper price is at 8,800 USD/ton; The price of ASTA white pepper in this country reached 10,900 USD/ton.
Vietnam black pepper price is trading at 6,800 USD/ton for 500 g/l type; type 550 g/l at 7,100 USD/ton; White pepper price is at 10,150 USD/ton.
According to the Vietnam Pepper and Spice Association (VPSA), the 2023 crop inventory combined with the 2024 import volume is about 40,000 - 45,000 tons (including informal imports), showing that the source of export goods for By the end of the year, it will be lower than every year and until March 2025 when the 2025 crop is expected to be harvested.
In Brazil, under ideal conditions, the crop in southern Brazil (Esperito Santo and Bahia) can easily exceed 100,000 tons. However, due to unusual weather conditions, some forecasts say that this year's crop will only reach about 65,000 tons.
Indonesia recorded more inventory on the market, after some main production areas completed the harvest.
With positive signals from the market and the efforts of businesses, Vietnam's pepper industry is making steady progress.
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