Pepper prices on 10/31/2024: remain unchanged

Pepper prices on October 31 globally

Globally, pepper prices showed slight fluctuations.

Accordingly, the price of black pepper from Lampung, Indonesia, increased slightly by 0.18%, reaching $ 6,680/ton. Meanwhile, the price of Muntok white pepper from Indonesia fell by 0.17%, to $ 9,144/ton.

The price of Kuching black pepper (ASTA grade) from Malaysia is $ 8,500/ton, while ASTA white pepper from Malaysia is priced at $ 11,000/ton.

In the Brazilian market, ASTA 570 black pepper is trading at $ 6,400/ton.

In Vietnam, export prices for black pepper of the 500 g/l grade are trading at $ 6,500/ton, while the 550 g/l grade is priced at $ 6,800/ton. White pepper for export is currently at $ 9,500/ton.

Global pepper prices fluctuated in Indonesia, while other countries remained stable.

In the first nine months of the year, China imported 8,140 tons of pepper, valued at $ 40.6 million, representing an increase of 18.2% in volume and 37.9% in value compared to the same period last year.

Indonesia led in supplying pepper to China in the first nine months of the year, with a volume of 4,617 tons, a significant increase of 43% year-on-year, accounting for 56.7% of the market’s import volume.

Vietnam ranked second with a supply volume of 2,520 tons, up 3.2%, capturing 31% of the market share.

China has fallen from the first position to the fifth-largest export market for Vietnamese pepper. China’s share of total Vietnamese pepper exports has also decreased from 27.2% to only 4.4%.

Thus, on 10/31/2024, global pepper prices showed mixed changes compared to yesterday.

Pepper prices on October 31 domestically

In the domestic market, pepper prices on October 31 remained unchanged compared to yesterday.

Specifically, in Dak Lak, the purchase price for pepper is still at VND 144,500/kg;

Similarly, in Dak Nong, the price remains at VND 144,500/kg;

In Gia Lai, pepper is trading at VND 143,000/kg; traders in Dong Nai continue to purchase at VND 143,000/kg;

In Ba Ria – Vung Tau, prices are around VND 144,000/kg;

Traders in Binh Phuoc are trading at VND 143,000/kg.

Today, domestic pepper prices remain stable, with the highest price at VND 144,500/kg.

Thus, on 10/31/2024, domestic pepper prices are trading around VND 143,000 – 144,500/kg.

$ 1 = VND 25.085 – Source: Vietcombank.