(VAN) Pepper prices on 09/30/2024 remained stable both domestically and globally. Currently, domestic pepper is trading around VND 147,500 – 149,000/kg.
Latest domestic and global pepper prices update on 09/30/2024
Pepper prices on September 30 globally
Globally, pepper prices on September 30 remained stable.
Specifically, black pepper from Lampung, Indonesia, held steady at $ 6,942/ton. White pepper from Muntok, Indonesia, was trading at $ 9,430/ton.
In Malaysia, Kuching black pepper ASTA was priced at $ 8,800/ton, while white pepper ASTA stood at $ 11,200/ton.
In Brazil, black pepper ASTA 570 was traded at $ 6,750/ton.
As for Vietnam, black pepper for export grade 500 g/l was traded at $ 6,800/ton, and the 550 g/l type was priced at $ 7,100/ton. White pepper for export was quoted at $ 10,150/ton.
The world pepper prices today remain unchanged. Over the past week, the global pepper market has shown mixed reactions. Specifically, the prices of Indian pepper, both domestically and internationally, have remained stable after two consecutive weeks of increases. Meanwhile, the price of black pepper in Indonesia is trending downward.
Thus, the world pepper prices on 09/30/2024, have not experienced any new changes compared to yesterday.
Pepper prices on September 30 domestically
In the domestic market, the price of pepper on September 30 remains stable compared to yesterday.
Specifically, in Dak Lak, pepper is being purchased at VND 148,000/kg.
In Dak Nong, the price of pepper today stands at VND 147,500/kg.
In Gia Lai, the price of pepper is trading at VND 148,000/kg.
In Dong Nai, traders are still purchasing pepper at VND 148,000/kg.
The price of pepper in Ba Ria – Vung Tau today remains at VND 148,000/kg.
Lastly, traders in Binh Phuoc are trading pepper at VND 149,000/kg.
The domestic pepper prices today remain unchanged, with the highest price being VND 149,000/kg. Over the past week, the domestic pepper market has seen a significant decrease ranging from VND 1,000 – 2,500/kg.
According to a recent report from PTEXIM, demand is slowing down in all major importing countries such as the US, China, and the EU. However, the positive note is that China has re-entered the market with orders for white pepper.
Many reports indicate that Hainan Island has been severely impacted by Super Typhoon Yagi, leading to a decline in white pepper production in China. It is forecasted that the supply of white pepper in China will struggle to meet demand in the fourth quarter of 2024 and for the upcoming Tet holiday.
PTEXIM also noted that the market has been quite sluggish over the past month, with buyers showing little interest in pepper products, resulting in very slow trading. Additionally, suppliers (farmers, collectors, agents) are being very cautious in offering raw materials.
Thus, the domestic pepper prices on 09/30/2024, are trading around VND 147,500 – 149,000/kg.
$ 1 = VND 24.370 – Source: Vietcombank.
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