(VAN) Pepper prices on December 17, 2024: Global prices rise sharply, while domestic pepper prices remain stable, trading around VND 144,000 – 146,200/kg.
Update on domestic and global pepper prices as of December 17, 2024
Pepper prices on December 17 globally
On the global market, pepper prices on December 17 are increasing well in Indonesia and Brazil.
Accordingly, the price of Lampung black pepper in Indonesia increased by 0.85%, reaching $ 6,845/ton. The price of Muntok white pepper remains at $ 9,068/ton.
The price of Kuching ASTA black pepper from Malaysia is $ 8,200/ton; while the price of ASTA white pepper from this country is $ 10,400/ton.
For the Brazilian market, the price of ASTA 570 black pepper is trading at $ 6,350/ton (an increase of 0.79%).
In Vietnam, the price of 500 g/l export black pepper is trading at $ 6,300/ton; while the 550 g/l variety is priced at $ 6,600/ton. The price of white pepper for export is $ 9,400/ton.
Global pepper prices are increasing quite well for black pepper in Indonesia and Brazil. Meanwhile, other markets remain steady.
Thus, global pepper prices on December 17, 2024, have increased significantly compared to yesterday.
Pepper prices on December 17 domestically
Domestically, pepper prices on December 17 remain stable compared to yesterday.
Specifically, Dak Lak continues to purchase pepper at VND 146,000/kg;
Dak Nong’s pepper price today is at VND 146,200/kg;
The price of pepper in Gia Lai remains at VND 145,000/kg;
Traders in Dong Nai are buying pepper at VND 146,000/kg;
Pepper prices in Ba Ria – Vung Tau remain at VND 146,000/kg;
Lastly, traders in Binh Phuoc continue to trade at VND 146,000/kg.
Domestic pepper prices today continue to remain steady, with the highest level still above VND 146,000/kg.
According to VPSA, the Vietnamese Pepper and Spice industry is increasingly asserting its position in the international market, becoming one of the leading suppliers of high-quality products such as pepper, cinnamon, star anise, and various other spices.
However, in the context of growing global competition and stringent demands from importing markets, enhancing transparency, management effectiveness, and accessibility to international customers is extremely important.
The purpose of the Digital Map of Vietnam’s Pepper and Spice is to provide information on the area, output, and regions of pepper and spice cultivation in Vietnam; details on weather, soil conditions, and harvest times for different spice crops; quality standards, export standards, and characteristics of some Vietnamese spice plants.
At the same time, it aims to help importers easily find supplying businesses, exporters, and cooperatives according to product type, certification, factories, or production organizations linked together.
Thus, domestic pepper prices on December 17, 2024, are trading around VND 145,000 – 146,200/kg.
$ 1 = VND 25.153 – Source: Vietcombank.
Agriculture News | Agri Products Price