Pepper prices on November 28, 2024: Mixed fluctuations

Pepper prices on November 28 globally

Globally, pepper prices on November 28 remained unchanged.

Specifically, black pepper from Lampung, Indonesia, is steady at $ 6,596/ton, while white pepper from Muntok is at $ 9,101/ton.

In Malaysia, Kuching ASTA black pepper is priced at $ 8,400/ton, and ASTA white pepper is at $ 10,500/ton.

In the Brazilian market, ASTA 570 black pepper is trading at $ 6,050/ton.

For Vietnam’s exports, black pepper 500 g/l is trading at $ 6,200/ton, while 550 g/l is priced at $ 6,500/ton. White pepper for export is at $ 9,400/ton.

Global pepper prices remained steady across all countries.

Mr Nguyen Quy Duong, Deputy Director of the Plant Protection Department (Ministry of Agriculture and Rural Development), shared that the global pepper market is in a price surge cycle. By 2024, the price of pepper has doubled compared to previous periods, providing strong incentives for farmers to invest heavily in pepper cultivation.

Thanks to the high prices, pepper farmers are enjoying good income this year. However, this crop is also facing significant challenges such as climate change, increasing pest problems, competition from other crops, and rising production costs.

Thus, pepper prices on November 28, 2024, globally remain stable compared to yesterday.

Pepper prices on November 28 domestically

In Vietnam, pepper prices today showed uneven changes compared to yesterday.

Specifically, in Dak Lak, the price increased by VND 1,000, reaching VND 142,000/kg.

In Dak Nong, prices rose by VND 1,200, reaching VND 142,200/kg.

In Gia Lai, the price is VND 141,500/kg, up by VND 1,000.

Similarly, in Dong Nai, traders are buying pepper at VND 141,500/kg.

In Ba Ria – Vung Tau, prices fell by VND 1,000 to VND 140,000/kg.

Lastly, in Binh Phuoc, the price increased by VND 1,000, reaching VND 141,000/kg.

Today, domestic pepper prices showed mixed trends when they dropped by VND 1,000 in Ba Ria Vung Tau and increased by VND 1,000 to VND 1,200 in other key areas.

To develop pepper as a focused commodity industry, localities have implemented specific guidelines for the development of the pepper sector through resolutions, projects, programs, and concrete plans.

These efforts focus on improving product quality, linking with storage, processing, and consumption along the value chain. They also emphasize advancing technical applications and high-tech in production and forming raw material regions to meet market demands.

Thus, domestic pepper prices are trading between VND 140,000/kg and VND 142,200/kg.

$ 1 = VND 25.145 – Source: Vietcombank.