Pepper prices on 11/08/2024, have surged by up to VND 3,500/kg

Pepper prices on November 8 globally

Globally, pepper prices on November 8 have rebounded in Indonesia.

Specifically, the price of black pepper from Lampung, Indonesia, rose by 0.47% to $ 6,665/ton. Meanwhile, white pepper from Muntok in Indonesia saw a slight increase of 0.46%, reaching $ 9,124/ton.

In Malaysia, the price of Kuching ASTA black pepper stands at $ 8,500/ton, while ASTA white pepper is priced at $ 11,000/ton.

In Brazil, the price of ASTA 570 black pepper has dropped significantly by 1.59%, settling at $ 6,300/ton.

In Vietnam, export prices for black pepper of the 500 g/l grade are at $ 6,500/ton, while the 550 g/l grade is at $ 6,800/ton. The export price of white pepper stands at $ 9,500/ton.

Global pepper prices today see a slight recovery in Indonesia after consecutive declines.

Meanwhile, prices in other markets remain unchanged.

Thus, global pepper prices on 11/08/2024, have increased again in Indonesia compared to the previous day.

Pepper prices on November 8 domestically

Domestically, pepper prices on November 8 have risen sharply compared to the previous day.

Specifically, in Dak Lak, pepper is being purchased at VND 138,500/kg, an increase of VND 2,500.

In Dak Nong, prices have risen by 3,000 VND, reaching 139,000 VND/kg.

In Gia Lai, pepper prices remain at VND 138,000/kg, up by VND 2,500.

Traders in Dong Nai are buying pepper at VND 138,000/kg, an increase of VND 3,000.

In Ba Ria – Vung Tau, prices have surged by VND 3,500, reaching VND 139,000/kg.

In Binh Phuoc, traders are purchasing pepper at VND 138,000/kg, up by VND 3,000.

The total import turnover for the past 10 months has reached $ 131.3 million. Compared to the same period last year, pepper imports have increased by 27.1%, and the value has risen by 78.5%.

Indonesia has become the largest supplier of pepper to Vietnam, accounting for 36%, with 10,287 tons, marking an increase of 257.2% compared to the same period. Brazil followed with 9,013 tons (31.5%), down by 35.5%, and Cambodia contributed 6,695 tons (23.4%), marking an increase of 96.7%.

Thus, on 11/08/2024, domestic pepper prices are trading in the range of VND 138,000 – 139,000/kg.

$ 1 = VND 25.121 – Source: Vietcombank.