Pepper price today October 10, 2024: Sharp increase of 2,000 VND/kg
Pepper price today October 10, 2024 is around 146,000 - 148,000 VND/kg, today's pepper price turned to increase sharply from 1,500 to 2,000 VND/kg compared to yesterday.
Domestic pepper price on October 10, 2024
Specifically, Dak Lak pepper price was purchased at 148,000 VND/kg, a sharp increase of 1,500 VND/kg compared to yesterday. Chu Se pepper price (Gia Lai) was purchased at 146,000 VND/kg, unchanged from yesterday. Dak Nong pepper price today was recorded at 148,000 VND/kg.
In the Southeast region, pepper prices today increased sharply by 1,500 VND/kg compared to yesterday. Specifically, in Ba Ria - Vung Tau, it is currently at 147,500 VND/kg, an increase of 1,500 VND/kg compared to yesterday; in Binh Phuoc, pepper prices today are at 146,000 VND/kg.
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change from yesterday (Unit: VND/kg) |
| Dak Lak | 148,000 | +1,500 |
| Gia Lai | 146,000 | - |
| Dak Nong | 148,000 | +2,000 |
| Ba Ria - Vung Tau | 147,500 | +1,500 |
| Binh Phuoc | 146,000 | - |
| Dong Nai | 147,500 | +1,500 |
According to the Vietnam Pepper and Spices Association, by the end of September 2024, Vietnam exported 200,894 tons of pepper, including 177,953 tons of black pepper and 22,941 tons of white pepper. The total export value of pepper reached 991 million USD, of which black pepper accounted for 781.9 million USD and white pepper was 142.1 million USD.
Data from VPSA shows that pepper export value is lower than the report of the General Department of Customs at the beginning of the month, causing the total turnover to not reach 1 billion USD after 9 months.
Although there is a slight difference between the two reports, both indicate that pepper exports are still slow and the Chinese market has yet to recover.
World pepper prices today
Update on world pepper prices from the International Pepper Association (IPC), at the end of the most recent trading session, IPC listed the price of Indonesian Lampung black pepper at 6,702 USD/ton (up 0.06%), and the price of Muntok white pepper at 8,966 USD/ton (up 0.05%).
The price of Brazilian ASTA 570 black pepper was at USD 6,750/ton (down 1.46%). The price of Malaysian ASTA black pepper remained stable at USD 8,800/ton (down 1.12%); the price of this country's ASTA white pepper reached USD 11,200/ton (down 1.75%).
Vietnamese black pepper prices today are stable at a high level, trading at 6,800 USD/ton for 500 g/l; 550 g/l at 7,100 USD/ton; white pepper prices at 10,150 USD/ton.
Marcellus Giovanni, managing director of Brazspice Spices International, said that many companies and agents in Vietnam are currently selling black pepper. This is mainly to raise money for investment in the upcoming coffee crop, while market demand is still low.
A report from Nedspice indicates that Vietnam’s processed pepper exports have increased by more than 50% compared to the previous year. The shortage of Chinese suppliers has caused Vietnam’s whole black pepper exports to increase only slightly.
During the seven-day National Day holiday, China encouraged domestic consumption and tourism, reducing imports of goods, including pepper. Pepper prices also fell due to a stronger US dollar amid conflicts in the Middle East, affecting global pepper prices.
