Pepper price today November 10, 2024: Increased back to 140,000 VND/kg
Pepper price today November 10, 2024 is in the range of 139,500 - 141,200 VND/kg, a sharp increase of 1,000 to 2,200 VND/kg compared to yesterday.
Domestic pepper price on November 10, 2024
Specifically, Dak Lak pepper price was purchased at 141,000 VND/kg, an increase of 2,000 VND/kg compared to yesterday. Chu Se pepper price (Gia Lai) was purchased at 140,000 VND/kg, an increase of 2,000 VND/kg compared to yesterday. Dak Nong pepper price today was recorded at 141,200 VND/kg.
In the Southeast region, pepper prices today increased sharply from 1,000 to 1,500 VND/kg compared to yesterday. Specifically, in Ba Ria - Vung Tau, it is currently at 140,000 VND/kg, an increase of 1,000 VND/kg compared to yesterday; in Binh Phuoc, pepper prices today are at 139,500 VND/kg.
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change from yesterday (Unit: VND/kg) |
| Dak Lak | 141,000 | +2,000 |
| Gia Lai | 140,000 | +2,000 |
| Dak Nong | 141,200 | +2,200 |
| Ba Ria - Vung Tau | 140,000 | +1,000 |
| Binh Phuoc | 139,500 | +1,500 |
| Dong Nai | 140,000 | +1,000 |
After a sharp drop, pepper prices have begun to recover and stabilize over the past two days, but trading in the domestic market remains quite quiet.
According to experts, although pepper prices fluctuate erratically, they are gradually being adjusted to real value. The demand for pepper consumption during the year-end holiday season is expected to help pepper prices grow positively. With prices stable at a high level, Vietnam's pepper exports are expected to continue to maintain their strength in the last months of 2024.
In the first week of November, the International Pepper Community recorded mixed market movements. Pepper prices in India, both domestically and internationally, continued to increase from last week, while pepper prices in Indonesia remained stable throughout the week.
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 6,706 USD/ton (up 0.61%), and the price of Muntok white pepper at 9,180 USD/ton (up 0.61%).
The price of Brazilian ASTA 570 black pepper was at USD 6,300/ton. The price of Malaysian ASTA black pepper remained stable at USD 8,400/ton; the price of this country's ASTA white pepper reached USD 10,500/ton.
Vietnamese black pepper prices today are stable at a high level, trading at 6,500 USD/ton for 500 g/l; 550 g/l at 6,800 USD/ton; white pepper prices at 9,500 USD/ton.
According to the Import-Export Department (Ministry of Industry and Trade), pepper prices in the world market in the third quarter remained high, especially in August and September, due to limited supply and high import demand.
By October, pepper prices had fallen due to liquidity needs, causing many people to sell off. In addition, the world supply was supplemented from Brazil and Indonesia, while demand from China was low, affecting global pepper prices.
Despite a sharp decrease compared to the end of September, pepper prices in October remained high. The Import-Export Department forecasts that world pepper prices will tend to decrease slightly in the short term, but not for long due to limited supply and seasonal increase in import demand.
In major markets such as the US, EU and Asia, consumer demand is increasing, but in the Middle East and China it is still quite slow.
The significant reduction in inventories has caused farmers and dealers to limit sales. Currently, Brazil is the second largest producer and exporter of black pepper in the world, accounting for about 17-18% of the global supply. However, Brazil's pepper exports in the 2024 crop year will continue to decline due to low production, marking the third consecutive year of decline.
Meanwhile, Vietnam's new pepper crop in 2025 is expected to be delayed by a month, which could positively support world pepper prices.
