Pepper price today September 11, 2024: Scattered and uneven increase in provinces
Pepper price today, September 11, 2024, is in the range of 152,000-155,500 VND/kg, pepper price increased sporadically from 1,000 to 2,500 VND/kg compared to yesterday in the Central Highlands provinces.
Domestic pepper price on September 11, 2024
Specifically, Dak Lak pepper price was purchased at 155,500 VND/kg, a sharp increase of 2,500 VND/kg compared to yesterday. Chu Se pepper price (Gia Lai) was purchased at 153,000 VND/kg, an increase of 1,000 VND/kg compared to yesterday. Dak Nong pepper price today was recorded at 155,000 VND/kg.
In the Southeast region, pepper prices today increased sharply by 2,000 VND/kg compared to yesterday. Specifically, in Ba Ria - Vung Tau, it is currently at 155,000 VND/kg, an increase of 2,000 VND/kg compared to yesterday; in Binh Phuoc, pepper prices today are at 152,000 VND/kg, stable compared to yesterday.
Domestic pepper price list September 11, 2024
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change from last week (Unit: VND/kg) |
| Dak Lak | 155,500 | +2,500 |
| Gia Lai | 153,000 | +1,000 |
| Dak Nong | 155,000 | +2,000 |
| Ba Ria - Vung Tau | 155,000 | +2,000 |
| Binh Phuoc | 152,000 | - |
| Dong Nai | 155,000 | +2,000 |
Vietnam’s pepper export industry is expected to reach its target of $1 billion by the end of 2024. Due to reduced pepper stocks, exports in the last months of 2024 will be lower than in previous years and will continue to be so until March 2025.
Global pepper prices are likely to rise and remain high until the new harvest season in Vietnam begins next year. Vietnam, one of the leading exporters of the spice, earns about $1.5 billion a year from the industry.
Vietnamese spices have been sold to more than 125 countries, dominating many large markets. Pepper is the main export product, with strong growth in value and output. Increasing processed products and trade promotion are the keys to expanding the Vietnamese spice market globally.
World pepper price today
Update on world pepper prices from the International Pepper Community (IPC), at the end of the most recent trading session, IPC listed the price of Indonesian Lampung black pepper at 7,542 USD/ton (down 0.47%), and the price of Muntok white pepper at 9,097 USD/ton (up 1.95%).
Brazilian ASTA 570 black pepper price is at USD 7,500/ton. Malaysian ASTA black pepper price remains stable at USD 8,800/ton; ASTA white pepper price of this country reaches USD 10,900/ton.
Vietnam's black pepper prices are stable at a high level, trading at 6,600 USD/ton for 500 g/l; 7,000 USD/ton for 550 g/l; and 9,300 USD/ton for white pepper.
The international pepper market in the first week of September showed mixed movements across regions. In South Asia, Indian pepper prices remained stable from last week, while Sri Lankan pepper prices increased.
In Southeast Asia, after two weeks of price increases, Indonesia saw pepper prices stabilize due to increased inventories after the harvest season. Malaysia recorded a decline in pepper prices for two consecutive weeks, but export prices started to increase after four weeks of stability. Brazilian black pepper prices increased continuously for three weeks, while Cambodian black pepper and Chinese white pepper prices remained unchanged.
Vietnam recorded an increase in both domestic and export pepper prices in the first week of September. The Vietnam Pepper and Spice Association reported that the average export price of black pepper in the first eight months of the year was $4,712 per ton and white pepper was $6,326 per ton, up from the same period last year. By the end of August, Vietnam had exported 183,756 tons of pepper, surpassing the year's harvest.
