Pepper price today November 12, 2024: Binh Phuoc pepper price slightly decreased by 500 VND/kg
Pepper price today November 12, 2024 is in the range of 139,500 - 141,200 VND/kg, down slightly by 500 VND/kg in Binh Phuoc.
Domestic pepper price on November 12, 2024
Specifically, Dak Lak pepper price was purchased at 141,000 VND/kg, stable compared to yesterday. Chu Se pepper price (Gia Lai) was purchased at 140,000 VND/kg, stable compared to yesterday. Dak Nong pepper price today was recorded at 141,200 VND/kg.
In the Southeast region, pepper prices today are stable compared to yesterday. Specifically, in Ba Ria - Vung Tau, it is currently at 140,000 VND/kg, stable 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 | - |
| Gia Lai | 140,000 | - |
| Dak Nong | 141,200 | - |
| Ba Ria - Vung Tau | 140,000 | - |
| Binh Phuoc | 139,500 | -500 |
| Dong Nai | 140,000 | - |
According to a preliminary report by the Vietnam Pepper and Spice Association (VPSA), by the end of October, Vietnam had exported 219,387 tons of pepper of all kinds, reaching a turnover of more than 1.1 billion USD. Although the export volume decreased by 1.9% compared to the same period last year, the turnover increased sharply by 48%.
The Import-Export Department (Ministry of Industry and Trade) forecasts that in the last months of this year, Vietnam's pepper exports will face difficulties because domestic supply is no longer abundant and demand from China remains low.
However, it is expected that by early 2025, pepper exports will be more favorable when demand from China may increase sharply.
Besides, after Indonesia's latest harvest, the global pepper supply will not change significantly until February 2025. This is considered a favorable factor for Vietnam when entering the new harvest in 2025.
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 6,706 USD/ton, and the price of Muntok white pepper at 9,180 USD/ton.
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.
In Brazil, according to VPSA's report, pepper exports reached 6,462 tons in October, up 7.1% over the previous month and the highest export month this year. However, Brazil's total pepper exports by the end of October were only 52,988 tons, down 19.3% over the same period in 2023 and down 23.9% over 2022.
Despite the decrease in export volume, export turnover still reached 229.8 million USD, up 40.7% compared to last year and up 15.3% compared to 2022.
In the first 10 months of the year, the UAE became the main export market for Brazilian pepper with 7,174 tons, up 16.9% year-on-year and accounting for 13.5% of the market share. In contrast, pepper exports to Vietnam decreased by 49.2%, reaching only 6,979 tons, accounting for 13.2% of the market share. Brazil's next largest export markets include Pakistan (5,923 tons), India (5,562 tons) and Senegal (4,901 tons).
