Pepper price today September 12, 2024: Continuing to increase, highest price 156,000 VND/kg
Pepper price today, September 12, 2024, is in the range of 152,000-156,000 VND/kg, pepper price increased sporadically from 500 to 1,000 VND/kg compared to yesterday in some Central Highlands provinces.
Domestic pepper price on September 12, 2024
Specifically, Dak Lak pepper price was purchased at 156,000 VND/kg, a slight increase of 500 VND/kg compared to yesterday. Chu Se pepper price (Gia Lai) was purchased at 153,000 VND/kg, unchanged from yesterday. Dak Nong pepper price today was recorded at 156,000 VND/kg.
In the Southeast region, pepper prices today are stable compared to yesterday. Specifically, in Ba Ria - Vung Tau, it is currently at 155,000 VND/kg; in Binh Phuoc, pepper prices today are at 152,000 VND/kg.
Domestic pepper price list September 12, 2024
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change from last week (Unit: VND/kg) |
| Dak Lak | 156,000 | +500 |
| Gia Lai | 153,000 | - |
| Dak Nong | 156,000 | +1,000 |
| Ba Ria - Vung Tau | 155,000 | - |
| Binh Phuoc | 152,000 | - |
| Dong Nai | 155,000 | - |
A recent report by Ptexim showed that domestic pepper prices increased by 1.92% last week. There was an increase in pepper demand in major markets such as the European Union (EU), the Middle East and Asia, but a decrease in China compared to last week. Last weekend, pepper demand from China unexpectedly increased, making the market bustling again.
The cost of shipping goods to the US has dropped by about $2,000 per 40-foot container, while shipping rates to other regions such as the EU, Asia and Africa have remained largely unchanged.
The Vietnamese Dong (VND) strengthened by about 1%, leading to an increase in pepper prices when calculated in US Dollar (USD). The VND is expected to continue to appreciate due to the possibility of a weakening of the US Dollar after the US Federal Reserve (Fed) cut interest rates.
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, and the price of Muntok white pepper at 9,096 USD/ton (down 0.01%).
The price of Brazilian ASTA 570 black pepper was at USD 7,400/ton (down 1.33%). The price of Malaysian ASTA black pepper remained stable at USD 8,800/ton; the price of this country's ASTA white pepper reached 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.
According to the Indian Pepper and Spice Trade Association (IPSTA), 20 to 25 tonnes of pepper are sold in Kochi every day, most of it imported. Importers are dumping their excess stocks, creating panic in the market and fearing further price fall.
Mr. Kishor Shamji, director of IPSTA, informed that in July, India imported 4,400 tonnes of pepper from Sri Lanka, which accounted for the majority of the total 5,085 tonnes imported.
Most of the pepper imported into India suffers from quality problems such as high moisture and mold, forcing distributors to sell their inventory at a loss, causing pepper prices to fall further.
