Pepper price today September 14, 2024: Pepper export price suddenly dropped sharply
Pepper price today September 14, 2024 is in the range of 152,000-156,000 VND/kg, Gia Lai pepper price increased slightly by 1,000 VND/kg compared to yesterday. In contrast, pepper export price suddenly decreased sharply.
Domestic pepper price on September 14, 2024
Specifically, Dak Lak pepper price was purchased at 156,000 VND/kg, stable compared to yesterday. Chu Se pepper price (Gia Lai) was purchased at 153,000 VND/kg, slightly increased by 1,000 VND/kg compared to 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 14, 2024
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change from last week (Unit: VND/kg) |
| Dak Lak | 156,000 | - |
| Gia Lai | 154,000 | +1,000 |
| Dak Nong | 156,000 | - |
| Ba Ria - Vung Tau | 155,000 | - |
| Binh Phuoc | 152,000 | - |
| Dong Nai | 155,000 | - |
The Vietnam Pepper and Spices Association reports that pepper inventories from 2023, along with imports in 2024, are estimated at around 40,000 to 45,000 tonnes. This forecasts that pepper exports from August to the end of the year will be lower than in previous years, until the new crop is harvested in March 2025.
Mr. Marcellus Giovanni, CEO of Brazspice Spices International, said that through surveys of pepper gardens in major areas such as Dak Nong, Dak Lak, Binh Phuoc, Ba Ria - Vung Tau and Dong Nai, although there are many pepper chains, there are also many chains with few seeds. Moreover, the current pepper is younger than this time last year.
International demand for pepper remains high, especially in traditional import markets. However, demand from China is volatile and may decline as pepper prices rise.
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 7,559 USD/ton (up 0.01%), and the price of Muntok white pepper at 9,117 USD/ton (up 0.01%).
The price of Brazilian ASTA 570 black pepper was at USD 7,400/ton. 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.
The price of Vietnamese black pepper today suddenly decreased, trading at 6,800 USD/ton (down 4.22%) for 500 g/l; 550 g/l at 7,100 USD/ton (down 1.73%); the price of white pepper at 10,150 USD/ton.
Drought in Espírito Santo, Brazil, has severely impacted the agricultural sector, especially coffee and pepper. Coffee producers in the Caparaó region, known for its high-quality beans, are facing production reductions of up to 60%.
Drought also halved black pepper production in the northern part of the state. High summer temperatures reduced the black pepper crop by up to 50%, and the impact continued into the fall and winter.
Due to the harsh weather, pepper plants have lost flowers and fruits, resulting in very small harvests. The president of the São Mateus Farmers Association, Renilton Correia, reports that producers are suffering an average loss of 80% of their production. The drop in production has had a negative impact on the market.
