Pepper price today December 15, 2024: Increase of 1,000 VND/kg in the Southeast
Pepper price today December 15, 2024 in the domestic market continued to increase by 1,000 VND/kg in the Southeast. The average pepper price is at 145,800 VND/kg.
Domestic pepper price on December 15, 2024
In the Central Highlands region, pepper price today in Dak Lak is stable compared to yesterday, reaching 146,000 VND/kg.
Pepper price in Gia Lai today increased by 1,000 VND/kg compared to yesterday, currently at 145,000 VND/kg.
Pepper price today in Dak Nong increased by 200 VND/kg compared to yesterday at 146,200 VND/kg.
In the Southeast region, pepper prices in Ba Ria - Vung Tau increased by 1,000 VND/kg compared to yesterday, currently at 146,000 VND/kg. Dong Nai increased by 1,000 VND/kg compared to yesterday at 146,000 VND/kg.
In addition, pepper price today in Binh Phuoc increased by 1,000 VND/kg compared to yesterday, currently at 146,000 VND/kg.
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change from yesterday (Unit: VND/kg) |
|---|---|---|
| Gia Lai | 145,000 | +1,000 |
| Ba Ria - Vung Tau | 146,000 | +1,000 |
| Dak Lak | 146,000 | 0 |
| Binh Phuoc | 146,000 | +1,000 |
| Dak Nong | 146,200 | +200 |
Note: The above prices are for reference only, the actual price will vary depending on the locality, shipping method, payment method, transaction volume, etc. Readers please contact the nearest pepper businesses and agents for specific advice.
Experts say that pepper prices have now passed the downward cycle and are entering an upward cycle. The decline in supply, combined with increased demand during the year-end holiday season, along with information about reduced exports from Vietnam, has put great pressure on the market. In addition, high transportation costs and the depreciation of the US dollar have also contributed to the recovery of pepper prices.
Although prices show signs of recovery, experts advise farmers not to rush to sell pepper in the early stages of the season, especially not to borrow money to store pepper, to avoid risks from unpredictable market fluctuations.
Currently, pepper prices are hovering around VND144,000/kg, bringing optimism to growers after a long period of difficulties. According to forecasts, the scarcity of supply, when inventories fell to the lowest level in the past 6-8 years, has created a great driving force for pepper prices to increase again. Moreover, export demand from major markets such as the US and EU remains stable and continues to support the domestic pepper market.
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 6,787 USD/ton (down 0.31%), and the price of Muntok white pepper at 9,068 USD/ton (down 0.31%).
The price of Brazilian ASTA 570 black pepper is at USD 6,300/ton. The price of Malaysian ASTA black pepper is at USD 8,200/ton; the price of this country's ASTA white pepper is at USD 10,400/ton.
Vietnamese black pepper prices today remain high, trading at 6,300 USD/ton for 500 g/l; 550 g/l at 6,600 USD/ton; white pepper prices at 9,400 USD/ton.
According to a report from the Vietnam Pepper and Spices Association (VPSA), in the first 11 months of 2024, Vietnam exported a total of 235,335 tons of pepper of all kinds, bringing in 1.22 billion USD. Although the export volume decreased by 3.5% compared to the same period last year, the turnover increased sharply by 46.9%.
The US continues to be Vietnam's largest pepper consumer market, with 67,802 tons exported, up 41.1% compared to 2023.
Other countries such as the UAE, Germany, the Netherlands, South Korea, Pakistan, Canada, Russia, and the UK also witnessed a significant increase in pepper exports. In particular, exports to Hong Kong (China) recorded an impressive breakthrough, reaching 3,933 tons compared to only 129 tons in the previous year. In contrast, exports to China decreased sharply, to only 9,661 tons, down 83.6%.
