Pepper price today September 15, 2024: Still increasing slightly in Indonesia
Pepper price today, September 15, 2024, is around 152,000 - 156,000 VND/kg, stable compared to yesterday. Meanwhile, pepper export price in Indonesia continues to increase slightly.
Domestic pepper price on September 15, 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, stable 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.
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Domestic pepper price list September 15, 2024
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change from yesterday (Unit: VND/kg) |
| Dak Lak | 156,000 | - |
| Gia Lai | 154,000 | - |
| Dak Nong | 156,000 | - |
| Ba Ria - Vung Tau | 155,000 | - |
| Binh Phuoc | 152,000 | - |
| Dong Nai | 155,000 | - |
Pepper gardens in Dak Nong, Dak Lak, Binh Phuoc, Ba Ria - Vung Tau and Dong Nai show that the quantity of pepper is uneven, some places have a lot but some places have a little. Compared to last year, this year's pepper is still young and not fully developed.
The world market still has high demand for pepper, especially from familiar markets. Pepper demand from China varies depending on prices, and may decrease when pepper prices increase.
With current pepper prices and favorable market conditions, Vietnam's pepper exports are likely to surpass US$1 billion, marking a strong comeback after six years.
Growers and businesses need to pay attention to the impact of weather such as drought and storms on pepper output and quality. Trade policies and tariffs of importing countries also affect pepper prices and consumption.
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 7,562 USD/ton (up 0.04%), and the price of Muntok white pepper at 9,121 USD/ton (up 0.04%).
Brazilian ASTA 570 black pepper price is at USD 7,400/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.
Vietnamese black pepper prices today are stable at a high level, trading at 6,800 USD/ton for 500 g/l; 550 g/l at 7,100 USD/ton; white pepper prices at 10,150 USD/ton.
IPC is optimistic about the pepper market outlook, with no price decline recorded in the second week of September. Indian pepper prices have increased after two weeks of stability, both domestically and internationally.
Despite a session of price reduction, Vietnam's pepper export prices continued to increase during the week, especially white pepper, with prices above 10,000 USD/ton.
Demand for pepper from China has increased sharply since the beginning of the month, with large orders of 3,000 - 4,000 tonnes, to compensate for the shortage of raw materials due to an expected decrease in global output in the coming years.
The Middle East market also showed high demand for large orders, after selling out cheap imported inventories since the beginning of the year.
