Pepper price today October 18, 2024: Slight decrease of 500 VND/kg in the Central Highlands
Pepper price today October 18, 2024 is in the range of 144,000 - 144,500 VND/kg, today's pepper price slightly decreased by 500 VND/kg in some localities of the Central Highlands compared to yesterday.
Domestic pepper price on October 18, 2024
Specifically, Dak Lak pepper price was purchased at 144,500 VND/kg, down 500 VND/kg compared to yesterday. Chu Se pepper price (Gia Lai) was purchased at 144,000 VND/kg, stable compared to yesterday. Dak Nong pepper price today was recorded at 144,500 VND/kg.
In the Southeast region, pepper prices today are stable compared to yesterday. Specifically, in Ba Ria - Vung Tau, it is currently at 144,000 VND/kg, stable compared to yesterday; in Binh Phuoc, pepper prices today are at 144,000 VND/kg.
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change from yesterday (Unit: VND/kg) |
| Dak Lak | 144,500 | -500 |
| Gia Lai | 144,000 | - |
| Dak Nong | 144,500 | -500 |
| Ba Ria - Vung Tau | 144,000 | - |
| Binh Phuoc | 144,000 | - |
| Dong Nai | 144,000 | - |
Binh Phuoc agriculture is witnessing strong growth in organic pepper cultivation. Farmers switching to organic production are reaping success with high productivity, good quality and environmental protection.
In major pepper growing areas such as Loc Ninh and Bu Dop, organic farming has resulted in lush pepper gardens and higher prices. Chairman of the Farmers’ Association of Loc Hiep Commune, Mr. Nguyen Van Ha, said organic farming has helped improve the status of pepper. Most organic farming households have a stable income and a healthy life from pepper cultivation.
Chairman of the Loc Ninh District Farmers' Association, Mr. Hoang Ngoc Anh, emphasized the need to strengthen propaganda so that farmers can continue to produce sustainable organic pepper. Pepper products need to ensure quality to maintain the brand and meet export requirements. The Farmers' Association is cooperating with relevant units to support farmers and businesses, aiming to develop quality pepper products and a system to trace the origin of "Loc Ninh Pepper" products.
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 6,764 USD/ton (up 0.11%), and the price of Muntok white pepper at 9,260 USD/ton (up 0.11%).
The price of Brazilian ASTA 570 black pepper was at USD 6,400/ton. The price of Malaysian ASTA black pepper remained stable at USD 8,700/ton; the price of this country's ASTA white pepper reached USD 11,200/ton.
Vietnam's black pepper price today is stable, trading at 6,500 USD/ton for 500 g/l; 550 g/l at 6,800 USD/ton; white pepper price at 9,500 USD/ton.
In the first nine months of 2024, Brazil exported 49,367 tonnes of pepper, earning US$206.4 million. Although the export volume decreased by 15.3% compared to the previous year, the value increased by 15.8% due to the increase in selling prices.
The US imported 63,295 tonnes of pepper through August, up 37% from 2023 and accounting for nearly 92% of the total expected imports for the year. Vietnam was the main supplier with 49,277 tonnes, followed by India, Indonesia and Brazil.
The average pepper import price into the US was $4,849 per ton, up 5.7% year-on-year. Prices from Vietnam increased by 8.4% to $4,774 per ton, while prices from India and Indonesia increased slightly and those from Brazil decreased.
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