Pepper price today October 19, 2024: All prices decreased by 1,000 VND/kg

Domestic pepper price today October 19

Domestic pepper price market today October 19, pepper prices decreased by 1,000 VND/kg compared to the same time yesterday. Domestic pepper prices were updated at 4:00 a.m. on October 19, 2024, the current average is around 143,200 VND/kg, in the range of 143,000 - 143,500 VND/kg. The highest purchase price in Dak Nong and Dak Lak provinces is 143,000 VND/kg

Accordingly, in Dak Lak province, pepper price today is purchased at 143,500 VND/kg. A decrease of 1,000 VND/kg compared to the same time yesterday.

In Dak Nong province, pepper price today is purchased at 143,500 VND/kg. Decreased 1,000 VND/kg compared to the same time yesterday.

In Gia Lai province, pepper price today is at 143,000 VND/kg. Down 1,000 VND/kg compared to the same time yesterday.

Meanwhile in Dong Nai, pepper price today is at 143,000 VND/kg. Down 1,000 VND/kg compared to the same time yesterday.

In Ba Ria - Vung Tau province, pepper price today is at 143,000 VND/kg. Down 1,000 VND/kg compared to the same time yesterday.

In Binh Phuoc province, pepper price today is purchased at 143,000 VND/kg. Decreased 1,000 VND/kg compared to the same time yesterday.

Pepper prices are currently higher than in previous years and are expected to continue to be supported in the coming time. This encourages farmers in the country to replant pepper, a crop once known as “black gold”. Some farmers have decided to invest in new plantings or expand pepper growing areas, especially in provinces with favorable conditions for growing this crop.

Binh Phuoc, a province famous for its agriculture, is witnessing a strong development in organic pepper cultivation, with many farming households converting and receiving positive results. Although the pepper growing area in Binh Phuoc has decreased to about 12,450 hectares due to many factors such as low prices, diseases, and conversion to other crops, many families still persevere in taking care of their pepper gardens using organic methods.

Since the beginning of 2024, pepper prices have increased to over 100,000 VND/kg, bringing joy and motivation to pepper farmers. The transition to organic farming not only increases benefits for growers but also for consumers, opening a new direction for sustainable agriculture and stabilizing income for pepper growers.

World pepper price today October 19

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 6,773 USD/ton (up 0.13%), and the price of Muntok white pepper at 9,272 USD/ton (up 0.13%).

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.

Global economic instability has reduced the demand for pepper. Due to inflation and recession, consumers reduce spending on unnecessary products, including pepper.

Climate change, such as El Nino, has affected pepper planting and maintenance. La Nina also affects farmers’ decisions to plant pepper, especially when durian and coffee prices are high.

Pepper exports to China have decreased due to their large imports from Indonesia, affecting the pepper industry in Vietnam. The domestic pepper market has been unstable recently, with prices falling continuously, but some areas have started to see prices increase again.