Pepper price today November 19, 2024: Stable, with a slight upward trend this week
Pepper price today, November 19, 2024, is around 139,000 - 140,000 VND/kg. The market is stable compared to yesterday. Pepper price is forecasted to increase slightly this week.
Domestic pepper price on November 19, 2024
Specifically, Dak Lak pepper price is purchased at 139,500 VND/kg. Chu Se pepper price (Gia Lai) is purchased at 139,000 VND/kg. Dak Nong pepper price today is recorded at 140,000 VND/kg.
In the Southeast region, pepper prices today remain unchanged compared to yesterday. Specifically, in Ba Ria - Vung Tau, it is currently at 139,000 VND/kg; in Binh Phuoc, pepper prices today are at 139,000 VND/kg.
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change from yesterday (Unit: VND/kg) |
| Dak Lak | 139,500 | - |
| Gia Lai | 139,000 | - |
| Dak Nong | 140,000 | - |
| Ba Ria - Vung Tau | 139,000 | - |
| Binh Phuoc | 139,000 | - |
| Dong Nai | 139,000 | - |
Recently, pepper prices in Dak Nong have been stable and high in key areas. Dak Nong aims to maintain 34,000 hectares of pepper by 2025, with an output of 73,000 tons/crop. By 2030, the area will decrease to 33,600 hectares but the output will still be over 73,000 tons/crop.
Dak Nong currently leads the Central Highlands in pepper growing area and ranks second in the country (after Dak Lak) in output. Pepper growing areas are mainly concentrated in Dak Song, Dak R'lap, and Dak Mil.
However, pepper production in Dak Nong is still fragmented, without close links between farmers. Currently, the province has 322.8 hectares of pepper certified by VietGAP, 601.7 hectares certified by organic, and more than 2,200 hectares meeting other international standards.
Dak Nong is aiming to develop pepper into a concentrated commodity production industry, improve product quality and link with preservation, processing and consumption according to the value chain.
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 6,470 USD/ton, and the price of Muntok white pepper at 9,055 USD/ton.
The price of Brazilian ASTA 570 black pepper was at USD 6,000/ton. The price of Malaysian ASTA black pepper remained stable at USD 8,400/ton; the price of this country's ASTA white pepper reached USD 10,500/ton.
Vietnamese black pepper prices today decreased slightly, trading at 6,200 USD/ton for 500 g/l; 550 g/l at 6,500 USD/ton; white pepper price at 9,400 USD/ton.
Pepper prices continue to be under pressure from increased cash flow into coffee trading and a stronger USD (up 1.6% last week). The USD index surpassed 106, reaching 107.06 before closing the week at 106.68. Weak demand also makes it difficult for pepper prices to increase sharply, although low supply is supporting prices to remain stable at around VND140,000/kg, with the possibility of a slight increase this week.
Vietnam is entering the harvest season with an expected output of about 170,000 tons, accounting for 35-40% of the global supply. This will be an important factor affecting world pepper prices in the coming time.
In Indonesia, the harvest in southern Sumatra is continuing with good yields thanks to favorable weather conditions. In areas such as Bengkulu and South Sumatra, farmers have started to stockpile pepper after selling large quantities earlier.
Following the Indonesian harvest, global pepper supplies will not see significant replenishment until February 2025, providing an opportunity for pepper prices to be supported by the upcoming Vietnamese harvest. This supply shortage could help the pepper market to remain stable or increase slightly in the short term.
