Pepper price today December 2, 2024: A week of strong increase to 7,500 VND/kg
Pepper price today December 2, 2024 is in the range of 143,000 - 145,500 VND/kg. Domestic pepper price increased sharply from 4,500 to 7,500 VND/kg compared to the beginning of last week in some localities.
Domestic pepper price on December 2, 2024
Specifically, Dak Lak pepper price was purchased at 145,500 VND/kg, an increase of 7,000 VND/kg compared to last week. Chu Se pepper price (Gia Lai) was purchased at 144,000 VND/kg, an increase of 5,000 VND/kg compared to last week. Dak Nong pepper price today was recorded at 145,500 VND/kg.
In the Southeast region, pepper prices today increased sharply from 4,500 to 5,000 VND/kg compared to yesterday. Specifically, in Ba Ria - Vung Tau, it is currently at 143,000 VND/kg, an increase of 4,500 VND/kg 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 compared to the beginning of last week (Unit: VND/kg) |
| Gia Lai | 145,000 | 5,000 |
| Ba Ria - Vung Tau | 144,000 | 4,500 |
| Dak Lak | 147,000 | 7,000 |
| Binh Phuoc | 145,000 | 5,000 |
| Dak Nong | 146,500 | 7,500 |
According to Ms. Hoang Thi Lien, President of the Vietnam Pepper and Spice Association (VPSA), in the last two months of 2024, Vietnam plans to export 50,000 tons of pepper, earning about 300 million USD. Thus, the total pepper export turnover in 2024 is estimated to reach 1.4 billion USD.
Towards 2025, the pepper and spice industry will focus on supporting farmers, cooperatives and businesses to meet international standards on food quality and safety. This is part of a long-term strategy to increase product value, expand markets and enhance the position of Vietnamese pepper in the world.
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 6,642 USD/ton (up 0.42%), and the price of Muntok white pepper at 9,131 USD/ton (up 0.33%).
The price of Brazilian ASTA 570 black pepper was at USD 6,150/ton (up 1.63%). 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 prices at 9,400 USD/ton.
