Pepper price today August 20, 2024: Export of billions of USD is firmly in hand.
Pepper price today, August 20, 2024, is around 139,000-141,000 VND/kg, a sharp increase of 1,000 to 2,000 VND compared to yesterday. The billion-dollar export milestone of pepper this year is probably within reach.
Domestic pepper price on August 20, 2024
Specifically, Dak Lak pepper price was purchased at 141,000 VND/kg, a slight increase of 1,000 VND compared to yesterday. Chu Se pepper price (Gia Lai) was purchased at 139,000 VND/kg, a slight increase of 1,000 VND compared to August 19. Dak Nong pepper price today was recorded at 140,000 VND/kg, a slight increase of 1,000 VND/kg compared to last weekend.
In the Southeast region, pepper prices today increased sharply by 2,000 VND/kg compared to yesterday. Specifically, in Ba Ria - Vung Tau, it is currently at 140,000 VND/kg, an increase of 2,000 VND/kg compared to yesterday; in Binh Phuoc, pepper prices today are at 139,000 VND/kg, an increase of 1,000 VND/kg compared to yesterday.
Thus, pepper price today, August 20, increased from 1,000 to 2,000 VND/kg in some localities in key growing areas, recording the highest price of 141,000 VND, fluctuating in the price range of 139,000 - 141,000 VND/kg.
Domestic pepper price list on August 20, 2024
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change from last week (Unit: VND/kg) |
| Dak Lak | 141,000 | +1,000 |
| Gia Lai | 139,000 | +1,000 |
| Dak Nong | 140,000 | +1,000 |
| Ba Ria - Vung Tau | 140,000 | +2,000 |
| Binh Phuoc | 139,000 | +1,000 |
| Dong Nai | 140,000 | +2,000 |
Last week, the Vietnam Pepper and Spices Association announced the pepper export situation in the first half of August 2024. To date, the amount of pepper exported has reached 175,000 tons, surpassing this year's output target of 170,000 tons.
Total export value is currently at 820 million USD. With more than 4 months left to export, Vietnam's pepper industry is likely to reach its revenue target of 1 billion USD this year.
Although it was predicted that global supply shortages would increase pepper prices, high pepper prices have actually reduced global demand for the spice.
In a difficult economic climate, consumers tend to eliminate non-essential products from their daily shopping lists, including pepper.
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 7,412 USD/ton, and the price of Muntok white pepper at 8,728 USD/ton.
The price of Brazilian ASTA 570 black pepper was stable at USD 6,205/ton. The price of Malaysian ASTA black pepper remained stable at USD 8,500/ton; the price of this country's ASTA white pepper reached USD 10,400/ton.
Vietnam's black pepper price remains at a high level of 5,800 USD/ton for 500 g/l; 550 g/l at 6,200 USD/ton; white pepper price at 8,500 USD/ton.
