Pepper price today September 20, 2024: Up 2,000 VND
Pepper price today September 20, 2024 is in the range of 148,500 - 151,000 VND/kg, today's pepper price increased sharply from 500 to 2,000 VND/kg compared to yesterday.
Domestic pepper price on September 20, 2024
Specifically, Dak Lak pepper price was purchased at 151,000 VND/kg, an increase of 500 VND/kg compared to yesterday. Chu Se pepper price (Gia Lai) was purchased at 148,500 VND/kg, a slight increase of 500 VND/kg compared to yesterday. Dak Nong pepper price today was recorded at 151,000 VND/kg.
In the Southeast region, pepper prices today increased sharply in localities compared to yesterday. Specifically, in Ba Ria - Vung Tau, it is currently at 149,000 VND/kg, a sharp increase of 1,000 VND/kg compared to yesterday; in Binh Phuoc, pepper prices today are at 150,000 VND/kg.
Domestic pepper price list September 20, 2024
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change from yesterday (Unit: VND/kg) |
| Dak Lak | 151,000 | +500 |
| Gia Lai | 148,500 | +500 |
| Dak Nong | 151,000 | +1,000 |
| Ba Ria - Vung Tau | 149,000 | +1,000 |
| Binh Phuoc | 150,000 | +2,000 |
| Dong Nai | 149,000 | +1,000 |
Pepper prices are unlikely to increase in the near future due to reduced demand in major markets such as the United States, the European Union and Asia. China continues to import pepper but in insignificant quantities.
According to Mr. Le Duc Huy, General Director of Dak Lak 2/9 Import-Export Company Limited - Simexco, Vietnam still has about 30% of inventory, about 50,000 to 55,000 tons. Traditional markets are not rushing to buy more, waiting for a more stable price.
Despite the somewhat reduced supply, there are no signs of a sharp increase in pepper prices as at the beginning of the year. Despite farmers’ hopes for higher prices, pepper prices are likely to stabilize at current levels in the near future.
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 7,589 USD/ton (down 0.04%), and the price of Muntok white pepper at 9,154 USD/ton (up 0.07%).
Brazilian ASTA 570 black pepper prices were at $7,000/ton (down 4.1%). Malaysian ASTA black pepper prices remained stable at $8,800/ton; the country’s ASTA white pepper prices reached $10,900/ton.
Vietnamese black pepper prices today are stable at a high level, trading at 6,800 USD/ton for 500 g/l; 550 g/l at 7,100 USD/ton; white pepper prices at 10,150 USD/ton.
In the first half of September 2024, Vietnam exported 6,917 tons of pepper, earning 42.3 million USD. Compared to the previous month, the export volume decreased by 30%, causing domestic pepper prices to fall in the last three sessions.
Data from the General Department of Customs showed that the export volume in the first half of the month was 7,278 tons, worth 45.4 million USD, up 1.1% in volume and 72.4% in value compared to the previous year.
From the beginning of the year to September 15, total exports were 190,208 tons, worth 923.3 million USD, down 2.5% in volume but up 44% in value compared to the same period last year. Indonesia and Brazil continued to be the two main pepper suppliers to Vietnam, with 359 tons and 245 tons, respectively.
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