Pepper price today November 21, 2024: Domestic price drops sharply, export pepper price is stable
Pepper price today November 21, 2024 is in the range of 138,000 - 139,500 VND/kg. Pepper price has decreased sharply from 500 to 1,000 VND/kg compared to yesterday. The world pepper market has no fluctuations.
Domestic pepper price on November 21, 2024
Specifically, Dak Lak pepper price was purchased at 139,500 VND/kg, down 500 VND/kg compared to yesterday. Chu Se pepper price (Gia Lai) was purchased at 138,000 VND/kg, down 1,000 VND/kg compared to yesterday. Dak Nong pepper price today was recorded at 139,500 VND/kg.
In the Southeast region, pepper prices today decreased sharply from 500 to 1,000 VND/kg compared to yesterday. Specifically, in Ba Ria - Vung Tau, it is currently at 138,000 VND/kg, down 1,000 VND/kg compared to yesterday; in Binh Phuoc, pepper prices today are at 138,500 VND/kg.
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change from yesterday (Unit: VND/kg) |
| Dak Lak | 139,500 | -500 |
| Gia Lai | 138,000 | -1,000 |
| Dak Nong | 139,500 | -500 |
| Ba Ria - Vung Tau | 138,000 | -1,000 |
| Binh Phuoc | 138,500 | -500 |
| Dong Nai | 138,000 | -500 |
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.
In the first 15 days of November, Vietnam exported 8,082 tons of pepper, reaching a turnover of 55.4 million USD, down 10.6% in volume and 5% in turnover compared to the first half of October. The largest exporting enterprises include Nedspice (988 tons), Tran Chau (895 tons), and Olam Vietnam (865 tons). The US continues to be the largest export market, accounting for 29.2% of the market share with 2,362 tons.
Since the beginning of the year, Vietnam has exported 234,824 tons of pepper, worth 1.17 billion USD, down 3.1% in volume but up 47.3% in value. The average export price reached 5,129 USD/ton, up sharply by 52.1% over the same period. On the other hand, Vietnam imported 31,080 tons of pepper worth 145.6 million USD, far exceeding the total import volume in 2023 (26,538 tons). Indonesia was the main supplier, accounting for 82.3% of total imports in the first half of November.
It is expected that Vietnam’s pepper exports will be favorable in early 2025 thanks to strong demand from the Chinese market. At the same time, global pepper supply will be scarce until February 2025 as Indonesia’s most recent harvest has ended. This is a great opportunity for Vietnam to take advantage of when entering the new harvest.
