Pepper price today December 21, 2024: Adjusted down
Pepper price today, December 21, 2024 in the domestic market is at 145,000 - 146,200 VND/kg. Pepper price is adjusted down 1,000 VND/kg compared to yesterday. Trading is slow before the holiday
Domestic pepper price on December 21, 2024
In the Central Highlands region, pepper price today in Dak Lak decreased by 1,000 VND/kg compared to yesterday, reaching 147,000 VND/kg.
Pepper price today in Gia Lai decreased by 1,000 VND/kg compared to yesterday, currently at 146,000 VND/kg.
Pepper price today in Dak Nong decreased by 1,000 VND/kg compared to yesterday at 147,200 VND/kg.
In the Southeast region, pepper prices in Ba Ria - Vung Tau today decreased by 1,000 VND/kg compared to yesterday, currently at 146,500 VND/kg. Pepper prices in Dong Nai decreased by 1,000 VND/kg compared to yesterday at 146,500 VND/kg.
In addition, pepper price today in Binh Phuoc decreased by 1,000 VND/kg compared to yesterday, currently at 146,000 VND/kg.
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change from yesterday (Unit: VND/kg) |
|---|---|---|
| Gia Lai | 145,000 | -1,000 |
| Ba Ria - Vung Tau | 145,500 | -1,000 |
| Dak Lak | 146,000 | -1,000 |
| Binh Phuoc | 145,000 | -1,000 |
| Dak Nong | 146,200 | -1,000 |
Note: The above prices are for reference only, the actual price will vary depending on the locality, shipping method, payment method, transaction volume, etc. Readers please contact the nearest pepper businesses and agents for specific advice.
After two consecutive days of increase, pepper prices have recorded a downward adjustment. Trading activities in the market have been quite slow, causing prices to not fluctuate much.
However, experts say the year-end holiday season will still be an important factor driving pepper prices in the short term, thanks to increased demand from international markets.
Currently, pepper inventories in Vietnam are at a very low level, putting pressure on market supply. In addition, the 2025 harvest is forecast to be 1-2 months later than usual.
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 6,736 USD/ton, and the price of Muntok white pepper at 8,907 USD/ton.
The price of Brazilian ASTA 570 black pepper was at $6,275/ton. The price of Malaysian ASTA black pepper was at $8,400/ton (up 2.38%); the price of this country's ASTA white pepper was at $10,600/ton (up 1.89%).
Vietnamese black pepper prices today remain high, trading at 6,400 USD/ton for 500 g/l; 550 g/l at 6,700 USD/ton; white pepper prices at 9,600 USD/ton.
Pepper prices are currently under great pressure from the sharp increase in the USD. The USD Index (DXY) has reached 108.26 points, the highest in the past 2 years, after the US Federal Reserve (Fed) decided to cut interest rates.
However, the Fed also signaled that the pace of monetary policy easing would slow down in the coming time, continuing to put pressure on commodity markets, including pepper.
Despite the current difficulties in pepper prices, the outlook for 2025 is positive. Marcellus Giovanni, CEO of Brazspice Spices International, predicts that pepper prices will increase in 2025 compared to 2024.
