Pepper price today October 23, 2024: Slight increase in Gia Lai, domestic price stable
Pepper price list today October 23, 2024, domestic pepper price increased by 200 VND/kg in Gia Lai. Currently, domestic pepper price in key areas is in the range of 144,000 - 145,000 VND/kg. Dak Lak and Dak Nong pepper prices continue to have the highest price nationwide.
Domestic pepper price today October 23
Domestic pepper price market today October 23, pepper price increased slightly by 200 VND/kg in Gia Lai compared to the same time yesterday. Domestic pepper price was updated at 4:00 a.m. on October 23, 2024, the current average is around 144,400 VND/kg, in the range of 144,000 - 145,000 VND/kg. The highest purchase price in Dak Nong and Dak Lak provinces is 145,000 VND/kg
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change from yesterday (Unit: VND/kg) |
| Dak Lak | 145,000 | - |
| Gia Lai | 144,200 | +200 |
| Dak Nong | 145,000 | - |
| Ba Ria - Vung Tau | 144,000 | - |
| Binh Phuoc | 144,000 | - |
| Dong Nai | 144,000 | - |
Accordingly, in Dak Lak province, pepper price today is purchased at 145,000 VND/kg. Stable compared to the same time yesterday.
In Dak Nong province, pepper price today is purchased at 145,000 VND/kg. Stable compared to the same time yesterday.
In Gia Lai province, pepper price today is at 144,000 VND/kg. An increase of 200 VND/kg compared to the same time yesterday.
Meanwhile in Dong Nai, pepper price today is at 144,000 VND/kg. Stable compared to the same time yesterday.
In Ba Ria - Vung Tau province, pepper price today is at 144,000 VND/kg. Stable compared to the same time yesterday.
In Binh Phuoc province, pepper price today is purchased at 144,000 VND/kg. Stable compared to the same time yesterday.
The Ministry of Industry and Trade, in coordination with the Department of Industry and Trade of Ho Chi Minh City, will organize a workshop to introduce the commitments of the Regional Comprehensive Economic Partnership (RCEP). This is part of the plan to promote and disseminate signed free trade agreements (FTAs), aiming to raise awareness among local management agencies and support businesses to exploit the benefits of the agreement, especially in the field of agricultural exports.
The workshop entitled “Regional Comprehensive Economic Partnership (RCEP) and opportunities to promote Vietnam’s agricultural exports” is scheduled to take place on October 25, 2024 at Kim Do Hotel, Ho Chi Minh City. This is an opportunity to introduce and discuss export opportunities for the agricultural sector from commitments in RCEP.
Participants included representatives from the Ministry of Industry and Trade, the Ministry of Agriculture and Rural Development, local management agencies and representatives of associations and businesses related to agricultural products, helping them better understand how to take advantage of the agreement to promote exports.
World pepper price today October 23
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 6,753 USD/ton (down 0.62%), and the price of Muntok white pepper at 9,246 USD/ton (down 0.61%).
The price of Brazilian ASTA 570 black pepper was at USD 6,400/ton. The price of Malaysian ASTA black pepper remained stable at USD 8,700/ton; the price of this country's ASTA white pepper reached USD 11,200/ton.
Vietnamese black pepper prices are stable today, trading at 6,500 USD/ton for 500 g/l; 550 g/l at 6,800 USD/ton; white pepper prices at 9,500 USD/ton.
The rebound in pepper prices is a positive sign for the Vietnamese pepper industry after a long period of fluctuations. Higher prices than in previous years and brighter export prospects have encouraged many farmers to plant new plants and expand pepper growing areas, especially in provinces with traditional cultivation. This has created momentum for the industry to develop after a difficult period.
According to the Vietnam Pepper and Spice Association (VPSA), in the first 15 days of October, Vietnam exported 9,039 tons of pepper, earning 58.3 million USD. The US was the largest market, accounting for 31.7% of the market share with 2,865 tons, and Olam was the largest exporter with 1,424 tons. From the beginning of the year to mid-October, Vietnam's total pepper export volume reached 209,933 tons, bringing in 1.05 billion USD, although down 1.9% in volume but up 47% in value compared to the same period last year.
Long-term forecasts show that pepper export prices will be supported by the expected decrease in Vietnam's pepper output in the 2025 season. The 2025 pepper harvest will be delayed until March and April due to the impact of drought, causing difficulties in supply. This may continue to impact pepper export prices in the coming time.
