Pepper price today December 24, 2024: Domestic price continues to decrease
Pepper prices today, December 24, in the domestic market continued to decrease from 500 to 1,000 VND/kg compared to yesterday. Pepper prices are being affected by the USD and the cash flow into coffee.
Domestic pepper price on December 24, 2024
In the Central Highlands region, today's pepper price in Dak Lak is at its highest level of 145,000 VND/kg.
Pepper price today in Gia Lai decreased by 500 VND/kg compared to yesterday, currently at 144,000 VND/kg.
Pepper price today in Dak Nong decreased by 300 VND/kg compared to yesterday at 145,000 VND/kg.
In the Southeast region, pepper prices in Ba Ria - Vung Tau today decreased by 500 VND/kg compared to yesterday, currently at 145,000 VND/kg. Pepper prices in Dong Nai decreased by 500 VND/kg compared to yesterday, at 144,500 VND/kg.
In addition, pepper price today in Binh Phuoc decreased by 1,000 VND/kg compared to yesterday, currently at 144,000 VND/kg.
| Province/district (survey area) | Purchase price(Unit: VND/kg) | Change from yesterday (Unit: VND/kg) |
|---|---|---|
| Gia Lai | 144,000 | -500 |
| Ba Ria - Vung Tau | 145,000 | -500 |
| Dak Lak | 145,000 | 0 |
| Binh Phuoc | 144,000 | -1,000 |
| Dak Nong | 145,000 | -300 |
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.
Despite the strong increase in pepper production, the global pepper industry still faces many challenges. In Vietnam, pepper inventories are currently very low. In addition, the 2025 harvest is expected to start 1-2 months later and produce lower output due to prolonged drought.
The decline in supply could lead to a shortage in the global market, creating conditions for pepper prices to increase in the coming time. However, the pressure from the USD exchange rate and the cash flow shifting to coffee is still having a significant impact on the industry.
Pepper exports to the US and Europe are increasing, but decreasing in the Chinese and Middle Eastern markets. This causes market prices to fluctuate suddenly, causing difficulties for businesses. At the same time, strict regulations on pesticide residues and environmental standards in major markets continue to put pressure on pepper production and export processes.
It is forecasted that pepper prices will continue to fluctuate in the coming time due to supply and demand factors in the domestic and international markets. The combination of low inventory levels and high demand can push prices to new levels, bringing opportunities but also posing many challenges for the pepper industry.
World pepper price today
According to the International Pepper Community (IPC), the price of Indonesian Lampung black pepper is at $6,739/ton. Brazilian ASTA 570 black pepper is traded at $6,275/ton. Malaysian Kuching black pepper is priced at $8,400/ton, significantly higher than other markets.
For Vietnam, the price of 500 g/l black pepper reached 6,400 USD/ton, while 550 g/l was sold at 6,700 USD/ton. The price of white pepper in the international market also recorded large fluctuations. Specifically, Indonesian Muntok white pepper was listed at 8,911 USD/ton, Malaysian ASTA white pepper reached 10,600 USD/ton, and Vietnamese white pepper stood at 9,600 USD/ton.
