Pepper price today August 24, 2024: Pepper price peaked at 145,000 VND/kg
Pepper price today August 24, 2024 is around 144,000-145,000 VND/kg, Binh Phuoc pepper price decreased sharply by 2,000 VND compared to yesterday.
Domestic pepper price on August 24, 2024
Specifically, Dak Lak pepper price was purchased at 145,000 VND/kg, stable compared to yesterday. Chu Se pepper price (Gia Lai) was purchased at 144,000 VND/kg, stable compared to yesterday. Dak Nong pepper price today was recorded at 145,000 VND/kg.
In the Southeast region, pepper prices today decreased slightly compared to yesterday. Specifically, in Ba Ria - Vung Tau, it is currently at 144,000 VND/kg, stable compared to yesterday; in Binh Phuoc, pepper prices today are at 142,000 VND/kg, down sharply by 2,000 VND/kg compared to yesterday.
Domestic pepper price list August 24, 2024
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change from last week (Unit: VND/kg) |
| Dak Lak | 145,000 | - |
| Gia Lai | 144,000 | - |
| Dak Nong | 145,000 | - |
| Ba Ria - Vung Tau | 144,000 | - |
| Binh Phuoc | 142,000 | -2,000 |
| Dong Nai | 144,000 | - |
Currently, domestic pepper prices are at 144,000-145,000 VND/kg. Due to stable gold and US dollar prices, few people choose to sell pepper. In 2024, agricultural product prices such as coffee, pepper, rice, and cashew nuts will increase, bringing great joy to farmers.
However, the lesson is to avoid overproduction to prevent past tragedies. It is important to manage price increases wisely and focus on sustainable development in the pepper industry.
VPSA aims to stabilize pepper growing areas and improve product quality. Farmers are advised to comply with international standards, especially on chemicals, and apply cultivation, pest control, processing, and preservation methods suitable to local climates.
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 7,537 USD/ton (down 0.78%), and the price of Muntok white pepper at 8,804 USD/ton (down 0.78%).
Brazilian ASTA 570 black pepper prices increased to USD 6,300/ton. Malaysian ASTA black pepper prices remained stable at USD 8,500/ton; the country's ASTA white pepper prices reached USD 10,400/ton.
Vietnam's black pepper price remains at a high level of 5,800 USD/ton for 500 g/l; 550 g/l at 6,200 USD/ton; white pepper price at 8,500 USD/ton.
Vietnam Maritime Administration announced that international shipping rates are decreasing. In August 2024, freight rates from Asia to the US and Europe decreased by 20-30%. Compared to September 2021, freight rates decreased by 44%.
Freight rates are down about 3-4% each week, showing a steady downward trend. Freight rate reductions are an opportunity for export businesses to expand and grow.
