Pepper price today November 25, 2024: Rare week of slight increase of 1,000 VND/kg
Pepper price today, November 25, 2024, is around 139,000 - 140,000 VND/kg. Pepper price increased from 500 to 1,000 VND/kg compared to the beginning of last week. The world pepper market has not fluctuated all week.
Domestic pepper price on November 25, 2024
Specifically, Dak Lak pepper price was purchased at 140,000 VND/kg, an increase of 500 VND/kg compared to the beginning of last week. Chu Se pepper price (Gia Lai) was purchased at 139,500 VND/kg, an increase of 500 VND/kg compared to the beginning of last week. Dak Nong pepper price today was recorded at 140,000 VND/kg.
In the Southeast region, pepper prices today increased by 1,000 VND/kg compared to last week. Specifically, in Ba Ria - Vung Tau, it is currently at 140,000 VND/kg, an increase of 1,000 VND/kg compared to the beginning of last week; in Binh Phuoc, pepper prices today are at 139,000 VND/kg.
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change compared to the beginning of last week (Unit: VND/kg) |
| Dak Lak | 140,000 | +500 |
| Gia Lai | 139,500 | +500 |
| Dak Nong | 140,000 | - |
| Ba Ria - Vung Tau | 140,000 | +1,000 |
| Binh Phuoc | 139,000 | - |
| Dong Nai | 140,000 | +1,000 |
Last week, the domestic pepper market recorded continuous fluctuations, with pepper prices increasing slightly from 500 - 1,000 VND/kg. This is a rare week in recent times when domestic pepper prices have increased, bringing a positive signal to pepper growers.
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.
Pepper prices in the international market are expected to remain stable thanks to high demand from major importers. However, competition from exporting countries such as Brazil and Indonesia may slow down the price increase than expected, affecting the market recovery.
According to the International Pepper Community, the pepper market last week was clearly differentiated. Domestic black pepper prices in Sri Lanka continued to increase, while in India, the pepper fruit setting process was severely affected by dry weather from June to July and rains that continued until September. These conditions not only reduced the number of thorns but also increased the incidence of diseases, with further rains from the Northeast monsoon forecast to impact key pepper growing areas.
Buyers remain cautious, awaiting more information on new crop production in Vietnam and Brazil. In addition, high coffee prices are fueling speculation among traders and farmers, putting further pressure on pepper prices in many regions.
