Pepper price today August 25, 2024: Slight decrease of 1,000 VND
Pepper price today August 25, 2024 is around 143,000-144,000 VND/kg, pepper price decreased by 1,000 VND compared to yesterday.
Domestic pepper price on August 25, 2024
Specifically, Dak Lak pepper price was purchased at 144,000 VND/kg, a slight decrease of 1,000 VND compared to yesterday. Chu Se pepper price (Gia Lai) was purchased at 143,000 VND/kg, a slight decrease of 1,000 VND compared to yesterday. Dak Nong pepper price today was recorded at 144,000 VND/kg.
In the Southeast region, pepper prices today fluctuated in opposite directions compared to yesterday. Specifically, in Ba Ria - Vung Tau, it is currently at 143,000 VND/kg, down 1,000 VND compared to yesterday; in Binh Phuoc, pepper prices today are at 143,000 VND/kg, up 1,000 VND/kg compared to yesterday.
Domestic pepper price list on August 25, 2024
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change from last week (Unit: VND/kg) |
| Dak Lak | 144,000 | -1,000 |
| Gia Lai | 143,000 | -1,000 |
| Dak Nong | 144,000 | -1,000 |
| Ba Ria - Vung Tau | 143,000 | -1,000 |
| Binh Phuoc | 143,000 | +1,000 |
| Dong Nai | 143,000 | -1,000 |
Mr. Hoang Phuoc Binh, Vice President of Chu Se Pepper Association, commented that this year's pepper market is not as stable as previous years and predicted there will be a shortage of goods before the new crop season around January.
Pepper harvest season in Vietnam usually takes place from January to April. In Quang Tri, the harvest season can last until the end of June, but the quantity is not much.
Gardeners expressed concern because some pepper gardens did not bear fruit this season, while others expected a bumper crop, depending on weather conditions.
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 7,490 USD/ton (up 0.15%), and the price of Muntok white pepper at 8,818 USD/ton (up 0.15%).
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.
Mr. Duong Duc Quang, Deputy General Director of the Vietnam Commodity Exchange (MXV), announced that domestic pepper prices have remained high since the beginning of 2024. The reason for the high prices is the shortage of supply, with the pepper growing area decreasing significantly, leading to a decrease in output that cannot meet the market demand.
Domestic pepper output is expected to be around 170,000 tonnes in 2024, the lowest in the past five years. The supply shortage is not only in Vietnam but also globally, with a predicted shortfall of 64,000 tonnes.
The scarcity of supply both domestically and internationally helps pepper prices remain high, thereby creating large export turnover despite a decrease in export volume.
