Pepper price today November 27, 2024: Domestic pepper price is stable
Pepper price today November 27, 2024 is around 140,000 - 141,000 VND/kg. Domestic and export pepper prices are stable, without any fluctuations.
Domestic pepper price on November 27, 2024
Specifically, Dak Lak pepper price was purchased at 141,000 VND/kg, unchanged from yesterday. Chu Se pepper price (Gia Lai) was purchased at 140,500 VND/kg, unchanged from yesterday. Dak Nong pepper price today was recorded at 140,000 VND/kg.
In the Southeast region, pepper prices today remain unchanged from yesterday. Specifically, in Ba Ria - Vung Tau, the price is currently at 141,000 VND/kg, unchanged from yesterday; in Binh Phuoc, pepper prices today are at 140,000 VND/kg.
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change from yesterday (Unit: VND/kg) |
| Dak Lak | 141,000 | - |
| Gia Lai | 140,500 | - |
| Dak Nong | 141,000 | - |
| Ba Ria - Vung Tau | 141,000 | - |
| Binh Phuoc | 140,000 | - |
| Dong Nai | 141,000 | - |
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 6,624 USD/ton (up 2.46%), and the price of Muntok white pepper at 9,139 USD/ton (up 1.06%).
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.
According to information from the 2024 Annual Conference of the Public-Private Partnership Group on Pepper and Spices, the country currently has more than 115,000 hectares of pepper and spice crops. Of which, the South Central Coast and Central Highlands regions account for more than 75,300 hectares, the rest are distributed in the South and the North. However, the planting area is expected to decrease to 110,000 hectares due to the impact of weather, pests and diseases and the increase in prices of many other agricultural products.
Vietnam’s pepper and spice industry is facing difficulties in expanding its export markets. Some markets are reducing imports and increasing technical standards and barriers. This puts great pressure on the competitiveness of Vietnamese pepper products in the international market.
According to Ms. Hoang Thi Lien, President of the Vietnam Pepper and Spice Association (VPSA), pepper prices increased sharply in 2024 but often fluctuated suddenly due to the impact of geopolitical conflicts. Exports to the US, Europe and the Middle East increased significantly, while the Indian market and especially China decreased sharply. The industry expects the Chinese market to recover in 2025, boosting exports again.
