Pepper price today November 28, 2024: Pepper price fluctuates
Pepper price today November 28, 2024 is in the range of 140,000 - 142,000 VND/kg. Domestic pepper price fluctuates by 1,000 VND/kg in some localities.
Domestic pepper price on November 28, 2024
Specifically, Dak Lak pepper price was purchased at 142,000 VND/kg, an increase of 1,000 VND/kg compared to yesterday. Chu Se pepper price (Gia Lai) was purchased at 141,500 VND/kg, an increase of 1,000 VND/kg compared to yesterday. Dak Nong pepper price today was recorded at 142,200 VND/kg.
In the Southeast region, pepper prices today fluctuated by 1,000 VND/kg compared to yesterday. Specifically, in Ba Ria - Vung Tau, it is currently at 140,000 VND/kg, down 1,000 VND/kg compared to yesterday; in Binh Phuoc, pepper prices today are at 141,000 VND/kg.
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change from yesterday (Unit: VND/kg) |
| Dak Lak | 142,000 | +1,000 |
| Gia Lai | 141,500 | +1,000 |
| Dak Nong | 142,200 | +1,200 |
| Ba Ria - Vung Tau | 140,000 | -1,000 |
| Binh Phuoc | 141,000 | +1,000 |
| Dong Nai | 140,000 | -1,000 |
It is forecasted that the area for pepper and spice cultivation will decrease to about 110,000 hectares in the coming time. The main reasons are unfavorable weather, pests and diseases, along with the increase in prices of many other agricultural products.
Besides, market expansion is facing difficulties, some markets are reducing imports and increasing technical regulations and standards on Vietnamese pepper products.
Therefore, control of production processes, including soil health and crop quality, will become even more stringent.
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 6,596 USD/ton (down 0.42%), and the price of Muntok white pepper at 9,101 USD/ton (down 0.42%).
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.
Vietnam’s pepper and spice industry has a public-private partnership group of eight enterprises, including three international import-export enterprises and five leading domestic producers. This group accounts for 80% of Vietnam’s export output.
The Ministry of Agriculture is implementing projects to develop the pepper industry in a sustainable manner, and the public-private partnership group needs to play an even more important role. Mr. Nguyen Quy Duong emphasized that direct guidance to farmers on cultivation is necessary to maintain export markets, especially in the US, EU and expanding to Halal markets.
The Halal market, with a consumption demand of up to 10,000 billion USD, requires products to meet its own standards. Vietnam already has a Halal certification organization, but to export to this market, businesses and farmers need to be trained in standard cultivation and production processes.
