Pepper price today November 29, 2024: Sharp increase to 1,500 VND/kg
Pepper price today November 29, 2024 is in the range of 141,500 - 143,500 VND/kg. Domestic pepper price increased sharply from 1,000 to 1,500 VND/kg in some localities.
Domestic pepper price on November 29, 2024
Specifically, Dak Lak pepper price was purchased at 143,500 VND/kg, an increase of 1,500 VND/kg compared to yesterday. Chu Se pepper price (Gia Lai) was purchased at 142,500 VND/kg, an increase of 1,000 VND/kg compared to yesterday. Dak Nong pepper price today was recorded at 143,500 VND/kg.
In the Southeast region, pepper prices today increased sharply from 1,000 to 1,500 VND/kg compared to yesterday. Specifically, in Ba Ria - Vung Tau, it is currently at 141,500 VND/kg, down 1,500 VND/kg compared to yesterday; in Binh Phuoc, pepper prices today are at 142,000 VND/kg.
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change from yesterday (Unit: VND/kg) |
|---|---|---|
| Gia Lai | 142,500 | +1,000 |
| Ba Ria - Vung Tau | 141,500 | +1,500 |
| Dak Lak | 143,500 | +1,500 |
| Binh Phuoc | 142,000 | +1,000 |
| Dak Nong | 143,500 | +1,300 |
Dak Nong is currently the leading locality in the Central Highlands and the whole country in terms of pepper growing area, but its output is only second, after Dak Lak. Pepper is the main crop here, however, most of the products are still sold in raw form through traders and small retailers, making the value not optimal.
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, and the price of Muntok white pepper at 9,101 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.
According to the General Department of Customs, from the beginning of the year to November 15, 2024, Vietnam exported 226,366 tons of pepper, reaching 1.16 billion USD. Although the export volume decreased by 3.6% compared to the same period in 2023, the turnover increased sharply by 46.8%, thanks to higher export prices.
In the first 9 months of 2024, the US imported 73,080 tons of pepper, with a turnover of 376.4 million USD, up 43.2% and 56.1% respectively over the same period last year. Vietnam led the supply with 56,820 tons (77.8% market share), followed by India, Indonesia, and Brazil, with import growth from these countries all above 27%.
Agents and farmers expect strong demand during the year-end festive season to boost consumption. In addition, lower production and a late harvest in Vietnam could help global pepper prices improve in the coming time.
