Pepper price today November 30, 2024: Continue to increase sharply to 2,000 VND/kg
Pepper price today, November 30, 2024, is in the range of 143,000 - 145,500 VND/kg. Domestic pepper price increased sharply from 1,500 to 2,000 VND/kg in some localities.
Domestic pepper price on November 30, 2024
Specifically, Dak Lak pepper price was purchased at 145,500 VND/kg, an increase of 2,000 VND/kg compared to yesterday. Chu Se pepper price (Gia Lai) was purchased at 144,000 VND/kg, an increase of 1,500 VND/kg compared to yesterday. Dak Nong pepper price today was recorded at 145,500 VND/kg.
In the Southeast region, pepper prices today increased sharply from 1,500 to 2,000 VND/kg compared to yesterday. Specifically, in Ba Ria - Vung Tau, it is currently at 143,000 VND/kg, an increase of 1,500 VND/kg compared to yesterday; in Binh Phuoc, pepper prices today are at 144,000 VND/kg.
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change from yesterday (Unit: VND/kg) |
|---|---|---|
| Gia Lai | 144,000 | +1,500 |
| Ba Ria - Vung Tau | 143,000 | +1,500 |
| Dak Lak | 145,500 | +2,000 |
| Binh Phuoc | 144,000 | +2,000 |
| Dak Nong | 145,005 | +2,000 |
Vietnam is currently one of the world's largest pepper exporters, accounting for about 11% of the global market share (as of 2023). In the first 10 months of 2024, Vietnam exported 219,000 tons of pepper and spice products. Items such as pepper, cinnamon, and star anise have been successfully exported to large and potential markets such as the United States, the EU, China, India, and the Middle East.
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 6,642 USD/ton (up 0.42%), and the price of Muntok white pepper at 9,131 USD/ton (up 0.33%).
The price of Brazilian ASTA 570 black pepper was at USD 6,150/ton (up 1.63%). 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 prices at 9,400 USD/ton.
Last year, pepper prices increased sharply from the beginning of the season as traders increased purchases for export to China. This contributed to expectations of a new price increase cycle for pepper, as supplies became increasingly scarce. These signals show that the pepper market is gradually shifting to a phase that is beneficial to pepper growers.
