Pepper price today September 30, 2024: Slight recovery domestically
Pepper price today September 30, 2024 is in the range of 147,500 - 149,000 VND/kg, domestic pepper price slightly increased by 1,000 to 1,500 VND/kg compared to yesterday.
Domestic pepper price on September 30, 2024
Specifically, Dak Lak pepper price was purchased at 148,000 VND/kg, a slight increase of 1,000 VND/kg compared to yesterday. Chu Se pepper price (Gia Lai) was purchased at 148,000 VND/kg, a slight increase of 1,000 VND/kg compared to yesterday. Dak Nong pepper price today was recorded at 147,500 VND/kg.
In the Southeast region, pepper prices today increased slightly by 1,000 VND/kg compared to yesterday. Specifically, in Ba Ria - Vung Tau, it is currently at 148,000 VND/kg, down 1,000 VND/kg compared to yesterday; in Binh Phuoc, pepper prices today are at 149,000 VND/kg.
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change from yesterday (Unit: VND/kg) |
| Dak Lak | 148,000 | +1,000 |
| Gia Lai | 148,000 | +1,000 |
| Dak Nong | 147,500 | +1,500 |
| Ba Ria - Vung Tau | 148,000 | +1,000 |
| Binh Phuoc | 149,000 | +1,000 |
| Dong Nai | 148,000 | +1,000 |
Experts predict that domestic pepper prices may increase due to many factors. Currently, pepper trading volume is not much but is expected to increase in the last months of the year, to meet shopping demand for Tet.
Vietnam’s pepper prices are likely to rise due to high demand during the Tet holiday. PTEXIM Corp, a leading Vietnamese pepper exporter, said China has started buying more white pepper after Typhoon Yagi damaged white pepper growing areas in Hainan.
White pepper supply in China is expected to be tight due to increased demand in the last quarter of the year and during the Lunar New Year.
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 6,942 USD/ton, and the price of Muntok white pepper at 9,430 USD/ton.
The price of Brazilian ASTA 570 black pepper was at USD 6,750/ton. The price of Malaysian ASTA black pepper remained stable at USD 8,800/ton; the price of this country's ASTA white pepper reached USD 11,200/ton.
Vietnamese black pepper prices today are stable at a high level, trading at 6,800 USD/ton for 500 g/l; 550 g/l at 7,100 USD/ton; white pepper prices at 10,150 USD/ton.
Vietnam's Import-Export Department believes that pepper prices will remain stable at high levels in the short term due to low supply. Brazil and Indonesia, two major pepper producing countries, are in the harvest season but global demand has not increased significantly and China has not imported much, so prices are expected to increase only slightly.
In the long term, Vietnam's pepper export prices may be maintained due to the forecast of a decrease in the 2025 crop output. The 2025 pepper crop in Vietnam is expected to be harvested mainly in February, and may last until March and April, 1-2 months later than usual due to drought, reducing supply.
The Import-Export Department also predicted that the Vietnamese pepper industry would benefit from high export prices due to reduced supply. The Vietnam Pepper and Spice Association (VPSA) said that the amount of pepper is currently very low, remaining only at agents and warehouses of enterprises.
