Pepper price today October 5, 2024: Slight decrease of 1,000 VND/kg
Pepper price today October 5, 2024 is around 146,000 - 147,000 VND/kg, pepper price decreased slightly by 1,000 VND/kg compared to yesterday.
Domestic pepper price on October 5, 2024
Specifically, Dak Lak pepper price was purchased at 147,000 VND/kg, slightly down 1,000 VND/kg compared to yesterday. Chu Se pepper price (Gia Lai) was purchased at 146,000 VND/kg, slightly down 1,000 VND/kg compared to yesterday. Dak Nong pepper price today was recorded at 147,000 VND/kg.
In the Southeast region, pepper prices today decreased slightly by 1,000 VND/kg compared to yesterday. Specifically, in Ba Ria - Vung Tau, it is currently at 147,000 VND/kg, a slight decrease of 1,000 VND/kg compared to yesterday; in Binh Phuoc, pepper prices today are at 147,000 VND/kg.
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change from yesterday (Unit: VND/kg) |
| Dak Lak | 147,000 | -1,000 |
| Gia Lai | 146,000 | -1,000 |
| Dak Nong | 147,000 | -1,000 |
| Ba Ria - Vung Tau | 147,000 | -1,000 |
| Binh Phuoc | 147,000 | -1,000 |
| Dong Nai | 147,000 | -1,000 |
This year, pepper prices have increased significantly, from VND87,000/kg to VND150,000/kg, bringing high profits to farmers. The increase in pepper prices has increased Vietnam's export value compared to last year, but exporting enterprises have had difficulty purchasing the desired quantity.
Domestic pepper prices have fluctuated slightly since the beginning of the week, and due to limited availability, the market is currently quiet. It is expected that the Vietnamese pepper industry will continue to benefit from high export prices due to scarce supply. Currently, the amount of available pepper is very small, mainly in the warehouses of agents and businesses.
Stocks from 2023, together with estimated 2024 imports of around 40,000-45,000 tonnes, signal that exports will be lower by the end of the year than in previous years and will continue until March 2025, when the 2025 crop begins to be harvested.
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 6,826 USD/ton (down 0.95%), and the price of Muntok white pepper at 9,216 USD/ton (down 0.95%).
The price of Brazilian ASTA 570 black pepper was at USD 6,850/ton. The price of Malaysian ASTA black pepper remained stable at USD 8,900/ton; the price of this country's ASTA white pepper reached USD 11,400/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.
Recently, the price of Vietnamese pepper in the international market has been stable, not changing much. In contrast, the price of pepper from Indonesia and Brazil has fluctuated unstably.
Vietnam’s competitor, Indonesia, has a large supply from the new crop, which has reduced pepper prices on the international market. Brazil and Indonesia are in the harvest season, but global demand has not increased, and China has reduced pepper imports, leading to a downward trend in prices.
As of August 24, Indonesia’s pepper exports were up 67% year-on-year, with output expected to reach 85,000 tonnes in 2024, up 5% year-on-year. Farmers in Lampung Province, Indonesia, have almost completed harvesting. Stockpiles from major investors have declined, but demand from China and Europe is expected to increase later in the year, which could push global pepper prices up in the short term.
