Pepper price today December 5, 2024: Pepper price plummets back to 140,000 VND/kg
Pepper price today December 5, 2024 is around 140,000 - 141,000 VND/kg. Pepper price continues to plummet following coffee price, down from 500 to 2,000 VND/kg.
Domestic pepper price on December 5, 2024
Specifically, Dak Lak pepper price was purchased at 141,000 VND/kg, down 1,000 VND/kg. Chu Se pepper price (Gia Lai) was purchased at 140,000 VND/kg, down 500 VND/kg compared to yesterday. Dak Nong pepper price today was recorded at 141,000 VND/kg.
In the Southeast region, pepper prices today decreased sharply from 1,000 to 2,000 VND/kg compared to yesterday. Specifically, in Ba Ria - Vung Tau, it is currently at 141,000 VND/kg, down 1,000 VND/kg; in Binh Phuoc, pepper prices today are at 140,000 VND/kg.
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change from yesterday (Unit: VND/kg) |
|---|---|---|
| Gia Lai | 140,000 | -500 |
| Ba Ria - Vung Tau | 141,000 | -1,000 |
| Dak Lak | 141,000 | -1,000 |
| Binh Phuoc | 140,000 | -2,000 |
| Dak Nong | 141,000 | -1,500 |
According to the Vietnam Industry and Trade Information Center (VITIC) under the Ministry of Industry and Trade, pepper inventories in 2024 are forecast to be at their lowest level in the past 6-8 years.
The pepper industry still faces challenges from climate change, which is expected to delay the 2025 harvest. The delay could last for about 1.5-2 months, leading to a supply shortage in the first months of the year. This puts great pressure on the global pepper market, especially when demand remains high in many major importing countries.
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 6,660 USD/ton (down 0.29%), and the price of Muntok white pepper at 9,090 USD/ton (down 0.28%).
The price of Brazilian ASTA 570 black pepper is at USD 6,150/ton. The price of Malaysian ASTA black pepper is at USD 8,300/ton; the price of this country's ASTA white pepper is at 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.
The pepper market is also strongly affected by the European Union Deforestation Regulation (EUDR). This regulation not only creates instability in the market but also causes sudden fluctuations in pepper prices.
Instability in prices and supply could continue to negatively affect farmers and other links in the supply chain, posing major challenges in the coming time.
