Pepper price today October 6, 2024: Slight increase of 500 VND/kg
Pepper price today October 6, 2024 is in the range of 146,500 - 147,500 VND/kg, pepper price turned to increase slightly by 500 VND/kg compared to yesterday.
Domestic pepper price on October 6, 2024
Specifically, Dak Lak pepper price was purchased at 147,500 VND/kg, a slight increase of 500 VND/kg compared to yesterday. Chu Se pepper price (Gia Lai) was purchased at 146,500 VND/kg, a slight increase of 500 VND/kg compared to yesterday. Dak Nong pepper price today was recorded at 147,500 VND/kg.
In the Southeast region, pepper prices today remain unchanged compared to yesterday. Specifically, in Ba Ria - Vung Tau, the price is currently at 147,000 VND/kg, stable 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 | 147,500 | +500 |
| Gia Lai | 146,500 | +500 |
| Dak Nong | 147,500 | +500 |
| Ba Ria - Vung Tau | 147,000 | - |
| Binh Phuoc | 147,000 | - |
| Dong Nai | 147,000 | - |
In September 2024, Vietnam's pepper export price reached a record high of 6,239 USD per ton. During this month, Vietnam exported 20,000 tons of pepper, earning a total of 125 million USD. Compared to the previous year, the export volume increased by 10.4% and the value increased by 84.9%.
The average export price of pepper in September was 6,239 USD per ton, 67.5% higher than the same month last year and the highest price in many years. According to the Import-Export Department under the Ministry of Industry and Trade, pepper prices are likely to remain high in the short term due to scarce supply.
However, with Brazil and Indonesia starting their harvest season and global demand not increasing strongly, pepper prices are expected to increase only slightly in the near future.
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 6,782 USD/ton (down 0.64%), and the price of Muntok white pepper at 9,068 USD/ton (down 1.60%).
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.
Vietnam’s pepper harvest season in 2025 is expected to start in February and last until April, one to two months later than in previous years. Due to this delay, pepper supply may be more difficult.
Stocks from 2023 and imports in 2024 are estimated at around 40,000 to 45,000 tonnes, including unofficial imports. This means that the amount of pepper available for export by the end of the year will be less than in previous years, until the 2025 crop season begins in March 2025.
With just one quarter left to end the year, the pepper industry has reached its export target of $1 billion within nine months, thanks to a surge in prices, helping the industry achieve results earlier than expected.
