Pepper price today November 6, 2024: Down 1,000 VND/kg in Vung Tau
Pepper price today, November 6, 2024, is in the range of 140,000 - 141,000 VND/kg, maintaining a sideways trend compared to yesterday, only slightly decreasing by 1,000 VND/kg in Vung Tau.
Domestic pepper price on November 6, 2024
Specifically, Dak Lak pepper price was purchased at 141,000 VND/kg, stable compared to yesterday. Chu Se pepper price (Gia Lai) was purchased at 140,000 VND/kg, stable compared to yesterday. Dak Nong pepper price today was recorded at 141,200 VND/kg.
In the Southeast region, pepper prices today are stable compared to yesterday. Specifically, in Ba Ria - Vung Tau, it is currently at 140,000 VND/kg, a slight decrease of 1,000 VND/kg compared to yesterday; 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) |
| Dak Lak | 141,000 | - |
| Gia Lai | 140,000 | - |
| Dak Nong | 141,000 | - |
| Ba Ria - Vung Tau | 140,000 | -1,000 |
| Binh Phuoc | 140,000 | - |
| Dong Nai | 141,000 | - |
In recent weeks, the pressure of pepper selling by dealers has increased as the coffee harvest is underway. Farmers and domestic dealers need a large amount of capital to invest and trade coffee, so they have sold pepper to transfer money to coffee trading. This has led to higher pepper trading volume in the market compared to the first weeks of October, putting pressure on the price of this commodity.
Currently, the prices of agricultural products are still maintained at a high level, which is a positive signal for the export turnover of Dak Lak province in the last months of the year. At this time, the business community is making every effort to complete the goals and plans set for the whole year 2024. However, many export enterprises in the province also shared that, although the export turnover has increased sharply in recent times, they also face many difficulties in the production and business process.
For example, the high price of agricultural products, especially coffee and pepper, has made it difficult for export enterprises to purchase raw materials. Many orders suffered heavy losses when they had to buy at high prices to have goods to deliver to partners.
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 6,671 USD/ton (down 0.18%), and the price of Muntok white pepper at 9,133 USD/ton (down 0.19%).
The price of Brazilian ASTA 570 black pepper was at USD 6,400/ton. The price of Malaysian ASTA black pepper remained stable at USD 8,500/ton; the price of this country's ASTA white pepper reached USD 11,000/ton.
Vietnamese black pepper prices today are stable at a high level, trading at 6,500 USD/ton for 500 g/l; 550 g/l at 6,800 USD/ton; white pepper prices at 9,500 USD/ton.
In its market assessment last week, the International Pepper Community said that after a month of decline, both domestic and export pepper prices from India increased due to Diwali. Sri Lankan pepper prices also increased during the week.
In Southeast Asia, the Indonesian Rupiah depreciated by 1% against the USD (IDR 15,732/USD), causing domestic and export pepper prices in Indonesia to increase. In contrast, domestic and export pepper prices in Malaysia continued to decline due to the Malaysian Ringgit depreciating by 1% against the USD (MYR 4.38/USD).
Vietnam’s white pepper export prices increased, while other types decreased. Brazilian black pepper and Chinese white pepper prices were stable, while Cambodian black pepper prices increased last week.
