Pepper price today December 6, 2024: Pepper price increased sharply to 3,000 VND/kg
Pepper prices today, December 6, 2024, in the domestic market increased again by 2,000 to 3,000 VND/kg. In the world, the price of white pepper in Vietnam was also adjusted down, while Indonesian black pepper increased.
Domestic pepper price on December 6, 2024
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change from yesterday (Unit: VND/kg) |
|---|---|---|
| Gia Lai | 143,000 | +3,000 |
| Ba Ria - Vung Tau | 143,000 | +2,000 |
| Dak Lak | 144,000 | +3,000 |
| Binh Phuoc | 143,000 | +3,000 |
| Dak Nong | 144,000 | +3,000 |
Pepper prices today in some key growing areas increased again compared to yesterday. Thereby, maintaining the domestic pepper price level at 143,000 VND/kg to 144,000 VND/kg.
In the Central Highlands region, pepper price today in Dak Lak increased by 3,000 VND/kg compared to yesterday, reaching 144,000 VND/kg.
Pepper price in Gia Lai today increased by 3,000 VND/kg compared to yesterday, currently at 143,000 VND/kg.
Pepper price today in Dak Nong increased by 3,000 VND/kg compared to yesterday at 144,000 VND/kg.
In the Southeast region, pepper price today in Ba Ria - Vung Tau is currently at 143,000 VND/kg, an increase of 2,000 VND/kg compared to yesterday. Dong Nai also increased by 2,000 VND/kg compared to yesterday at 143,000 VND/kg.
In addition, pepper price today in Binh Phuoc increased by 3,000 VND/kg compared to yesterday, currently at 143,000 VND/kg.
Note: The above prices are for reference only, the actual price will vary depending on the locality, shipping method, payment method, transaction volume, etc. Readers please contact the nearest pepper businesses and agents for specific advice.
The pepper industry is currently entering a price increase cycle due to tight supply, with the volume of goods concentrated mainly in the hands of a few agents and import-export enterprises. This scarcity of supply could cause strong market fluctuations in the coming time.
The 2025 harvest is forecast to be delayed by about 1.5 to 2 months due to the impact of climate change, starting late in February 2025. This increases supply pressure in the context of high demand.
However, farmers are advised not to sell pepper early or borrow money to store pepper, to avoid risks from price fluctuations. Instead, they need to balance their finances to store goods and wait for higher prices at the end of 2025.
In Dak Nong, many farmers have pioneered the application of organic farming models to contribute to environmental protection and improve the quality of agricultural products.
These efforts are not only aimed at achieving Net-Zero goals, but also help build a more sustainable agriculture that meets international environmental and food safety standards.
The development of value-added agricultural products in Dak Nong not only brings higher income to farmers but also contributes to enhancing the position of the Vietnamese pepper brand in the international market. This is a strategic step to combine environmental protection and sustainable economic development.
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 (up 0.05%), and the price of Muntok white pepper at 9,090 USD/ton (up 0.04%).
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.
Vietnam's black pepper price 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 9,300 USD/ton (down 1.06%).
