Pepper price today September 6, 2024: Sharp decrease of 3,000 VND/kg
Pepper price today, September 6, 2024, is around 149,500-150,000 VND/kg, pepper price has turned to decrease sharply from 2,500 to 3,000 VND/kg in the Central Highlands provinces.
Domestic pepper price on September 6, 2024
Specifically, Dak Lak pepper price was purchased at 150,000 VND/kg, a sharp decrease of 3,000 VND/kg compared to yesterday. Chu Se pepper price (Gia Lai) was purchased at 149,500 VND/kg, a decrease of 2,500 VND/kg compared to yesterday. Dak Nong pepper price today was recorded at 150,000 VND/kg.
In the Southeast region, pepper prices today have dropped sharply from 2,500 to 3,000 VND/kg compared to yesterday. Specifically, in Ba Ria - Vung Tau, it is currently at 150,000 VND/kg, down 2,500 VND/kg compared to yesterday; in Binh Phuoc, pepper prices today are at 150,000 VND/kg, down 3,000 VND/kg compared to yesterday.
Domestic pepper price list September 6, 2024
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change from last week (Unit: VND/kg) |
| Dak Lak | 150,000 | -3,000 |
| Gia Lai | 149,500 | -2,500 |
| Dak Nong | 150,000 | -3,000 |
| Ba Ria - Vung Tau | 150,000 | -2,500 |
| Binh Phuoc | 150,000 | -3,000 |
| Dong Nai | 150,000 | -2,500 |
Today, the average pepper price is at 149,900 VND/kg, down sharply by 3,000 VND/kg compared to yesterday, with the highest price at 150,000 VND/kg.
A representative of the Vietnam Pepper and Spice Association (VPSA) said that pepper prices fluctuated strongly in a short period of time, causing large export enterprises to be surprised and more cautious in buying and selling.
It is possible that businesses are short of goods for export, so they increase their purchases in a short period of time, causing prices to increase dramatically, especially as demand in the Chinese market increased last week. Meanwhile, the large amount of pepper that businesses and speculators smuggled into the market when prices peaked could be one of the reasons for the shocking price drop.
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 7,521 USD/ton (up 0.44%), and the price of Muntok white pepper at 8,855 USD/ton (up 0.29%).
The price of Brazilian ASTA 570 black pepper was at USD 7,500/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 10,400/ton.
Vietnam's black pepper prices are stable at a high level, trading at 6,600 USD/ton for 500 g/l; 7,000 USD/ton for 550 g/l; and 9,300 USD/ton for white pepper.
In the first eight months of this year, Vietnam is estimated to have exported about 185,000 tonnes of pepper. The total export value reached US$891 million, up 44.9% over the same period last year, although the volume decreased slightly by 1.4%.
The average selling price of pepper in the first eight months was $4,810 per ton, up 47% from the previous year. Vietnam exported all 170,000 tons of pepper harvested in the most recent season.
Experts predict that the shortage of supply compared to demand will likely continue to be a market trend in the coming time.
