Pepper price today December 7, 2024: Continue to increase strongly
Pepper prices today, December 7, 2024, in the domestic market continued to increase sharply from 1,000 to 2,000 VND/kg. In the world, Indonesian pepper prices increased slightly, while Malaysian pepper prices decreased sharply.
Domestic pepper price on December 7, 2024
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change from yesterday (Unit: VND/kg) |
|---|---|---|
| Gia Lai | 145,000 | +2,000 |
| Ba Ria - Vung Tau | 144,000 | +1,000 |
| Dak Lak | 145,000 | +1,000 |
| Binh Phuoc | 144,000 | +1,000 |
| Dak Nong | 145,200 | +1,200 |
Pepper prices today in some key growing areas increased again compared to yesterday. Thereby, maintaining the domestic pepper price level at 144,000 VND/kg to 145,200 VND/kg.
In the Central Highlands region, pepper price today in Dak Lak increased by 1,000 VND/kg compared to yesterday, reaching 145,000 VND/kg.
Pepper price today in Gia Lai increased by 2,000 VND/kg compared to yesterday, currently at 145,000 VND/kg.
Pepper price today in Dak Nong increased by 1,200 VND/kg compared to yesterday at 145,200 VND/kg.
In the Southeast region, pepper price today in Ba Ria - Vung Tau is currently at 144,000 VND/kg, an increase of 1,000 VND/kg compared to yesterday. Dong Nai also increased by 1,000 VND/kg compared to yesterday at 144,000/kg.
In addition, pepper price today in Binh Phuoc increased by 1,000 VND/kg compared to yesterday, currently at 144,000 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.
Currently, the area of pepper and spice cultivation in Vietnam has exceeded 115,000 hectares, mainly concentrated in the South Central Coast and Central Highlands regions with more than 75,300 hectares. These are areas with favorable natural conditions, helping pepper plants grow strongly.
In the first 11 months of 2024, Vietnam exported 235 thousand tons of pepper, bringing in more than 1.22 billion USD. It is expected that in December, pepper exports will reach over 20,000 tons, bringing the total pepper export turnover for the year to nearly 1.4 billion USD. This is a record high ever, thanks to the growth in pepper value in recent years, currently pepper prices are double that of previous years.
Towards 2025, the pepper and spice industry will continue to support farmers, cooperatives and businesses to improve product quality and meet international food safety standards. This is part of a long-term strategy to increase product value, expand markets and enhance the position of Vietnamese pepper in the international arena.
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 6,684 USD/ton (up 0.4%), and the price of Muntok white pepper at 9,123 USD/ton (up 0.41%).
The price of Brazilian ASTA 570 black pepper was at 6,225 USD/ton. The price of Malaysian ASTA black pepper was at 8,200 USD/ton (down 1.22%); the price of this country's ASTA white pepper was at 10,400 USD/ton (down 1.22%).
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 prices at 9,300 USD/ton.
