Pepper price today September 7, 2024: Strong increase again, unpredictable fluctuations
Pepper price today September 7, 2024 is around 153,000-154,000 VND/kg, pepper price increased sharply from 3,500 to 4,000 VND/kg in the Central Highlands provinces.
Domestic pepper price on September 7, 2024
Specifically, Dak Lak pepper price was purchased at 154,000 VND/kg, a sharp increase of 4,000 VND/kg compared to yesterday. Chu Se pepper price (Gia Lai) was purchased at 153,000 VND/kg, an increase of 3,500 VND/kg compared to yesterday. Dak Nong pepper price today was recorded at 154,000 VND/kg.
In the Southeast region, pepper prices today increased sharply from 3,000 to 4,000 VND/kg compared to yesterday. Specifically, in Ba Ria - Vung Tau, it is currently at 154,000 VND/kg, an increase of 4,000 VND/kg compared to yesterday; in Binh Phuoc, pepper prices today are at 153,000 VND/kg, a sharp increase of 3,000 VND/kg compared to yesterday.
Domestic pepper price list September 7, 2024
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change from last week (Unit: VND/kg) |
| Dak Lak | 154,000 | +4,000 |
| Gia Lai | 153,000 | +3,500 |
| Dak Nong | 154,000 | +4,000 |
| Ba Ria - Vung Tau | 154,000 | +4,000 |
| Binh Phuoc | 153,000 | +3,000 |
| Dong Nai | 154,000 | +4,000 |
Competition from other crops such as durian and coffee, along with the consequences of climate change, are making pepper prices unstable, the Vietnam Pepper Association (VPSA) said. Pepper output in the upcoming crop is expected to be equal to or slightly higher than that of 2024.
Mr. Hoang Phuoc Binh, Vice President of Chu Se Pepper Association, expressed his opinion that there is a lot of conflicting information about pepper production, with some predicting a decrease and others predicting an increase.
Some growers reported that they had no pepper harvest in the new season, while others expected a bumper crop. Mr. Binh predicted that pepper prices would likely continue to rise in the next four years due to lack of supply.
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 7,578 USD/ton (up 0.75%), and the price of Muntok white pepper at 8,923 USD/ton (up 0.77%).
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 8,800/ton (up 3.53%); the price of this country's ASTA white pepper reached USD 10,900/ton (up 4.81%).
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.
The fluctuation of pepper prices in Vietnam poses risks to both sellers and buyers.
Farmers may benefit from rising pepper prices, but hoarding the commodity in the hope of even higher prices could lead to losses if buyers source from other countries.
The sudden increase in Pepper prices has raised concerns about the unclear factors behind the change, as the market is not the main cause.
