Pepper price today December 8, 2024: Increase both domestically and internationally
Pepper prices today, December 8, 2024, in the domestic market continued to increase sharply for the third consecutive day from 1,500 to 2,000 VND/kg. In the world, pepper prices in Indonesia and Brazil increased slightly.
Domestic pepper price on December 8, 2024
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change from yesterday (Unit: VND/kg) |
|---|---|---|
| Gia Lai | 146,500 | +1,500 |
| Ba Ria - Vung Tau | 146,000 | +2,000 |
| Dak Lak | 147,000 | +2,000 |
| Binh Phuoc | 146,000 | +2,000 |
| Dak Nong | 147,200 | +2,000 |
Pepper prices today in some key growing areas increased again compared to yesterday. Thereby, maintaining the average domestic pepper price at 146,500 VND/kg.
In the Central Highlands region, pepper price today in Dak Lak increased by 2,000 VND/kg compared to yesterday, reaching 147,000 VND/kg.
Pepper price today in Gia Lai increased by 1,500 VND/kg compared to yesterday, currently at 146,500 VND/kg.
Pepper price today in Dak Nong increased by 2,000 VND/kg compared to yesterday at 147,200 VND/kg.
In the Southeast region, pepper price today in Ba Ria - Vung Tau is currently at 146,000 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 146,000/kg.
In addition, pepper price today in Binh Phuoc increased by 2,000 VND/kg compared to yesterday, currently at 146,000 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.
Rising pepper prices are encouraging farmers to invest more heavily in cultivation to improve yields per hectare in the coming years. However, the development of new planting areas will take time to be effective.
In the short term, major producing countries such as Vietnam are unlikely to see a significant recovery. However, the forecast for the 2025 crop in Vietnam is quite optimistic, with high yield prospects if the weather continues to be favorable.
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 6,703 USD/ton (up 0.28%), and the price of Muntok white pepper at 9,148 USD/ton (up 0.27%).
The price of Brazilian ASTA 570 black pepper was at USD 6,275/ton (up 0.8%). The price of Malaysian ASTA black pepper was at USD 8,200/ton; the price of this country's ASTA white pepper reached USD 10,400/ton.
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.
According to data from the Vietnam Pepper and Spice Association (VPSA), in November 2024, Vietnam exported 15,948 tons of pepper of all kinds, down 13.8% compared to October and down 21.4% compared to the same period in 2023.
Despite the decrease in export volume, the average export price of pepper increased. Specifically, the price of black pepper reached 6,513 USD/ton, an increase of 229 USD compared to the previous month, while that of white pepper reached 8,286 USD/ton, an increase of 57 USD.
