Pepper price today October 9, 2024: Continue to decrease by 1,000 VND/kg
Pepper price today October 9, 2024 is in the range of 146,000 - 146,500 VND/kg, today's pepper price continues to decrease from 500 to 1,000 VND/kg compared to yesterday.
Domestic pepper price on October 9, 2024
Specifically, Dak Lak pepper price was purchased at 146,500 VND/kg, slightly down 500 VND/kg compared to yesterday. Chu Se pepper price (Gia Lai) was purchased at 146,000 VND/kg, unchanged from yesterday. Dak Nong pepper price today was recorded at 146,000 VND/kg.
In the Southeast region, pepper prices today decreased slightly from 500 to 1,000 VND/kg compared to yesterday. Specifically, in Ba Ria - Vung Tau, it is currently at 146,000 VND/kg, down 500 VND/kg compared to last week; in Binh Phuoc, pepper prices today are at 146,000 VND/kg.
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change from yesterday (Unit: VND/kg) |
| Dak Lak | 146,500 | -500 |
| Gia Lai | 146,000 | - |
| Dak Nong | 146,000 | -1,000 |
| Ba Ria - Vung Tau | 146,000 | -500 |
| Binh Phuoc | 146,000 | -1,000 |
| Dong Nai | 146,000 | -500 |
The domestic pepper market is quiet with little trading due to limited supply and farmers holding back their stocks. Agents are selling pepper to raise capital for the upcoming coffee season, causing pepper prices to drop slightly due to lack of demand.
In addition, the pepper market was also affected by the week-long National Day holiday in China, along with the increase in the value of the USD due to tensions in the Middle East.
It is predicted that next week, pepper prices will not exceed VND150,000/kg due to high gold and USD prices, along with preparations for the new coffee harvest.
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 6,702 USD/ton, and the price of Muntok white pepper at 8,961 USD/ton (down 1.18%).
The price of Brazilian ASTA 570 black pepper was at USD 6,850/ton. The price of Malaysian ASTA black pepper remained stable at USD 8,900/ton; the price of this country's ASTA white pepper reached USD 11,400/ton.
Vietnamese black pepper prices today are stable at a high level, trading at 6,800 USD/ton for 500 g/l; 550 g/l at 7,100 USD/ton; white pepper prices at 10,150 USD/ton.
The international pepper market showed notable fluctuations in the first week of October. Pepper prices in India declined both domestically and for export. The appreciation of the Sri Lankan Rupee against the US dollar led to an increase in domestic pepper prices in the country.
The depreciation of the Indonesian Rupiah against the USD has also caused the domestic and international prices of Indonesian pepper to decrease. Malaysia has maintained stable domestic pepper prices, while export prices have tended to increase.
Prices for black pepper from Brazil and Cambodia remain stable. Pepper cultivation area in Cambodia increased significantly from 2014 to 2023, with an increase of 3,025 hectares. Pepper area in Cambodia is expected to remain stable and unchanged at 5,725 hectares in 2024.
