Pepper price today December 9, 2024: Domestic price increases, world price fluctuates in opposite directions
Pepper prices today, December 9, 2024, in the domestic market increased from 700 to 2,000 VND/kg compared to last week, fluctuating between 146,000 and 147,200 VND/kg. Meanwhile, world pepper prices fluctuated in opposite directions.
Domestic pepper price on December 9, 2024
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change compared to the beginning of last week (Unit: VND/kg) |
|---|---|---|
| Gia Lai | 146,500 | +1,500 |
| Ba Ria - Vung Tau | 146,000 | +2,000 |
| Dak Lak | 147,000 | - |
| Binh Phuoc | 146,000 | +1,000 |
| Dak Nong | 147,200 | +700 |
Pepper prices in some key growing areas today increased again compared to the beginning of last week. Thereby, the average domestic pepper price is at 146,500 VND/kg.
In the Central Highlands region, pepper prices today in Dak Lak remained unchanged compared to the beginning of last week, reaching 147,000 VND/kg.
Pepper price in Gia Lai today increased by 1,500 VND/kg compared to the beginning of last week, currently at 146,500 VND/kg.
Pepper price today in Dak Nong increased by 700 VND/kg compared to the beginning of last week at 147,200 VND/kg.
In the Southeast region, pepper prices in Ba Ria - Vung Tau today are at 146,000 VND/kg, up 2,000 VND/kg compared to the beginning of last week. Dong Nai also increased 2,000 VND/kg compared to the beginning of last week at 146,000 VND/kg.
In addition, pepper price today in Binh Phuoc increased by 1,000 VND/kg compared to the beginning of last week, 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.
According to the Vietnam Pepper and Spice Association (VPSA), in November, Vietnam imported 4,381 tons of pepper of all kinds, including 3,522 tons of black pepper and 859 tons of white pepper. The total import turnover reached 24.0 million USD, down 9.1% compared to October.
The three largest importers in the month were Olam Vietnam (1,873 tonnes), Harris Spice (678 tonnes) and Tran Chau (357 tonnes). Notably, Olam Vietnam's imports increased sharply, up to 85.1%.
Indonesia continues to be the largest pepper supplier to Vietnam, accounting for 87.6% of total imports, with 3,836 tons in November.
From the beginning of the year to the end of November, Vietnam imported a total of 32,977 tons of pepper of all kinds, of which black pepper reached 28,978 tons and white pepper reached 3,999 tons. The total import turnover reached 155.3 million USD, up 34.7% in volume and 92.6% in value compared to the same period last year.
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 6,703 USD/ton (up 1.1% compared to last week), and the price of Muntok white pepper at 9,148 USD/ton (up 0.1% compared to last week).
The price of Brazilian ASTA 570 black pepper was at USD 6,275/ton (up 2% from last week). The price of Malaysian ASTA black pepper was at USD 8,200/ton (down 2.4% from last week); the price of this country's ASTA white pepper was at USD 10,400/ton (down 1% from last week).
Today, Vietnam's black pepper price is trading at 6,200 USD/ton for 500 g/l; 550 g/l at 6,500 USD/ton; white pepper price at 9,300 USD/ton (down 1.1% compared to last week).
