Pepper price today August 17, 2024: Continue to decrease sharply by 2,500 VND/kg
Pepper price today August 17, 2024 is in the range of 136,000-137,000 VND/kg, continuing to decrease sharply from 2,000 to 2,500 VND compared to yesterday, the highest purchase price in Dak Lak is 137,000 VND/kg.
Domestic pepper price on August 17, 2024
Specifically, Dak Lak pepper price was purchased at 137,000 VND/kg, down 2,000 VND compared to yesterday. Chu Se pepper price (Gia Lai) was purchased at 136,500 VND/kg, down 2,500 VND compared to yesterday. Dak Nong pepper price today was recorded at 136,500 VND/kg, down 2,500 VND/kg compared to yesterday.
In the Southeast region, pepper prices today have dropped sharply by VND2,500/kg compared to yesterday. Specifically, in Ba Ria - Vung Tau, it is currently at VND136,000/kg, down VND2,500/kg compared to yesterday; in Binh Phuoc, pepper prices today are at VND136,000/kg, down VND2,500/kg compared to yesterday.
Thus, pepper prices today, August 17, decreased sharply from 2,000 to 2,500 VND/kg in some localities in key growing areas, recording the highest price of 137,000 VND, fluctuating in the price range of 136,000 - 137,000 VND/kg.
Domestic pepper price list on August 17, 2024
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change from last week (Unit: VND/kg) |
| Dak Lak | 137,000 | -2,000 |
| Gia Lai | 136,500 | -2,500 |
| Dak Nong | 136,500 | -2,500 |
| Ba Ria - Vung Tau | 136,000 | -2,500 |
| Binh Phuoc | 136,000 | -2,500 |
| Dong Nai | 136,000 | -2,500 |
In recent days, domestic pepper prices have continuously increased and decreased sharply, causing many difficulties for import-export businesses. The high pepper prices and limited supply require businesses to have flexible business strategies to adapt to the market situation.
The Vietnam Pepper and Spice Association recommends that businesses need to regularly update market information, adjust prices reasonably and diversify products to minimize risks.
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 7,426 USD/ton (up 0.02%), and the price of Muntok white pepper at 8,744 USD/ton (up 0.03%).
The price of Brazilian ASTA 570 black pepper was stable at USD 6,175/ton. The price of Malaysian ASTA black pepper remained stable at USD 8,500/ton; the price of this country's ASTA white pepper reached USD 10,400/ton.
Vietnam's black pepper price remains at a high level of 5,800 USD/ton for 500 g/l; 550 g/l at 6,200 USD/ton; white pepper price at 8,500 USD/ton.