Pepper price today October 26, 2024: Sharp decrease of 1,200 VND/kg in Gia Lai
Pepper price list today October 26, 2024, domestic pepper price dropped sharply to 1,200 VND/kg in Gia Lai. Currently, domestic pepper price in key regions is in the range of 145,500 - 147,000 VND/kg.
Domestic pepper price today October 26
Domestic pepper price market today October 26, pepper price decreased sharply from 200 - 1,200 VND/kg compared to the same time yesterday. Domestic pepper price was updated at 4:00 a.m. on October 26, 2024, the current average is around 145,700 VND/kg, in the range of 144,500 - 146,500 VND/kg. The highest purchase price in Dak Nong province is 146,500 VND/kg
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change from yesterday (Unit: VND/kg) |
| Dak Lak | 146,500 | -200 |
| Gia Lai | 144,500 | -1,200 |
| Dak Nong | 146,500 | -500 |
| Ba Ria - Vung Tau | 146,000 | - |
| Binh Phuoc | 145,000 | -500 |
| Dong Nai | 146,000 | - |
Accordingly, in Dak Lak province, pepper price today is purchased at 146,500 VND/kg. Decreased 200 VND/kg compared to the same time yesterday.
In Dak Nong province, pepper price today is purchased at 146,500 VND/kg. Decreased 500 VND/kg compared to the same time yesterday.
In Gia Lai province, pepper price today is at 144,500 VND/kg. Decreased 1,200 VND/kg compared to the same time yesterday.
Meanwhile in Dong Nai, pepper price today is at 146,000 VND/kg. Stable compared to the same time yesterday.
In Ba Ria - Vung Tau province, pepper price today is at 146,000 VND/kg. Stable compared to the same time yesterday.
In Binh Phuoc province, pepper price today is purchased at 145,000 VND/kg. Decreased 500 VND/kg compared to the same time yesterday.
According to statistics from the Department of Agriculture and Rural Development of Ba Ria - Vung Tau, the pepper growing area of the province is currently about 10,500 hectares. Although pepper prices have started to increase since the 2023 crop year, people have focused on investing and caring for pepper plants, but the output is still expected to decrease significantly compared to last year due to the impact of unfavorable weather.
Local pepper growers are actively tending their plants in preparation for the new harvest. Given the fluctuations in the pepper market, the local agricultural sector has advised farmers to focus on healthy pepper gardens to maintain stable production. For areas of infected or dead pepper, farmers should avoid replanting and instead switch to other suitable crops.
In addition, growers need to closely monitor market developments to adjust their investment levels appropriately. They also need to increase care and pest control so that pepper plants can grow sustainably in the following crops. In addition, participating in the chain with businesses helps people produce clean, high-quality pepper products, meeting the requirements of demanding markets and increasing the value of Ba Ria - Vung Tau pepper.
World pepper price today October 26
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 6,724 USD/ton (down 0.22%), and the price of Muntok white pepper at 9,205 USD/ton (down 0.23%).
The price of Brazilian ASTA 570 black pepper was at USD 6,400/ton. The price of Malaysian ASTA black pepper remained stable at USD 8,700/ton; the price of this country's ASTA white pepper reached USD 11,200/ton.
Vietnamese black pepper prices are stable today, trading at 6,500 USD/ton for 500 g/l; 550 g/l at 6,800 USD/ton; white pepper prices at 9,500 USD/ton.
By the end of the third quarter, pepper exports from Vietnam and Brazil – the world’s two leading pepper producing countries – recorded a year-on-year decline. In contrast, pepper exports from Indonesia and India increased sharply, indicating a change in the distribution of supply in the international market.
In the third quarter, black pepper export prices in Malaysia and Vietnam increased significantly from 18 to 22.4%. In contrast, black pepper prices in Brazil and Indonesia decreased by 7.5% and 2.2% respectively due to supply from the new harvest, while global demand did not increase significantly. In October, black pepper prices in Indonesia and Brazil continued to decrease, affecting other producers in the market.
In Vietnam, domestic black pepper prices fell 3-6% in the third quarter and another 2-4% in the first 20 days of October, down to VND143,000-144,500/kg. The reason is that agricultural companies, agents and intermediaries are actively selling to raise capital to invest in coffee - an agricultural product in the harvest season. However, low domestic inventories still help pepper prices remain high, nearly 80% higher than at the beginning of the year and double the same period last year.