Pepper price today November 23, 2024: Pepper price drops sharply by 2,000 VND/kg
Pepper price today, November 23, 2024, is around 138,000 - 139,000 VND/kg. Pepper price has decreased sharply from 500 to 2,000 VND/kg compared to yesterday. The world pepper market has no fluctuations.
Domestic pepper price on November 23, 2024
Specifically, Dak Lak pepper price was purchased at 139,000 VND/kg, down 1,000 VND/kg compared to yesterday. Chu Se pepper price (Gia Lai) was purchased at 138,500 VND/kg, down 1,000 VND/kg compared to yesterday. Dak Nong pepper price today was recorded at 139,000 VND/kg.
In the Southeast region, pepper prices today decreased sharply from 500 to 2,000 VND/kg compared to yesterday. Specifically, in Ba Ria - Vung Tau, it is currently at 139,000 VND/kg, down 500 VND/kg compared to yesterday; in Binh Phuoc, pepper prices today are at 138,000 VND/kg.
| Province/district (survey area) | Purchase price (Unit: VND/kg) | Change from yesterday (Unit: VND/kg) |
| Dak Lak | 139,000 | -1,000 |
| Gia Lai | 138,500 | -1,000 |
| Dak Nong | 139,000 | -1,200 |
| Ba Ria - Vung Tau | 139,000 | -500 |
| Binh Phuoc | 138,000 | -2,000 |
| Dong Nai | 139,000 | -500 |
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 6,470 USD/ton, and the price of Muntok white pepper at 9,055 USD/ton.
The price of Brazilian ASTA 570 black pepper was at $6,000/ton. The price of Malaysian ASTA black pepper remained stable at $8,400/ton; the price of this country's ASTA white pepper reached $10,500/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 9,400 USD/ton.
From the beginning of the year to November 15, Vietnam exported 234,824 tons of pepper, earning 1.17 billion USD. Compared to the same period last year, the export volume decreased by 3.1%, but the turnover increased by 47.3%, thanks to the average pepper price reaching 5,129 USD/ton, a sharp increase of 52.1%. After 10 years of efforts for sustainable development, the pepper industry is reaping many positive results. Notably, farmers are not planting massively but focusing on increasing productivity through organic methods and raising awareness of market participation.
Currently, pure pepper gardens are gradually decreasing, replaced by intercropping models with coffee and fruit trees, helping to improve soil nutrition and effectively prevent pests. Vietnam maintains its leading position in the world in pepper production and export, with about 200 participating enterprises. Of which, the top 15 enterprises account for 70% of export volume, and 5 foreign-invested enterprises control nearly 30% of market share. The whole industry has 14 deep processing factories, meeting international standards such as ASTA, ESA, JSSA.
Despite the development of processing technology, Vietnamese pepper is still mainly exported in raw form, with a lower value than that of India and Malaysia. To increase export value, businesses need to invest more in deep processing and clean production, diversifying products and markets. The Vietnam Pepper Association (VPSA) recommends focusing on improving product quality from the cultivation stage, aiming to penetrate deeper into the global pepper supply chain.