Pepper price on 03/25/2024: Highest price reaching VND 96,000/kg

Pepper prices on March 25 in the world

In the world, the pepper market on March 25 had no new fluctuations in all countries.

Accordingly, the price of Lampung black pepper in Indonesia is anchored at $ 4,305/ton. The price of Muntok white pepper in this country remains at $ 6,219/ton.

Malaysia's Kuching ASTA black pepper price remained stable at $ 4,900/ton; This country's ASTA white pepper is still priced at $ 7,300/ton.

For the Brazilian market, the price of ASTA 570 black pepper remained at $ 4,375/ton.

In Vietnam, export prices of black pepper grades 500 and 550 g/l remained at $ 4,200 and $ 4,300/ton, respectively. The export price of white pepper is anchored at $ 6,000/ton.

World pepper prices today continue to move sideways. Last week, the pepper market continued with mixed reactions with Sri Lankan domestic prices falling. In addition to the increase in domestic and export pepper prices in India, Vietnam's export prices also increased this week.

Thus, world pepper prices on 03/25/2024 were flat compared to yesterday.

Pepper prices on March 25 in the country

Domestically, the pepper market on March 25 remained stable compared to yesterday.

Specifically, Dak Lak and Dak Nong are still trading at VND 96,000/kg;

In Gia Lai, today's pepper price remained unchanged at VND 92,500/kg;

In Dong Nai, traders continue to buy at a price of VND 92,500/kg;

The latest pepper price in Ba Ria - Vung Tau is around VND 95,500/kg;ư

Binh Phuoc traders traded pepper at VND 95,000/kg, with prices moving sideways.

Domestic pepper prices today have no new fluctuations with the highest threshold reaching VND 96,000/kg. Last week, the domestic pepper market increased in Dak Lak and Dak Nong but decreased in Gia Lai, Dong Nai, and Binh Phuoc and went flat in Ba Ria Vung Tau.

VPSA estimates that Vietnam provides about 50% of global pepper output, but due to a sharp decline in area, the country's pepper output in 2024 is likely to be at its lowest level in many years.

This association forecasts that Vietnam's pepper output this year will decrease by 10% to 170,000 tons compared to last year, the lowest level in the last 5 years. Of which, Dak Nong accounts for 41.2%; Dak Lak accounts for 28.2%; Gia Lai accounts for 7.6%; Ba Ria Vung Tau 7.1%... Currently, the country has 100,000 pepper farmers, 200 export enterprises and 35 pepper factories.

According to Dak Nong Provincial Department of Agricultural Development, the whole province has 34,000 ha of pepper, with an output of nearly 70,000 tons. In recent years, pepper farming has had many positive changes, gradually shifting towards organic and ecologically diverse gardens.

The association of pepper production with quality certification and product consumption contracts is also increasingly expanding. By 2023, Dak Nong will have 23 establishments and models applying standards in production, with a scale of over 3,000 ha.

Thus, the domestic pepper price on 03/25/2024 is trading around VND 92,500 - 96,000/kg.