Pepper price on 05/27/2023: Increase again to VND 74,000 VND/kg

World pepper price on May 27

Pepper prices today on May 27 in the world market are still decreasing slightly in Indonesia and unchanged in other countries.

Accordingly, the price of Lampung black pepper in Indonesia decreased by 0.03% to $3,592/ton. The price of this country's Muntok white pepper decreased by 0.05%; at $6,109/ton.

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

For the Brazilian market, the price of black pepper ASTA 570 is $2,950/ton.

In Vietnam, the export price of 500 and 550 g/l black pepper is $3,500 and $3,600/ton, respectively. The export price of white pepper is $5,000/ton.

Today's world pepper price is still decreasing slightly in Inodesia but unchanged in other markets.

This week, the world pepper market was mixed when only Indian pepper reported an increase.

Specifically, after a series of declines in the past 5 weeks, Indian pepper prices reacted positively this week.

Meanwhile, pepper prices in Southeast Asia mostly fell. In particular, Vietnam's domestic pepper price has decreased for 4 consecutive sessions.

Thus, today's pepper price on 05/27/2023 in the world market continues to decrease in Indonesia compared to yesterday.

Domestic pepper price on May 27

Pepper price on May 27 in the domestic market increased again compared to yesterday.

Specifically, the price of pepper in Dak Lak and Dak Nong today increased by VND 1,000, to VND 73,000/kg;

Today's pepper price in Gia Lai increased sharply, trading at VND 71,500/kg;

Pepper price today in Dong Nai also increased by VND 1,000, purchased at VND 71,500/kg;

The latest pepper price today in Ba Ria - Vung Tau increased slightly to VND 74,000/kg;

And Binh Phuoc pepper price on May 27 traded at VND 73,500/kg; an increase of VND 1,000/kg.

Domestic pepper price today is increasing slightly by VND 500/kg in Ba Ria Vung Tau, but increased sharply by VND 1,000/kg in other key areas.

It can be seen that, after a series of consecutive days of decreasing prices, the domestic pepper market has increased again and is holding the price mark of VND 74,000/kg.

In the first 21 days of May 2023, Vietnam exported 19,637 tons of pepper, with a turnover of $ 58.1 million.

In the first 4 months of the year, our country exported 103,018 tons of pepper. Pepper exports in May 2023 may be higher than last month, and China is still buying strongly.

Just over the first 5 months of the year, Vietnam has exported more than 120,000 tons of pepper. And if this momentum is maintained, the target of exporting pepper to reach $ 1 billion this year is very feasible.

Thus, today's pepper price on 05/27/2023 in the domestic market is trading around VND 71,500 - 74,000/kg.

$1 = VND 23,290.00 - Source: Vietcombank