July 9, 2025 | 19:59 GMT +7
July 9, 2025 | 19:59 GMT +7
Hotline: 0913.378.918
Update on domestic and global pepper prices on 09/18/2024
Globally, pepper prices on September 18 continue a slight upward trend in Indonesia.
Accordingly, the price of black pepper Lampung in Indonesia increased by 0.43%, reaching $ 7,595/ton. Meanwhile, white pepper Muntok from the same country rose by 0.44%, priced at $ 9,161/ton.
The price of black pepper Kuching ASTA from Malaysia stands at $ 8,800/ton, while white pepper ASTA from the same country is priced at $ 10,900/ton.
In Brazil, the price of black pepper ASTA 570 trades at $ 7,000/ton.
In Vietnam, the price of black pepper for export, 500 g/l type, is trading at $ 7,100/ton, while the 550 g/l type is priced at $ 7,225/ton. The price of white pepper for export remains at $ 10,150/ton.
Global pepper prices today rose slightly in Indonesia but remained steady in other countries.
Thus, global pepper prices on 09/18/2024, showed a slight increase in Indonesia compared to yesterday.
In the domestic market, pepper prices on September 18 continued to decline compared to the previous day.
Specifically, Dak Lak is still purchasing pepper at VND 155,000/kg.
In Dak Nong, pepper prices remained steady at VND 155,000/kg.
In Gia Lai, pepper is trading at VND 153,000/kg, down by VND 1,000.
In Dong Nai, traders are buying pepper at VND 152,000/kg, a decrease of VND 2,000.
In Ba Ria - Vung Tau, pepper prices dropped by VND 3,000, now standing at VND 152,000/kg.
In Binh Phuoc, pepper continues to be traded at VND 152,000/kg.
Domestic pepper prices today decreased by VND 1,000 - 3,000. Yet, the highest price remains at VND 155,000/kg.
The domestic pepper market is experiencing a downward adjustment due to reduced demand from markets such as the US, EU, and Asia. Meanwhile, China continues to purchase, albeit in small quantities.
According to Mr Le Duc Huy, General Director of Simexco Dak Lak, Vietnam's remaining pepper stock is about 30%, equivalent to 50,000 - 55,000 tons.
However, in the first half of this year, Vietnam's traditional export markets have already imported large quantities of pepper, meaning they are not in a hurry to buy more and are waiting.
Therefore, he believes that while the supply shortage persists, pepper prices are unlikely to experience a sharp increase as they did earlier in the year.
"The possibility of prices remaining at this level is high. Farmers still hope for a price spike, but in my opinion, that is unlikely", Mr Huy stated.
Thus, domestic pepper prices on 09/18/2024, are trading around VND 152,000 - 155,000/kg.
$ 1 = VND 24.470 - Source: Vietcombank.
Translated by Hoang Duy
(VAN) The average price was down 129 yen from the previous week and below 3,700 yen for the first time in 21 weeks. It dropped by over 100 yen for the third successive week.
(VAN) Global cereal production set to reach an all-time high, although hot and dry weather could impact yields.
(VAN) Coffee prices on July 3, 2025, declined globally, with Robusta dropping by 1.4%. Domestic prices fell by VND 900, trading at VND 94,300 – VND 94,800/kg.
'Rice prices keep rising while market activity stays sluggish, and many people are struggling to put food on the table,' a source in Ryanggang province told Daily NK.
(VAN) Japanese consumers have made a sharp shift away from high-priced rice to noodles and other cost-effective staples, the start of a possible sea-change in diets in the country, retailers and industry experts say.
(VAN) Global prices of key fertilizer ingredient urea have surged alongside escalating violence in the Middle East, which threatens to choke supplies of the crop nutrient from a significant producing and exporting region.
(VAN) Coffee prices on June 27, 2025, have rebounded globally. Domestic prices rose by VND 3,000, climbing to around VND 93,500 – VND 93,800/kg.