Pepper prices on 10/10/2024: Sharp increase of up to VND 2,000

Pepper prices on October 10 globally

Globally, pepper prices on October 10 remain stable.

According to the latest data, black pepper from Lampung, Indonesia, is priced at $ 6,706/ton, while white pepper from Muntok is holding at $ 8,966/ton.

In Malaysia, Kuching ASTA black pepper is priced at $ 8,900/ton, and ASTA white pepper is at $ 11,400/ton.

For Brazil, ASTA 570 black pepper is trading at $ 6,750/ton.

In Vietnam, black pepper for export (500 g/l) is trading at $ 6,800/ton, while the 550 g/l type is priced at $ 7,100/ton. White pepper for export remains at $ 10,150/ton.

Thus, global pepper prices on 10/10/2024 remained unchanged compared to the previous day.

Pepper prices on October 10 domestically

Domestically, pepper prices on October 10 saw a strong increase compared to yesterday.

Specifically, Dak Lak is buying pepper at VND 148,000/kg, up by VND 1,500;

Pepper prices in Dak Nong today increased by VND 2,000, reaching VND 148,000/kg;

Similarly, pepper prices in Gia Lai today dropped to VND 146,000/kg;

Traders in Dong Nai continue to buy pepper at VND 146,000/kg;

Pepper prices in Ba Ria - Vung Tau today increased by VND 1,500, reaching VND 147,500/kg;

Meanwhile, traders in Binh Phuoc are still trading pepper at VND 146,000/kg.

Domestic pepper prices today increased by VND 1,500 - 2,000, pushing this agricultural product to reach VND 148,000/kg.

In September 2024, Vietnam imported 2,430 tons of pepper, including 2,233 tons of black pepper and 197 tons of white pepper, with a total import value of $ 13.6 million. Compared to August, the import volume increased by 63%.

As of September 30, 2024, Vietnam had imported 23,778 tons of pepper, including 20,890 tons of black pepper and 2,888 tons of white pepper. The total import value of pepper reached $ 102.0 million, representing a 15.8% increase compared to the same period in 2023.

Thus, domestic pepper prices on 10/10/2024, are trading around VND 146,000 - 148,000/kg.

$ 1 = VND 24.640 - Source: Vietcombank.