July 11, 2025 | 03:12 GMT +7
July 11, 2025 | 03:12 GMT +7
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Latest domestic and global pepper prices update on 10/16/2024
Globally, pepper prices on October 16 show no new fluctuations.
The price of black pepper from Lampung, Indonesia remains at $ 6,744/ton. Meanwhile, the price of white pepper from Muntok, Indonesia stays at $ 9,233/ton.
Black pepper from Kuching ASTA in Malaysia is priced at $ 8,700/ton, while the white pepper ASTA from this country is trading at $ 11,200/ton.
In Brazil, black pepper ASTA 570 is being traded at $ 6,750/ton.
In Vietnam, the export price of black pepper 500 g/l is $ 6,500/ton, and black pepper 550 g/l is priced at $ 6,800/ton. The export price of white pepper is currently at $ 9,850/ton.
Thus, global pepper prices on 10/16/2024, remain flat compared to the previous day.
In the domestic market, pepper prices on October 16 have slightly increased compared to the previous day. Specifically:
Domestic pepper prices today remain stable in Dak Lak and Dak Nong. Meanwhile, other key regions have seen a slight increase of VND 500.
According to some predictions, Vietnam's 2025 pepper harvest will mainly take place in February, with some areas extending into March and April, which is 1-2 months later than in previous years.
The delay is attributed to prolonged drought, causing Vietnam's pepper supply to become increasingly limited.
Additionally, with competition from Indonesia's new pepper crop, it is forecasted that the domestic market will still not show signs of improvement, as China continues to increase its purchases of pepper from Indonesia.
Thus, domestic pepper prices on 10/16/2024, are trading around VND 143,500 - 144,000/kg.
$ 1 = VND VND - Source: Vietcombank.
Translated by Hoang Duy
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