Pepper prices on December 9, 2024: Steady at VND 147,000/kg

Pepper prices on December 9 globally

Globally, pepper prices showed no new changes on December 9.

Specifically, the price of Lampung black pepper in Indonesia remains at $ 6,703/ton, while the price of Muntok white pepper is unchanged at $ 9,148/ton.

In Malaysia, Kuching ASTA black pepper is priced at $ 8,200/ton, and ASTA white pepper is trading at $ 10,500/ton.

In Brazil, ASTA 570 black pepper is being traded at $ 6,275/ton.

In Vietnam, black pepper for export is priced at $ 6,200/ton for the 500 g/l grade and $ 6,500/ton for the 550 g/l grade. White pepper for export is currently at $ 9,300/ton.

Global pepper prices today remain unchanged. Last week, the pepper market saw mixed fluctuations, with increases in Indonesia and Brazilian black pepper. Meanwhile, Malaysian black pepper and Vietnamese white pepper experienced sharp declines.

Thus, global pepper prices on December 9, 2024, remain steady compared to yesterday.

Pepper prices on December 9 domestically

Domestically, pepper prices on December 9, 2024, remain stable compared to yesterday.

Specifically, Dak Lak continues purchasing pepper at VND 147,000/kg;

Pepper prices in Dak Nong today are steady at VND 147,200/kg;

In Gia Lai, pepper remains priced at VND 146,500/kg;

In Dong Nai, traders are purchasing pepper at VND 146,000/kg;

Pepper prices in Ba Ria - Vung Tau remain steady at VND 146,000/kg;

Meanwhile, traders in Binh Phuoc continue transactions at VND 146,000/kg.

Domestic pepper prices today remain unchanged, with the highest price at VND 147,200/kg. Last week, the domestic pepper market saw a strong increase, rising by VND 700 to VND 2,000.

Many experts believe that pepper is in a new price increase cycle, so pepper exports are expected to remain favorable in the near future. However, Vietnamese pepper is also facing significant challenges.

First, climate change, causing increasingly unpredictable weather, is a major challenge for farmers as it raises costs for irrigation and pest control to increase yield. Climate change also exacerbates pest problems on pepper plants (such as quick wilt disease, nematodes, and leaf wilt diseases).

Additionally, regulations on pesticide residues and environmental standards in major markets have put pressure on the pepper industry to adjust farming methods and production processes.

Thus, domestic pepper prices on December 9, 2024, are trading around VND 146,000 - 147,200/kg.

$ 1 = VND 25.127 - Source: Vietcombank.