Dak Nong has the highest purchase price, 140,000 VND/kg

Update pepper price today November 18, 2024, the market is sideways, Dak Nong buys the highest, at 140,000 VND/kg; what is the latest pepper price on November 18, 2024?

Domestic pepper price today

Pepper price today, November 18, 2024, domestic purchasing situation is stable, Gia Lai, Ba Ria - Vung Tau , Binh Phuoc at 139,000 VND/kg; Dak Lak 139,500 VND/kg; the highest is in Dak Nong at 140,000 VND/kg. Thus, the average domestic pepper price today is at 139,300 VND/kg, in general, the price in the past week still decreased by 500 - 1,500 VND/kg compared to the previous week.

Specifically, compared to last week, pepper prices in Dak Lak still decreased by VND 1,500/kg; Gia Lai decreased by VND 1,000, Dak Nong decreased by VND 1,200/kg, Ba Ria Vung Tau decreased by VND 1,000/kg, Binh Phuoc decreased by VND 500/kg.

Pepper price today 11/18/2024

According to experts, Vietnam is about to enter the harvest season with an estimated output of around 170,000 tons, accounting for about 35-40% of the global supply. Therefore, the world pepper price may still fluctuate.

Meanwhile, in Indonesia, the harvest is still ongoing in southern Sumatra. This year's production is estimated to be good thanks to scattered rains in the early stages. Meanwhile, in Bengkulu and South Sumatra, harvesting is underway in most areas. Farmers have also started to stockpile after selling large quantities earlier.

After Indonesia's most recent harvest, until February 2025, the world's pepper supply has not been significantly supplemented, contributing to supporting Vietnam's new harvest.

World pepper price today

Update on world pepper prices from the International Pepper Association (IPC), at the end of the most recent trading session, IPC listed the price of Indonesian Lampung black pepper at 6,470 USD/ton, down 0.09%, and the price of Muntok white pepper at 9,055 USD/ton, down 0.09%.

The price of Brazilian ASTA 570 black pepper is at 6,000 USD/ton. The price of Malaysian ASTA black pepper is at 8,400 USD/ton; the price of this country's ASTA white pepper is at 10,500 USD/ton.

Of which, the price of Vietnamese black pepper is stable at 6,200 USD/ton for 500 g/l, 550 g/l remains at 6,500 USD/ton; the price of white pepper is at 9,400 USD/ton, unchanged.

The pepper market last week continued to witness trading sessions with prices falling and recovering alternately. Pepper prices are under pressure from business cash flow shifting to coffee and the strengthening of the US dollar. However, limited pepper supply in the context of the harvest season still a few months away has contributed to keeping pepper prices high.

The International Pepper Community commented that the pepper market this week had mixed fluctuations. While domestic black pepper prices in Sri Lanka increased, domestic and international pepper prices in India decreased.

According to Harris Spice, pepper prices have eased slightly since the beginning of the month. Buyers remain cautious, awaiting further clarity on production in Vietnam and Brazil for the coming crop year.