All prices increased by 500 VND/kg after the holiday

Update the latest pepper price today May 4, 2023 online. Pepper price today increased by 500 VND/kg in localities, officially reaching 70,000 VND/kg.

Pepper price today, May 4, is around 67,500 - 70,000 VND/kg. The market shows signs of improvement right after the April 30 - May 1 holiday.

1. Pepper price today 5/4/2023 in the country

Pepper price today increased by 500 VND/kg compared to the same time yesterday . The official market reached 70,000 VND/kg. Commenting on the market, experts said the increase was due to Vietnam continuing to export large quantities in April 2023 (forecast 30,000 tons), bringing the total export volume in 4 months to approximately 107,000 tons, 25-30,000 tons higher than the same period in 2022. With the output of the last harvest forecast at just over 200,000 tons, while exporting up to 107,000 tons within 4 months, it can be seen that the selling pressure from farmers and agents will not be much when there are still 8-9 months left until the 2024 harvest. Although pepper prices increased in the past harvest, profits are still not really attractive to farmers when costs such as fertilizer, harvesting labor, etc. all increased. Notably, after the harvest, the weather in Vietnam It has become hot, especially in key pepper growing areas of the country such as Dak Lak , Dak Nong, Dong Nai, Ba Ria Vung Tau... causing pepper gardens to be affected. Domestic pepper price

2. World pepper price

According to the update from the International Pepper Community (IPC) on May 4 (local time), world pepper prices compared to May 3 are as follows:

• Lampung black pepper price (Indonesia) : At 3,498 USD/ton, down 0.03%
• Brazilian black pepper price ASTA 570 : At 2,950 USD/ton, unchanged
• Kuching (Malaysia) black pepper price ASTA : At 4,900 USD/ton, unchanged
• Muntok white pepper price : At 6,062 USD/ton, down 0.03%
• Malaysian ASTA white pepper price : At 7,300 USD/ton, unchanged

World pepper price

Source: https://baodaknong.vn/gia-tieu-hom-nay-4-5-2023-dong-loat-tang-500-dong-kg-sau-ky-nghi-le-147223.html