Pepper price today October 10, 2024: Turning around to increase strongly

Domestic pepper price on October 10, 2024

Specifically, Dak Lak pepper price was purchased at 148,000 VND/kg, a sharp increase of 1,500 VND/kg compared to yesterday. Chu Se pepper price (Gia Lai) was purchased at 146,000 VND/kg, unchanged from yesterday. Dak Nong pepper price today was recorded at 148,000 VND/kg.

In the Southeast region, pepper prices today increased sharply by 1,500 VND/kg compared to yesterday. Specifically, in Ba Ria - Vung Tau, it is currently at 147,500 VND/kg, an increase of 1,500 VND/kg compared to yesterday; in Binh Phuoc, pepper prices today are at 146,000 VND/kg.

Province/district (survey area)	Purchase price (Unit: VND/kg)	Change from yesterday (Unit: VND/kg)
Dak Lak	148,000	+1,500
Gia Lai	146,000	-
Dak Nong	148,000	+2,000
Ba Ria - Vung Tau	147,500	+1,500
Binh Phuoc	146,000	-
Dong Nai	147,500	+1,500

According to the Vietnam Pepper and Spices Association, by the end of September 2024, Vietnam exported 200,894 tons of pepper, including 177,953 tons of black pepper and 22,941 tons of white pepper. The total export value of pepper reached 991 million USD, of which black pepper accounted for 781.9 million USD and white pepper was 142.1 million USD.

Data from VPSA shows that pepper export value is lower than the General Department of Customs' report at the beginning of the month, causing the total turnover to not reach 1 billion USD after 9 months.

Although there is a slight difference between the two reports, both indicate that pepper exports are still slow and the Chinese market has yet to recover.

World pepper price today

Update on world pepper prices from the International Pepper Community (IPC), at the end of the most recent trading session, IPC listed the price of Indonesian Lampung black pepper at 6,702 USD/ton (up 0.06%), and the price of Muntok white pepper at 8,966 USD/ton (up 0.05%).

The price of Brazilian ASTA 570 black pepper was at USD 6,750/ton (down 1.46%). The price of Malaysian ASTA black pepper remained stable at USD 8,800/ton (down 1.12%); the price of this country's ASTA white pepper reached USD 11,200/ton (down 1.75%).

Vietnamese black pepper prices today are stable at a high level, trading at 6,800 USD/ton for 500 g/l; 550 g/l at 7,100 USD/ton; white pepper prices at 10,150 USD/ton.

Source: https://baodaknong.vn/gia-tieu-hom-nay-10-10-2024-quay-dau-tang-manh-231307.html