Pepper price today July 25, 2024: Dak Lak, Ba Ria

Domestic pepper price today

Pepper price today, July 25, 2024, in the Southeast region, decreased slightly by 1,000 VND/kg compared to yesterday, trading around 148,000 - 150,000 VND/kg, the highest purchase price in Dak Nong province is 150,000 VND/kg.

Specifically, Dak Lak pepper price decreased slightly by 1,000 VND/kg and was purchased at 149,000 VND/kg. Chu Se pepper price (Gia Lai) was purchased at 149,000 VND/kg. Dak Nong pepper price today was recorded at 150,000 VND/kg.

Pepper price today July 25, 2024: Dak Lak, Ba Ria - Vung Tau decreased by 1,000 VND/kg

In the Southeast region, pepper prices today decreased slightly by 1,000 VND/kg compared to yesterday. Specifically, in Ba Ria - Vung Tau, it is currently at 148,000 VND/kg, a slight decrease of 1,000 VND/kg; in Binh Phuoc, pepper prices today remain at 148,000 VND/kg.

Thus, pepper prices today tended to decrease slightly in some localities in key growing areas right after the price stagnation day, recording the highest price of 150,000 VND, fluctuating in the price range of 148,000 - 150,000 VND/kg.

In recent days, domestic pepper prices have fluctuated around 150,000 VND/kg, twice as high as in 2023. After a long time out of the list of billion-dollar agricultural products, pepper is gradually recording impressive growth of 137% in export turnover.

World pepper price today

At the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Indonesian Lampung black pepper at 7,189 USD/ton, down 0.02%; the price of Muntok white pepper at 9,154 USD/ton, down 0.03%.

The price of Brazilian ASTA 570 black pepper was kept stable at USD 7,125/ton. The price of Malaysian ASTA black pepper was also kept stable at USD 7,500/ton; the price of this country's ASTA white pepper reached USD 8,800/ton.

The price of black pepper in Vietnam is kept at a high level, trading at 6,000 USD/ton for 500 g/l; 6,600 USD/ton for 550 g/l; and 8,800 USD/ton for white pepper. According to the International Pepper Association (IPC), pepper prices in Brazil, Vietnam and

In its latest weekly report, IPC stated that the pepper market has recently shown major fluctuations, especially with leading producers and exporters such as Indonesia and Vietnam.

Indonesia entered its pepper harvest season in July, with high production expected in key growing areas. Inconsistent rainfall during the growing period has created favorable conditions for the formation and development of pepper berries. However, despite the expected good production, pepper prices may not be affected much due to hoarding by speculators who have been quick to snap up available supplies.

Meanwhile, in China, pepper prices have increased sharply in the past month in Hainan due to low production forecasts and domestic speculation. Since the beginning of the year, pepper exports from Vietnam to this market have decreased sharply. Data shows that China usually imports about 50,000 tons of pepper each year from Vietnam.

Low domestic production and speculation in China have forced the country to increase imports from Southeast Asian countries. This will be the driving force for growth in pepper exports from Vietnam and Indonesia at the end of this year.

Domestic pepper price on July 25 , 2024

Province, city	Unit	Trader purchase price	Increase/decrease compared to yesterday
Chu Se (Gia Lai)	VND/kg	149,000	–
Dak Lak	VND/kg	149,000	-1,000
Dak Nong	VND/kg	150,000	–
Binh Phuoc	VND/kg	148,000	–
Ba Ria - Vung Tau	VND/kg	148,000	-1,000