Pepper price today, November 30, increased by 1,000 VND, to 151,000 VND/kg

The domestic pepper market recorded a new upward trend, with the highest price reaching 151,000 VND/kg. Vietnam's pepper export price also increased sharply in the world market.

Domestic pepper prices increase again

According to the update on November 30, pepper prices in the domestic market increased by 500 - 1,000 VND/kg, bringing the common trading level to about 150,000 - 151,000 VND/kg. This move took place after a week of downward adjustment.

Specific prices in key localities are as follows:

• In Dak Lak and Lam Dong, pepper prices increased by 1,000 VND/kg, reaching the highest level in the country at 151,000 VND/kg.
• In Gia Lai , the transaction price increased by VND 1,000/kg, to VND 150,500/kg.
• In Dong Nai , pepper price increased by 500 VND/kg, currently at 150,500 VND/kg.
• In Ho Chi Minh City alone, pepper prices remain stable at 150,000 VND/kg.

World markets fluctuate

In the export market, Vietnamese pepper prices recorded a significant increase. Specifically, the prices of 500g/l and 550g/l black pepper increased by 100 USD/ton, to 6,500 USD/ton and 6,700 USD/ton, respectively. Notably, the price of white pepper increased sharply by 200 USD/ton, reaching 9,250 USD/ton.

Meanwhile, pepper prices in other major producing countries remain stable. Below is a reference price list:

Country/Type of pepper	Price (USD/ton)	Change
Vietnam - Black Pepper 500 g/l	6,500	+100
Vietnam - Black Pepper 550 g/l	6,700	+100
Vietnam - White Pepper	9,250	+200
Indonesia - Lampung Black Pepper	7,136	Unchanged
Indonesia - Muntok White Pepper	9,717	Unchanged
Malaysia - ASTA Black Pepper	9,200	Unchanged
Brazil - Black Pepper	6,100	Unchanged

Analysis and forecasting

This price increase comes after the market has just experienced a week of sharp price adjustments of 3,000 - 3,500 VND/kg. According to experts, the price range of 150,000 - 152,000 VND/kg is likely to remain stable in the short term and may increase slightly.

The reason is said to be limited supply while demand remains high. Many exporters predict that prices may continue to increase in the final weeks of the year, when global demand for the holiday season in Europe and the US increases sharply. If these factors continue to be favorable, Vietnam's black pepper export price may reach 6,800 - 7,000 USD/ton.

Source: https://baolamdong.vn/gia-tieu-hom-nay-3011-tang-den-1000-dong-len-151000-dongkg-406235.html