Pepper prices today November 4, 3 in the domestic market increased slightly in some key localities, trading from 2024 - 93.000 VND/kg.
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| Pepper price today March 4, 3, businesses increased purchasing, pushing prices up, good news for Vietnamese pepper exports, expectations from the Chinese market. (Source: SAM Agritech) |
Pepper prices today March 4, 3 in the domestic market suddenly increased slightly in some key localities, trading from 2024 - 93.000 VND/kg.
Specifically, today's pepper price in Gia Lai is at VND 93.000/kg.
Pepper price today in Dong Nai provinces (93.500 VND/kg); Dak Nong, Dak Lak (95.500 VND/kg); Ba Ria - Vung Tau (95.000 VND/kg) and Binh Phuoc (95.500 VND/kg).
Thus, following yesterday's increase, pepper prices today continue to increase slightly in localities such as Dak Nong, Dak Lak, Dong Nai, Binh Phuoc, an increase of 500 VND/kg. The highest pepper price was recorded in Dak Nong, Dak Lak and Binh Phuoc at 95.500 VND/kg.
According to many experts, in the next few months, the pepper price trend will continue to increase due to increased demand while supply decreases compared to the same period in 2023. Many businesses are increasing purchases to ensure export progress, pushing up prices. go to high place.
According to data from the General Statistics Office, pepper exports in February 2 are estimated to reach 2024 thousand tons, down 16% over the previous month and down 8,4% over the same period in 42,8. Pepper export turnover in February 2023 reached 2 million USD, down 2024% over the previous month and down 65,3% over the same period in 6,5.
Accumulated in the first 2 months of 2024, pepper exports are estimated to reach 33,5 thousand tons, down 17,2% over the same period in 2023; Turnover reached 135,2 million USD, an increase of 6,5%.
The average export pepper price in February 2 increased for the second consecutive month, reaching 2024 USD/ton, up 2% over the previous month and up 4.082% over the same period in 2. Accumulated in the first 35,9 months of the year 2023 reaches 2 USD/ton, up 2024% over the same period in 4.039.
The International Pepper Association predicts that global pepper prices will fluctuate in an upward trend in the first quarter of 2024 when global pepper output in 2024 decreases in main producing countries.
According to Ms. Hoang Thi Lien, President of the Vietnam Pepper and Spice Association, thanks to stable supply and guaranteed quality, Vietnamese pepper has an advantage when penetrating markets. In particular, pepper exports to the Chinese market are expected to grow well this year. This country's annual pepper import demand is about 65-70 thousand tons.
On the world market, at the end of the most recent trading session, the International Pepper Community (IPC) listed Lampung (Indonesia) black pepper price at 3.896 USD/ton, an increase of 0,13%; Brazilian black pepper price ASTA 570 is at 4.400 USD/ton; Kuching (Malaysia) ASTA black pepper price remained at 4.900 USD/ton.
Muntok white pepper price was 6.142 USD/ton, up 0,11%; Malaysian ASTA white pepper price is still at 7.300 USD/ton.
Vietnam black pepper price is trading at 3.900 USD/ton with 500 g/l type, 550 g/l type at 4.000 USD/ton; White pepper price is at 5.700 USD/ton. IPC's assessment of the pepper market this week continued to show mixed reactions, with only India reporting a decrease.
