Domestic pepper prices slightly decreased

Update pepper price today December 13, 2024, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price December 13.

Domestic pepper price today

Pepper price today, December 13, 2024, domestic pepper price decreased slightly and stabilized depending on each locality; the decrease is from 1,000 - 2,000 VND/kg compared to the previous day's price. Currently, the average purchase price in localities is at 144,600 VND/kg. Specifically, the pepper purchase price in Gia Lai province is at 143,000 VND/kg (down 2,000 VND/kg); similarly, the pepper purchase price on December 13 in Ba Ria - Vung Tau province is at 145,000 VND/kg (down 1,000 VND/kg); Dak Lak pepper price is at 145,000 VND/kg (down 2,000 VND) and the highest pepper price in Dak Nong is at 145,200 VND/kg (down 2,000 VND); Pepper price in Binh Phuoc remains unchanged at 145,000 VND/kg.

Domestic pepper prices updated on the morning of December 13, 2024

According to experts, the current domestic and export pepper prices are higher than in previous years, motivating farmers to plant and replant pepper trees. In the new month, the domestic pepper market continues to record positive signals. The Import-Export Department ( Ministry of Industry and Trade ) forecasts that in the last months of this year, Vietnam's pepper exports will face difficulties because domestic supply is no longer abundant and demand from China remains low. However, it is expected that by early 2025, pepper exports will be more favorable when demand from China may increase sharply.

The United States remains the largest consumer market for Vietnamese pepper with an export volume of 67,802 tons, up 41.1% over the same period last year. Other markets such as the UAE, Germany, the Netherlands, South Korea, Pakistan, Canada, Russia, and the UK also recorded impressive growth. In particular, exports to Hong Kong (China) increased dramatically, reaching 3,933 tons compared to only 129 tons last year. However, exports to the Chinese market fell sharply by 83.6%, reaching 9,661 tons.

Pepper harvest in Duc Trong district, Lam Dong

According to statistics, pepper imports in the United States increased sharply after two consecutive years of decline due to cooling inflation and loose monetary policy, leading to a recovery in demand. In addition, importers also increased their stockpiles due to concerns about many changes in economic policies after the US presidential election.

US President-elect Donald Trump plans to raise import taxes and cut taxes on individuals and businesses, as he did in his previous term. During his election campaign, Trump vowed to impose a 10-20% import tax on all goods entering the US. This figure for China alone is 60-100%. Currently, US importers are stepping up imports of goods before Donald Trump returns to the White House.

Pepper gardens full of fruit are waiting to be harvested in Duc Trong district, Lam Dong.

World pepper price today

Update on world pepper prices from the International Pepper Community (IPC) at 4:30 a.m. on December 13 as follows: At the end of the trading session, the world pepper market continued; domestic black coffee export prices increased insignificantly.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 6,822 USD/ton; the price of Muntok white pepper at 9,115 USD/ton.

Similarly, the price of Brazilian ASTA 570 black pepper is currently at USD 6,250/ton. Pepper prices in Malaysia remained stable compared to the previous trading session; the price of Malaysian ASTA black pepper is at USD 8,200/ton, and the price of ASTA white pepper is at USD 10,400/ton.

In particular, the export price of Vietnamese black pepper continued to be stable and increased slightly at 6,300 USD/ton for 500 g/l, 550 g/l remained at 6,600 USD/ton; the price of white pepper remained unchanged at 9,400 USD/ton.

Update world pepper prices today December 13, 2024

In the world market, according to Comexstat, in November 2024, Brazil exported 4,302 tons of pepper, worth 28 million USD, up 18.8% in volume and 19.6% in value compared to October 2024. The US was the largest export market for Brazilian pepper in the month, reaching 850 tons, Germany reaching 464 tons, Pakistan reaching 433 tons, and Vietnam ranked 8th with 251 tons.

Source: https://congthuong.vn/gia-tieu-hom-nay-13122024-gia-tieu-trong-nuoc-giam-nhe-364006.html