Domestic pepper price today highest 146,500 VND/kg

Domestic pepper price today

Today's pepper price was updated at 4:30 a.m. on December 18, 2024 as follows: Domestic pepper prices are stable and remain at a fairly high level. Currently, the average purchase price in localities is at 146,100 VND/kg.

Specifically, the pepper purchase price in Gia Lai province is at 145,500 VND/kg; similarly, the pepper purchase price in Binh Phuoc province is at 146,000 VND/kg; the pepper purchase price in Ba Ria - Vung Tau is at 146,000 VND/kg; the pepper purchase price in Dak Lak is at 146,500 VND/kg and the pepper purchase price in Dak Nong is at 146,500 VND/kg.

Domestic pepper price updated on December 18, 2024

According to experts, pepper prices are still high and there is unlikely to be a sudden change in price due to the lack of new supporting factors. In addition, the price of this commodity is still under pressure as cash flows are pouring into the coffee business. In addition, factors such as the USD increasing by more than 1.5%, weak demand... continue to restrain pepper prices. However, low supply and unfavorable weather in major pepper growing countries in the world are expected to keep prices high, fluctuating between 145,000 - 147,000 VND/kg, with a slight upward trend this week.

The Import-Export Department ( Ministry of Industry and Trade ) forecasts that world pepper prices will remain high in the short term due to limited supply. In the long term, pepper export prices will still be supported, as Vietnam's output of this commodity in the 2025 crop is expected to decrease.

Pepper gardens are about to be harvested in Duc Trong district.

According to the assessment, in 2025, the main pepper crop in Vietnam will be harvested in February, in some localities it will last until March and April, and will be 1 to 3 months later than previous years due to the impact of prolonged drought.

Currently, to avoid risks in pepper cultivation, many farmers in Dak Doa district (Gia Lai) instead of choosing to grow pepper in the intensive "pepper" method, people now focus on models of intercropping and polyculture with coffee and fruit trees. Developing pepper in the direction of intercropping and polyculture will be sustainable, thereby reducing investment costs and limiting disease risks, moving towards safe agriculture.

Pepper harvest in Duc Trong district, Lam Dong province

According to the Vietnam Pepper and Spice Association, pepper is almost gone from the population, remaining only in agents and warehouses of enterprises. It is forecasted that in the next 3-5 years, global pepper production will still not be enough to meet consumer demand. Agricultural experts also agree that pepper has entered a new price increase cycle. This cycle will last 10-15 years and prices may reach a historical peak, even over 300,000 VND/kg.

Vietnam's pepper and spice industry is increasingly asserting its position in the international market, becoming one of the leading suppliers of high-quality products such as pepper, cinnamon, star anise and many other spices.

World pepper price today

Update on world pepper prices from the International Pepper Community (IPC) at 4:30 a.m. on December 18 as follows: The world pepper market has stabilized after yesterday's price fluctuations. However, Vietnam's pepper export market decreased slightly compared to the previous session.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 6,845 USD/ton and the price of Muntok white pepper at 9,050 USD/ton, unchanged from the previous session.

Similarly, the price of Brazilian ASTA 570 black pepper is currently at 6,350 USD/ton; Pepper prices in Malaysia continue to be stable compared to the previous trading session; the price of Malaysian ASTA black pepper is at 8,200 USD/ton, the price of ASTA white pepper is at 10,400 USD/ton.

The export price of Vietnamese black pepper remains stable at 6,300 USD/ton for 500 g/l, 6,600 USD/ton for 550 g/l; the price of white pepper is at 9,400 USD/ton and slightly decreased.

Update world pepper prices today December 18, 2024

According to experts, the pepper market will have an improvement in price in the coming time when the demand for goods from the US market continues to help pepper prices stabilize. The price is still trading around 146,000 - 147,000 VND/kg and is likely to catch a new wave of increase. In addition, export demand from major markets such as the US and EU remains high, further supporting the market.

Source: https://congthuong.vn/gia-tieu-hom-nay-18122024-gia-tieu-trong-nuoc-hom-nay-cao-nhat-146500-dongkg-364770.html