Domestic pepper prices increased today

Update pepper price today December 27, 2024, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price December 27.

Domestic pepper price today

Today's pepper price was updated at 4:30 a.m. on December 27, 2024 as follows: Domestic pepper prices today, after many stable sessions, have started to increase again, an increase of 1,000 - 2,000 VND/kg. Currently, the average pepper purchase price in localities today is 145,800 VND/kg.

Specifically, today's pepper price in Gia Lai was purchased at 145,000 VND/kg (an increase of 1,000 VND/kg) compared to the previous day's price; similarly, pepper prices in Ba Ria - Vung Tau , Dak Nong, Dak Lak provinces all increased by 1,000 VND/kg and are currently at 146,000 VND/kg. In particular, pepper prices in Binh Phuoc province have increased sharply, an increase of 2,000 VND/kg and are purchased at 146,000 VND/kg.

Domestic pepper price updated on December 27, 2024

Pepper prices are forecast to enter an upward cycle in early 2025, mainly due to reduced supply. In addition, higher transportation costs also play a role in pushing pepper prices up again.

According to the Import-Export Department ( Ministry of Industry and Trade ), pepper demand is showing signs of recovery, especially in the Chinese market. The approaching year-end holiday season has increased demand, while reports of reduced exports from Vietnam have also contributed to the market price increase, which has a positive impact on global pepper prices.

According to preliminary statistics from the General Department of Customs, as of December 15, Vietnam had exported nearly 242,000 tons of pepper of all kinds, earning 1.26 billion USD. The export value far exceeded the 910.5 million USD figure for the whole year of 2023, while the export volume was about 23,900 tons lower.

Farmers in Duc Trong district, Lam Dong province harvest pepper.

In the domestic market, citing information from the Vietnam Pepper and Spices Association (VPSA), the Import-Export Department said that the market is currently showing signs of speculators pushing up prices because demand from the European and American markets is temporarily suspended due to having purchased enough goods as well as nearing Christmas and New Year 2025. Currently, businesses are delivering previously signed orders, and purchases are at a low level.

According to experts' predictions, the amount of pepper in stock among the people is almost gone, only remaining in agents and warehouses of enterprises. Forecasts in the next 3-5 years, global pepper production will still not be enough to meet consumer demand, showing that pepper has entered a new price increase cycle.

Many pepper farmers said that after a year of high pepper prices, they no longer have the mentality of planting new crops en masse like before. Instead, they focus on increasing pepper productivity and quality through organic farming methods.

Lush pepper gardens are grown in Lam Dong province.

World pepper price today

Update on world pepper prices from the International Pepper Community (IPC) at 4:30 a.m. on December 27 as follows: the pepper market continues to be stable and is holding prices at a high level.

Specifically, IPC listed the price of Indonesian Lampung black pepper at 6,835 USD/ton; the price of Muntok white pepper reached 8,945 USD/ton.

The price of Brazilian ASTA 570 black pepper continues to remain stable at a fairly high level, currently at 6,275 USD/ton; the price of Malaysian ASTA black pepper is at 8,400 USD/ton, and the price of ASTA white pepper is at 10,600 USD/ton.

The export price of Vietnamese black pepper is stable, currently reaching 6,400 USD/ton for 500 g/l and 6,700 USD/ton for 550 g/l; the price of white pepper is high at 9,600 USD/ton.

Update world pepper prices today December 27, 2024

Update world pepper prices today December 26, 2024

According to the Import-Export Department, in more than half of December 2024, in the world market, the export prices of black pepper and white pepper fluctuated inconsistently compared to the end of November. In particular, the price of black pepper increased by about 205 USD/ton in Indonesia and increased by 200 USD/ton in Brazil and Vietnam, but decreased similarly in Malaysia.

In the white pepper market, white pepper prices in Malaysia and Indonesia decreased by 100 USD/ton and 110 USD/ton respectively. In contrast, Vietnam increased by 200 USD/ton.

Source: https://congthuong.vn/gia-tieu-hom-nay-27122024-gia-tieu-trong-nuoc-hom-nay-tang-cao-366414.html