Domestic pepper prices today continue to stay high.

Domestic pepper price today December 30, 2024, online pepper price, Dak Lak pepper price, Dak Nong pepper price, Binh Phuoc pepper price, Gia Lai pepper price, pepper price on December 30.

Domestic pepper price today

Today's pepper price was updated at 4:30 a.m. on December 30, 2024 as follows: Domestic pepper prices continue to be stable and stay at a high level; compared to the previous trading session, it fluctuated from 146,500 - 147,000 VND/kg. Currently, the average pepper purchase price in localities is 146,800 VND/kg.

Specifically, today's pepper price in Gia Lai is purchased at 146,500 VND/kg; similarly, pepper price in Binh Phuoc province is also purchased at 146,500 VND/kg; pepper price in Ba Ria - Vung Tau , Dak Nong, Dak Lak localities is purchased at a higher price of 147,000 VND/kg.

Domestic pepper price updated on December 30, 2024

Domestic pepper prices have stabilized after two previous increases and remained unchanged at the end of the week. Currently, the price of this agricultural product remains high. In summary, this week, the domestic pepper market increased sharply from 1,500 - 2,000 VND/kg.

The Import-Export Department ( Ministry of Industry and Trade ) said that the market is currently showing signs of speculation pushing prices up due to a temporary halt in demand from Europe and the US, as they have already purchased enough goods. Currently, businesses are making deliveries according to previously signed orders, while purchases remain low.

According to data from the European Statistical Office, in the first 10 months of 2024, the EU imported 55.94 thousand tons of pepper from the non-bloc market, worth approximately 282.5 million EUR (equivalent to 296.89 million USD), up 32.7% in volume and 55.6% in value over the same period last year.

Of which, Vietnam is the largest supplier of pepper from outside the bloc to the EU in the first 10 months of 2024, reaching over 37 thousand tons, worth 181.9 million EUR (equivalent to nearly 191.2 million USD), up 41.2% in volume and 74% in value over the same period last year.

Lam Dong province people harvest pepper

According to a recent report by Ptexim (a company specializing in providing clean products for the community), demand remains stable from markets such as the US, Asia, the EU and China, although only a small amount of black and white pepper is purchased. However, the volume of goods traded on the market is very limited and liquidity is quite slow.

The Fed's interest rate cut is expected to stimulate economic activity in major importing countries, thereby potentially increasing demand for Vietnamese pepper in key markets such as the US and EU.

A weaker US dollar due to interest rate cuts could benefit Vietnamese exporters by making their products more price competitive in US dollar-denominated markets, encouraging increased export volumes.

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

World pepper price today

Update on world pepper prices from the International Pepper Community (IPC) at 4:30 a.m. on December 30 as follows: The world pepper market continues to maintain stable prices compared to the previous trading session.

Specifically, IPC listed the price of Indonesian Lampung black pepper after a decrease, which has stabilized again and is at 6,817 USD/ton; similarly, the price of Muntok white pepper reached 8,921 USD/ton.

Malaysian ASTA black pepper price is purchased at 8,500 USD/ton; ASTA white pepper price is at 10,700 USD/ton.

The price of Brazilian black pepper ASTA 570 continues to remain stable at a fairly high level, currently at $6,275/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 30, 2024

Vietnam's largest pepper export markets are currently the US, Germany and the United Arab Emirates, accounting for nearly 44.1% of the total export turnover of this industry. Of which, exports to the German market are very impressive, recording a 2.4-fold increase compared to the same period in 2023.

Recently, although pepper prices have been very high, farmers are no longer in the mood to massively plant new crops. Instead, they focus on increasing pepper productivity and quality through organic farming methods.

Source: https://congthuong.vn/gia-tieu-trong-nuoc-hom-nay-tiep-tuc-neo-o-muc-cao-366885.html