1,000 VND discount in Dak Nong

Domestic pepper price on September 17, 2024

Specifically, Dak Lak pepper price was purchased at 155,000 VND/kg, slightly down 1,000 VND/kg compared to yesterday. Chu Se pepper price (Gia Lai) was purchased at 153,000 VND/kg, stable compared to yesterday. Dak Nong pepper price today was recorded at 155,000 VND/kg.

In the Southeast region, pepper prices today are stable compared to yesterday. Specifically, in Ba Ria - Vung Tau, it is currently at 155,000 VND/kg; in Binh Phuoc, pepper prices today are at 152,000 VND/kg.

Domestic pepper price list September 17, 2024

Province/district (survey area)	Purchase price (Unit: VND/kg)	Change from yesterday (Unit: VND/kg)
Dak Lak	155,000	-1,000
Gia Lai	154,000	-
Dak Nong	155,000	-1,000
Ba Ria - Vung Tau	155,000	-
Binh Phuoc	152,000	-
Dong Nai	155,000	-

In August, Vietnam exported 1,080 tons of pepper to Germany, earning 6.4 million USD, down 24.4% in volume and 29.2% in value compared to the previous month. However, compared to the same period last year, there was a significant growth of 74.2% in volume and 2.4 times in value.

Total pepper exports to Germany in the first 8 months of this year reached 12,133 tons, equivalent to 63.7 million USD, up 97.5% in volume and 151.8% in value over the same period last year.

Germany is currently Vietnam's second largest pepper export market, after the US, accounting for 6.6% of market share, up from 3.3% over the same period.

World pepper price today

Update on world pepper prices from the International Pepper Community (IPC), at the end of the most recent trading session, IPC listed the price of Indonesian Lampung black pepper at 7,562 USD/ton, and the price of Muntok white pepper at 9,121 USD/ton.

The price of Brazilian ASTA 570 black pepper was at USD 7,300/ton (down 1.35%). The price of Malaysian ASTA black pepper remained stable at USD 8,800/ton; the price of this country's ASTA white pepper reached USD 10,900/ton.

Vietnamese black pepper prices today are stable at a high level, trading at 6,800 USD/ton for 500 g/l; 550 g/l at 7,100 USD/ton; white pepper prices at 10,150 USD/ton.

Experts expect the market to be affected by the FED's decision to adjust interest rates down by 0.25 or 0.5 percentage points at the upcoming policy meeting. The weakening of the USD due to the information about the interest rate cut has created conditions for the commodity market to recover, especially the pepper market.

There were no reports of price cuts from any country in the International Pepper Community last week, indicating price stability. Increased buying demand and concerns over limited supplies are two major factors expected to continue pushing pepper prices up this week.

With the upward price trend since the beginning of the month, it is expected that the domestic pepper market price may reach 160,000 VND/kg this week.

Source: https://baodaknong.vn/gia-tieu-hom-nay-17-9-2024-giam-1-000-dong-tai-dak-nong-229386.html