Sharp drop below 150,000 VND

Domestic pepper price on September 19, 2024

Specifically, Dak Lak pepper price was purchased at 150,500 VND/kg, down 4,500 VND/kg compared to yesterday. Chu Se pepper price (Gia Lai) was purchased at 148,000 VND/kg, down 5,000 VND/kg compared to yesterday. Dak Nong pepper price today was recorded at 150,000 VND/kg.

In the Southeast region, pepper prices today decreased sharply in localities compared to yesterday. Specifically, in Ba Ria - Vung Tau, it is currently at 148,000 VND/kg, a sharp decrease of 4,000 VND/kg compared to yesterday; in Binh Phuoc , pepper prices today are at 148,000 VND/kg.

Domestic pepper price list September 19, 2024

Province/district (survey area)	Purchase price (Unit: VND/kg)	Change from yesterday (Unit: VND/kg)
Dak Lak	150,500	-4,500
Gia Lai	148,000	-5,000
Dak Nong	150,000	-5,000
Ba Ria - Vung Tau	148,000	-4,000
Binh Phuoc	148,000	-4,000
Dong Nai	148,000	-4,000

In Xuan Loc district, Dong Nai, joy has spread among the farming community with the increase in pepper prices since the beginning of 2024. The two communes of Suoi Cao and Xuan Tho, famous for the title of "pepper capital", have witnessed the expansion of pepper growing area by 130 hectares, reaching nearly 1,000 hectares.

Local authorities recommend that farmers should not rush to change crops but instead focus on improving and maintaining old areas using sustainable organic farming methods. For new pepper growing areas, farmers are advised to strictly manage diseases and choose high-quality pepper varieties that are suitable for climate and soil conditions.

“Pepper King” Phan Minh Thong, Chairman of Phuc Sinh Group, predicts that 2024 will be a boom year for the pepper industry, with prices expected to increase continuously due to limited supply both domestically and globally.

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 7,595 USD/ton (up 0.43%), and the price of Muntok white pepper at 9,161 USD/ton (up 0.44%).

Brazilian ASTA 570 black pepper prices were at $7,000/ton (down 4.1%). Malaysian ASTA black pepper prices remained stable at $8,800/ton; the country’s ASTA white pepper prices reached $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.

Source: https://baodaknong.vn/gia-tieu-hom-nay-19-9-2024-giam-manh-xuong-duoi-150-000-dong-229573.html