Losing an important milestone, pepper is under pressure as cash flows continue to pour into coffee trading and the USD remains high.

Pepper price today, November 22, 2024, in the domestic market turned to decrease slightly in some key localities, trading from 138,000 - 139,500 VND/kg.

Pepper price today November 22, 2024: Losing an important milestone, pepper is under pressure as cash flows continue to pour into coffee trading and the USD remains high. (Source: indigo-herbs.co.uk)

Pepper price today, November 22, 2024, in the domestic market turned to decrease slightly in some key localities, trading from 138,000 - 139,500 VND/kg.

Specifically, pepper price today in Gia Lai is at 138,000 VND/kg.

Pepper prices today in the provinces of Dong Nai (138,000 VND/kg); Dak Lak (139,500 VND/kg); Dak Nong (139,500 VND/kg); Ba Ria - Vung Tau (138,000 VND/kg) and Binh Phuoc (138,500 VND/kg).

Thus, domestic pepper prices today turned to decrease slightly in most key growing areas, with a decrease of 500 - 1,000 VND/kg. The highest pepper price was 139,500 VND/kg, officially losing the mark of 140,000 VND/kg.

Pepper is still under pressure as cash flows into coffee trading and the US dollar remains high.

Earlier this week, experts from the Project on Transforming Pest Management Practices on Coffee, Tea, and Pepper Farms in Vietnam visited and learned about the effectiveness of project implementation at Doan Ket Agricultural Service Cooperative and some households in Dak Song and Cu Jut districts, Dak Nong province.

Experts highly appreciate farmers and cooperatives in Dak Nong for taking strong actions in applying integrated pest management in their gardens. Thanks to that, many farmers and cooperatives in Dak Nong have gradually minimized harmful impacts on the environment, ensured safe agricultural production, and reduced greenhouse gas emissions.

The project to transform pest management practices on coffee, tea, and pepper farms in Vietnam will be implemented from 2022-2025 in Dak Lak, Lam Dong, Dak Nong, Binh Phuoc, Tuyen Quang, and Phu Tho.

In Dak Nong, the project has built 6 models applying integrated pest management, with a total area of ​​nearly 15 hectares of pepper.

The project focuses on the use of agrochemicals on coffee, tea and pepper farms in Vietnam with the aim of minimizing negative impacts on climate and biodiversity.

In Ba Ria Vung Tau, according to the Department of Agriculture and Rural Development of Chau Duc district, the whole district has 5,077 hectares of pepper; the harvested area is 4,928 hectares, the output reaches 9,856 tons of dry pepper/crop.

Chau Duc district sets the goal of forming organic pepper production areas by 2025, creating a source of high-quality agricultural products; forming production chains associated with the consumption of organic agricultural products, meeting domestic consumption and export needs.

Mr. Than Xuan Dong, Vice Chairman of the Farmers’ Association of Chau Duc District, said that the conversion to clean and organic farming methods has partly restored the position of pepper plants. Through the actual inspection of the Farmers’ Association of the district, currently most households cultivating clean and organic pepper standards have stable incomes, are committed to long-term cultivation and can live well from this crop.

In the world market, at the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Lampung black pepper (Indonesia) at 6,470 USD/ton; the price of Brazilian black pepper ASTA 570 at 6,000 USD/ton; the price of Kuching black pepper (Malaysia) ASTA at 8,400 USD/ton.

Muntok white pepper price is 9,055 USD/ton; Malaysian ASTA white pepper price is at 10,500 USD/ton.

Vietnam's black pepper price is trading at 6,200 USD/ton for 500 g/l; 550 g/l at 6,500 USD/ton; white pepper price at 9,400 USD/ton. Pepper prices in other countries remain stable.

Source: https://baoquocte.vn/gia-tieu-hom-nay-22112024-mat-moc-quan-trong-ho-tieu-chiu-suc-ep-khi-dong-tien-van-do-manh-ve-kinh-doanh-ca-phe-va-usd-neo-cao-294609.html