Slight increase in the Central Highlands

Domestic pepper price today October 21

Domestic pepper price market today October 21, pepper price increased slightly from 500 to 1,000 VND/kg compared to the same time yesterday. Domestic pepper price was updated at 4:00 a.m. on October 21, 2024, the current average is around 143,700 VND/kg, in the range of 143,500 - 144,500 VND/kg. The highest purchase price in Dak Nong and Dak Lak provinces is 144,500 VND/kg

Province/district (survey area)	Purchase price (Unit: VND/kg)	Change from yesterday (Unit: VND/kg)
Dak Lak	144,500	-
Gia Lai	143,000	-
Dak Nong	144,500	-
Ba Ria - Vung Tau	143,500	-
Binh Phuoc	143,000	-
Dong Nai	143,500	-

Accordingly, in Dak Lak province, pepper price today is purchased at 144,500 VND/kg. Stable compared to the same time yesterday.

In Dak Nong province, pepper price today is purchased at 144,500 VND/kg. Stable compared to the same time yesterday.

In Gia Lai province, pepper price today is at 143,000 VND/kg. Stable compared to the same time yesterday.

Meanwhile in Dong Nai, pepper price today is at 143,500 VND/kg. Stable compared to the same time yesterday.

In Ba Ria - Vung Tau province, pepper price today is at 143,500 VND/kg. Stable compared to the same time yesterday.

In Binh Phuoc province, pepper price today is purchased at 143,000 VND/kg. No change compared to the same time yesterday.

Last week, pepper prices in the Central Highlands increased slightly by VND500/kg, while the Southeast provinces recorded a decrease. The market fluctuated slightly, but still showed instability.

The pepper market is facing difficulties because the amount of pepper stored in warehouses of businesses and traders is less than in previous years. Businesses are stockpiling to cope with the possibility of a delayed harvest next year, while farmers expect pepper prices to continue to increase.

However, competition from new pepper sources from Indonesia and China’s increased purchases of pepper from Indonesia are holding back the recovery of Vietnam’s pepper market. Major consumer markets such as Europe and the United States have not shown signs of recovering demand, making pepper export prices difficult. If pepper prices fall below VND140,000/kg, a sell-off may occur, but current reserves are still limited, helping to reduce the risk of a sharp price drop.

World pepper price today October 21

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 6,794 USD/ton (up 0.31%), and the price of Muntok white pepper at 9,302 USD/ton (up 0.32%).

The price of Brazilian ASTA 570 black pepper was at USD 6,400/ton. The price of Malaysian ASTA black pepper remained stable at USD 8,700/ton; the price of this country's ASTA white pepper reached USD 11,200/ton.

Vietnamese black pepper prices are stable today, trading at 6,500 USD/ton for 500 g/l; 550 g/l at 6,800 USD/ton; white pepper prices at 9,500 USD/ton.

Pepper type	Price (Unit: USD/ton)	Change
Lampung Black Pepper (Indonesia)	6,794	+0.31
Brazilian Black Pepper ASTA 570	9,302	+0.32
Kuching Black Pepper (Malaysia) ASTA	6,400	-
Muntok White Pepper	8,700	-
ASTA Malaysian White Pepper	11,200	-
Black pepper 500 g/l Vietnam	6,500	-
Black pepper 550 g/l Vietnam	6,800	-
Vietnam white pepper	9,500	-